| ITM Stock | | | 35.26 1.02 2.98% |
ITM Power financial indicator trend analysis is infinitely more than just investigating ITM Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ITM Power is a good investment. Please check the relationship between ITM Power Total Current Liabilities and its Non Current Assets Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITM Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Liabilities vs Non Current Assets Total
Total Current Liabilities vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ITM Power Total Current Liabilities account and
Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between ITM Power's Total Current Liabilities and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of ITM Power, assuming nothing else is changed. The correlation between historical values of ITM Power's Total Current Liabilities and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of ITM Power are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., ITM Power's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on ITM Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ITM Power are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from ITM Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ITM Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITM Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 175.3
K, whereas
Selling General Administrative is forecasted to decline to about 3.4
M.
ITM Power fundamental ratios Correlations
Click cells to compare fundamentals
ITM Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ITM Power fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in ITM Stock
Balance Sheet is a snapshot of the
financial position of ITM Power at a specified time, usually calculated after every quarter, six months, or one year. ITM Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ITM Power and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ITM currently owns. An asset can also be divided into two categories, current and non-current.