Jasper Cash vs Total Current Assets Analysis
JPIM Stock | 0.01 0.00 0.00% |
Jasper Commerce financial indicator trend analysis is infinitely more than just investigating Jasper Commerce recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jasper Commerce is a good investment. Please check the relationship between Jasper Commerce Cash and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jasper Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Cash vs Total Current Assets
Cash vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jasper Commerce Cash account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jasper Commerce's Cash and Total Current Assets is 0.98. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Jasper Commerce, assuming nothing else is changed. The correlation between historical values of Jasper Commerce's Cash and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Jasper Commerce are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., Jasper Commerce's Cash and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Jasper Commerce, which is listed under current asset account on Jasper Commerce balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jasper Commerce customers. The amounts must be unrestricted with restricted cash listed in a different Jasper Commerce account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Jasper Commerce's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jasper Commerce 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 Jasper Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Selling General Administrative is likely to drop to about 2.7 M in 2024. Tax Provision is likely to climb to about (66.8 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 351.0K | 449.4K | 404.5K | 562.5K | Total Revenue | 1.7M | 1.4M | 1.7M | 1.6M |
Jasper Commerce fundamental ratios Correlations
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Jasper Commerce Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Jasper Stock Analysis
When running Jasper Commerce's price analysis, check to measure Jasper Commerce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jasper Commerce is operating at the current time. Most of Jasper Commerce's value examination focuses on studying past and present price action to predict the probability of Jasper Commerce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jasper Commerce's price. Additionally, you may evaluate how the addition of Jasper Commerce to your portfolios can decrease your overall portfolio volatility.