| MATE Stock | | | 0.11 0.02 15.38% |
Blockmate Ventures financial indicator trend analysis is way more than just evaluating Blockmate Ventures prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blockmate Ventures is a good investment. Please check the relationship between Blockmate Ventures Total Current Liabilities and its Net Working Capital accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blockmate Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Total Current Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Blockmate Ventures Total Current Liabilities account and
Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Blockmate Ventures' Total Current Liabilities and Net Working Capital is -0.62. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Blockmate Ventures, assuming nothing else is changed. The correlation between historical values of Blockmate Ventures' Total Current Liabilities and Net Working Capital 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 Blockmate Ventures are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Blockmate Ventures' Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Blockmate Ventures balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Blockmate Ventures 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.
Net Working Capital
Most indicators from Blockmate Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blockmate Ventures 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blockmate Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Issuance Of Capital Stock is likely to climb to about 2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
M in 2024.
Blockmate Ventures fundamental ratios Correlations
Click cells to compare fundamentals
Blockmate Ventures Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blockmate Ventures fundamental ratios Accounts
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Additional Tools for Blockmate Stock Analysis
When running Blockmate Ventures' price analysis, check to
measure Blockmate Ventures' 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 Blockmate Ventures is operating at the current time. Most of Blockmate Ventures' value examination focuses on studying past and present price action to
predict the probability of Blockmate Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blockmate Ventures' price. Additionally, you may evaluate how the addition of Blockmate Ventures to your portfolios can decrease your overall portfolio volatility.