MEGASTAR | | | 219.50 4.65 2.07% |
Megastar Foods financial indicator trend analysis is infinitely more than just investigating Megastar Foods recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Megastar Foods is a good investment. Please check the relationship between Megastar Foods Current Deferred Revenue and its Common Stock Shares Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Megastar Foods Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Current Deferred Revenue vs Common Stock Shares Outstanding
Current Deferred Revenue vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Megastar Foods Current Deferred Revenue account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Megastar Foods' Current Deferred Revenue and Common Stock Shares Outstanding is 0.03. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Megastar Foods Limited, assuming nothing else is changed. The correlation between historical values of Megastar Foods' Current Deferred Revenue and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Megastar Foods Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Current Deferred Revenue i.e., Megastar Foods' Current Deferred Revenue and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Megastar Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Megastar Foods 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 Megastar Foods Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
The current year's
Selling General Administrative is expected to grow to about 78.2
M. The current year's
Tax Provision is expected to grow to about 20.5
MMegastar Foods fundamental ratios Correlations
Click cells to compare fundamentals
Megastar Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Megastar Foods fundamental ratios Accounts
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Other Information on Investing in Megastar Stock
Balance Sheet is a snapshot of the
financial position of Megastar Foods at a specified time, usually calculated after every quarter, six months, or one year. Megastar Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Megastar Foods 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 Megastar currently owns. An asset can also be divided into two categories, current and non-current.