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 Non Current Liabilities Total and its Total Liab 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.
Non Current Liabilities Total vs Total Liab
Non Current Liabilities Total vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Megastar Foods Non Current Liabilities Total account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Megastar Foods' Non Current Liabilities Total and Total Liab is 0.66. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Liab 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' Non Current Liabilities Total and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Megastar Foods Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Current Liabilities Total i.e., Megastar Foods' Non Current Liabilities Total and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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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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 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.