| MEGASTAR | | | 222.35 4.75 2.09% |
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 Total Current Liabilities and its Cash And Short Term Investments 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.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Megastar Foods Total Current Liabilities account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Megastar Foods' Total Current Liabilities and Cash And Short Term Investments is 0.42. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments 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' Total Current Liabilities and Cash And Short Term Investments 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 Megastar Foods Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Megastar Foods' Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Megastar Foods balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Megastar Foods Limited 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Megastar Foods balance sheet. This account contains Megastar Foods investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Megastar Foods Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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.