MT Stock | | | USD 25.11 0.18 0.71% |
ArcelorMittal financial indicator trend analysis is way more than just evaluating ArcelorMittal SA ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ArcelorMittal SA ADR is a good investment. Please check the relationship between ArcelorMittal Revenue Per Share and its Current Deferred Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ArcelorMittal SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Revenue Per Share vs Current Deferred Revenue
Revenue Per Share vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ArcelorMittal SA ADR Revenue Per Share account and
Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ArcelorMittal's Revenue Per Share and Current Deferred Revenue is -0.19. Overlapping area represents the amount of variation of Revenue Per Share that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of ArcelorMittal SA ADR, assuming nothing else is changed. The correlation between historical values of ArcelorMittal's Revenue Per Share and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Revenue Per Share of ArcelorMittal SA ADR are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Revenue Per Share i.e., ArcelorMittal's Revenue Per Share and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
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.
Most indicators from ArcelorMittal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ArcelorMittal SA ADR 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 ArcelorMittal SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, ArcelorMittal's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 28.3
B in 2024, whereas
Tax Provision is likely to drop slightly above 356.4
M in 2024.
ArcelorMittal fundamental ratios Correlations
Click cells to compare fundamentals
ArcelorMittal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ArcelorMittal fundamental ratios Accounts
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Additional Tools for ArcelorMittal Stock Analysis
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measure ArcelorMittal'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 ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to
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