MYFW Stock | | | USD 21.37 0.55 2.64% |
First Western financial indicator trend analysis is much more than just examining First Western Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Western Financial is a good investment. Please check the relationship between First Western Long Term Investments and its Good Will accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Western Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Long Term Investments vs Good Will
Long Term Investments vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
First Western Financial Long Term Investments account and
Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between First Western's Long Term Investments and Good Will is -0.15. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of First Western Financial, assuming nothing else is changed. The correlation between historical values of First Western's Long Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of First Western Financial are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Long Term Investments i.e., First Western's Long Term Investments and Good Will go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of First Western balance sheet that represents investments First Western Financial intends to hold for over a year. First Western Financial long term investments may include different instruments such as stocks, bonds, real estate and cash.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from First Western's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Western Financial 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 First Western Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, First Western's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 12.33 in 2024, whereas
Tax Provision is likely to drop slightly above 2.7
M in 2024.
First Western fundamental ratios Correlations
Click cells to compare fundamentals
First Western Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Western fundamental ratios Accounts
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measure First Western'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 First Western is operating at the current time. Most of First Western's value examination focuses on studying past and present price action to
predict the probability of First Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Western's price. Additionally, you may evaluate how the addition of First Western to your portfolios can decrease your overall portfolio volatility.