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 Net Tangible Assets and its Short Long Term Debt 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.
Net Tangible Assets vs Short Long Term Debt
Net Tangible Assets vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
First Western Financial Net Tangible Assets account and
Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between First Western's Net Tangible Assets and Short Long Term Debt is -0.64. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Long Term Debt 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 Net Tangible Assets and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of First Western Financial are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Tangible Assets i.e., First Western's Net Tangible Assets and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
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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