| PALREDTEC | | | 91.58 2.26 2.41% |
Palred Technologies financial indicator trend analysis is much more than just breaking down Palred Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palred Technologies is a good investment. Please check the relationship between Palred Technologies Cash and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palred Technologies 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 income.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palred Technologies Cash account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Palred Technologies' Cash and Retained Earnings is 0.82. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Palred Technologies Limited, assuming nothing else is changed. The correlation between historical values of Palred Technologies' Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Palred Technologies Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Palred Technologies' Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Palred Technologies, which is listed under current asset account on Palred Technologies Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Palred Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Palred Technologies account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Palred Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palred Technologies 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palred Technologies 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 income.
Selling General Administrative is likely to drop to about 7.4
M in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
Palred Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Palred Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palred Technologies fundamental ratios Accounts
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Additional Tools for Palred Stock Analysis
When running Palred Technologies' price analysis, check to
measure Palred Technologies' 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 Palred Technologies is operating at the current time. Most of Palred Technologies' value examination focuses on studying past and present price action to
predict the probability of Palred Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palred Technologies' price. Additionally, you may evaluate how the addition of Palred Technologies to your portfolios can decrease your overall portfolio volatility.