Portage Common Stock vs Cash And Short Term Investments Analysis
PFTAU Stock | USD 10.85 0.00 0.00% |
Portage Fintech financial indicator trend analysis is much more than just breaking down Portage Fintech Acqu prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portage Fintech Acqu is a good investment. Please check the relationship between Portage Fintech Common Stock and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Common Stock vs Cash And Short Term Investments
Common Stock 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 Portage Fintech Acqu Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Portage Fintech's Common Stock and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Portage Fintech Acquisition, assuming nothing else is changed. The correlation between historical values of Portage Fintech's Common Stock 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 Common Stock of Portage Fintech Acquisition 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 Common Stock i.e., Portage Fintech's Common Stock and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Portage Fintech Acqu balance sheet. This account contains Portage Fintech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Portage Fintech Acquisition 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 Portage Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portage Fintech Acqu 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 Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Portage Fintech's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 36.84 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.5M | 18.4M | 21.2M | 15.9M | Depreciation And Amortization | 3.4M | 2.7M | 3.3M | 2.5M |
Portage Fintech fundamental ratios Correlations
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Portage Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Portage Stock Analysis
When running Portage Fintech's price analysis, check to measure Portage Fintech'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 Portage Fintech is operating at the current time. Most of Portage Fintech's value examination focuses on studying past and present price action to predict the probability of Portage Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Portage Fintech's price. Additionally, you may evaluate how the addition of Portage Fintech to your portfolios can decrease your overall portfolio volatility.