PHNX Stock | | | 514.00 2.50 0.48% |
Phoenix Group financial indicator trend analysis is much more than just breaking down Phoenix Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Group Holdings is a good investment. Please check the relationship between Phoenix Group Common Stock Shares Outstanding and its Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Common Stock Shares Outstanding vs Short Term Investments
Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Phoenix Group Holdings Common Stock Shares Outstanding account and
Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Phoenix Group's Common Stock Shares Outstanding and Short Term Investments is 0.08. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Phoenix Group Holdings, assuming nothing else is changed. The correlation between historical values of Phoenix Group's Common Stock Shares Outstanding 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 Shares Outstanding of Phoenix Group Holdings are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Phoenix Group's Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Short Term Investments
Short Term Investments is an item under the current assets section of Phoenix Group balance sheet. It contains any investments Phoenix Group Holdings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Phoenix Group Holdings can easily liquidate in the marketplace.
Most indicators from Phoenix Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Group Holdings 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 Phoenix Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Discontinued Operations is likely to gain to about 111.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 949
M in 2024.
Phoenix Group fundamental ratios Correlations
Click cells to compare fundamentals
Phoenix Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phoenix Group fundamental ratios Accounts
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Additional Tools for Phoenix Stock Analysis
When running Phoenix Group's price analysis, check to
measure Phoenix Group'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 Phoenix Group is operating at the current time. Most of Phoenix Group's value examination focuses on studying past and present price action to
predict the probability of Phoenix Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Group's price. Additionally, you may evaluate how the addition of Phoenix Group to your portfolios can decrease your overall portfolio volatility.