| 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 Non Current Assets Total and its Accounts Payable 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.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Phoenix Group Holdings Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Phoenix Group's Non Current Assets Total and Accounts Payable is 0.55. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable 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 Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Phoenix Group Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Phoenix Group's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents Phoenix Group obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Phoenix Group Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.