| PSDL Stock | | | 172.50 1.00 0.58% |
Phoenix Spree financial indicator trend analysis is much more than just breaking down Phoenix Spree Deutschland prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Spree Deutschland is a good investment. Please check the relationship between Phoenix Spree Net Receivables and its Total Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Spree Deutschland. 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.
Net Receivables vs Total Assets
Net Receivables vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Phoenix Spree Deutschland Net Receivables account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Phoenix Spree's Net Receivables and Total Assets is 0.84. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Phoenix Spree Deutschland, assuming nothing else is changed. The correlation between historical values of Phoenix Spree's Net Receivables and Total Assets 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 Receivables of Phoenix Spree Deutschland are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Phoenix Spree's Net Receivables and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Receivables
Total Assets
Total assets refers to the total amount of Phoenix Spree assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Phoenix Spree Deutschland books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Phoenix Spree's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Spree Deutschland 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 Spree Deutschland. 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.
Selling General Administrative is likely to gain to about 6.6
M in 2024, despite the fact that
Tax Provision is likely to grow to (12.4
M).
Phoenix Spree fundamental ratios Correlations
Click cells to compare fundamentals
Phoenix Spree Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phoenix Spree fundamental ratios Accounts
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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 Spree's price analysis, check to
measure Phoenix Spree'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 Spree is operating at the current time. Most of Phoenix Spree's value examination focuses on studying past and present price action to
predict the probability of Phoenix Spree'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 Spree's price. Additionally, you may evaluate how the addition of Phoenix Spree to your portfolios can decrease your overall portfolio volatility.