| RELIW Stock | | | USD 0.03 0.00 0.00% |
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Days Payables Outstanding and its Days Of Inventory On Hand accounts. Check out
Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Days Payables Outstanding vs Days Of Inventory On Hand
Days Payables Outstanding vs Days Of Inventory On Hand Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reliance Global Group Days Payables Outstanding account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Reliance Global's Days Payables Outstanding and Days Of Inventory On Hand is -0.58. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Days Payables Outstanding and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Payables Outstanding of Reliance Global Group are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Days Payables Outstanding i.e., Reliance Global's Days Payables Outstanding and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Days Payables Outstanding
Days Of Inventory On Hand
Most indicators from Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global Group 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Issuance Of Capital Stock is likely to climb to about 7.8
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 2.7
M in 2025.
Reliance Global fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Global fundamental ratios Accounts
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Additional Tools for Reliance Stock Analysis
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measure Reliance Global'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 Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to
predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.