RIC Stock | | | 2.79 0.01 0.36% |
Ridley financial indicator trend analysis is much more than just breaking down Ridley prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ridley is a good investment. Please check the relationship between Ridley Property Plant Equipment and its Total Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ridley. 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.
Property Plant Equipment vs Total Revenue
Property Plant Equipment vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ridley Property Plant Equipment account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ridley's Property Plant Equipment and Total Revenue is -0.26. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Ridley, assuming nothing else is changed. The correlation between historical values of Ridley's Property Plant Equipment and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Ridley are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Property Plant Equipment i.e., Ridley's Property Plant Equipment and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Property Plant Equipment
Total Revenue
Total revenue comprises all receipts Ridley generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Ridley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ridley 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 Ridley. 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.
At this time, Ridley's
Discontinued Operations is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 2.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 32.1
M in 2024.
Ridley fundamental ratios Correlations
Click cells to compare fundamentals
Ridley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ridley fundamental ratios Accounts
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Additional Tools for Ridley Stock Analysis
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