SGBX Stock | | | USD 0.51 0.04 7.27% |
SG Blocks financial indicator trend analysis is much more than just breaking down SG Blocks prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SG Blocks is a good investment. Please check the relationship between SG Blocks Net Working Capital and its Total Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SG Blocks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy SGBX Stock please use our
How to Invest in SG Blocks guide.
Net Working Capital vs Total Current Assets
Net Working Capital vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SG Blocks Net Working Capital account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between SG Blocks' Net Working Capital and Total Current Assets is 0.24. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of SG Blocks, assuming nothing else is changed. The correlation between historical values of SG Blocks' Net Working Capital and Total Current 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 Working Capital of SG Blocks are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Working Capital i.e., SG Blocks' Net Working Capital and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Working Capital
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from SG Blocks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SG Blocks 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SG Blocks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy SGBX Stock please use our
How to Invest in SG Blocks guide.
Selling General Administrative is likely to rise to about 16.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 375
K in 2024.
SG Blocks fundamental ratios Correlations
Click cells to compare fundamentals
SG Blocks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SG Blocks 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 SGBX Stock Analysis
When running SG Blocks' price analysis, check to
measure SG Blocks' 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 SG Blocks is operating at the current time. Most of SG Blocks' value examination focuses on studying past and present price action to
predict the probability of SG Blocks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SG Blocks' price. Additionally, you may evaluate how the addition of SG Blocks to your portfolios can decrease your overall portfolio volatility.