SIS Stock | | | 379.90 0.85 0.22% |
SIS financial indicator trend analysis is much more than just breaking down SIS LIMITED prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SIS LIMITED is a good investment. Please check the relationship between SIS Common Stock Shares Outstanding and its Other Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SIS LIMITED. 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.
Common Stock Shares Outstanding vs Other Current Assets
Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SIS LIMITED Common Stock Shares Outstanding account and
Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between SIS's Common Stock Shares Outstanding and Other Current Assets is 0.18. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of SIS LIMITED, assuming nothing else is changed. The correlation between historical values of SIS's Common Stock Shares Outstanding and Other 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 Common Stock Shares Outstanding of SIS LIMITED are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., SIS's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from SIS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SIS LIMITED 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 SIS LIMITED. 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.
The current year's
Tax Provision is expected to grow to about 859.7
M, whereas
Selling General Administrative is forecasted to decline to about 2
B.
SIS fundamental ratios Correlations
Click cells to compare fundamentals
SIS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SIS 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.
Other Information on Investing in SIS Stock
Balance Sheet is a snapshot of the
financial position of SIS LIMITED at a specified time, usually calculated after every quarter, six months, or one year. SIS Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SIS and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SIS currently owns. An asset can also be divided into two categories, current and non-current.