| SPAL Stock | | | 888.50 52.60 6.29% |
S P financial indicator trend analysis is much more than just breaking down S P Apparels prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether S P Apparels is a good investment. Please check the relationship between S P Good Will and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in S P Apparels. 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.
Good Will vs Total Current Liabilities
Good Will vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
S P Apparels Good Will account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between S P's Good Will and Total Current Liabilities is 0.56. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of S P Apparels, assuming nothing else is changed. The correlation between historical values of S P's Good Will and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of S P Apparels are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Good Will i.e., S P's Good Will and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Total Current Liabilities
Total Current Liabilities is an item on S P balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of S P Apparels are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from S P's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into S P Apparels 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 S P Apparels. 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 2.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 267.4
M in 2024.
S P fundamental ratios Correlations
Click cells to compare fundamentals
S P Account Relationship Matchups
High Positive Relationship
High Negative Relationship
S P fundamental ratios Accounts
Also Currently Popular
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 SPAL Stock Analysis
When running S P's price analysis, check to
measure S P'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 S P is operating at the current time. Most of S P's value examination focuses on studying past and present price action to
predict the probability of S P's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move S P's price. Additionally, you may evaluate how the addition of S P to your portfolios can decrease your overall portfolio volatility.