| 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 Minority Interest and its Interest Income 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.
Minority Interest vs Interest Income
Minority Interest vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
S P Apparels Minority Interest account and
Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between S P's Minority Interest and Interest Income is 0.49. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Interest Income 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 Minority Interest and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of S P Apparels are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Minority Interest i.e., S P's Minority Interest and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of S P Apparels whose combined shares represent less than 50% of the total outstanding shares issued by S P have a minority interest in S P.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
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
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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.