SPENCERS | | | 85.77 1.87 2.23% |
Spencers Retail financial indicator trend analysis is much more than just breaking down Spencers Retail prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spencers Retail is a good investment. Please check the relationship between Spencers Retail Common Stock Shares Outstanding and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spencers Retail 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 main economic indicators.
Common Stock Shares Outstanding vs Total Current Liabilities
Common Stock Shares Outstanding vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spencers Retail Common Stock Shares Outstanding account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Spencers Retail's Common Stock Shares Outstanding and Total Current Liabilities is 0.91. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Spencers Retail Limited, assuming nothing else is changed. The correlation between historical values of Spencers Retail's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Spencers Retail Limited 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 Common Stock Shares Outstanding i.e., Spencers Retail's Common Stock Shares Outstanding and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Total Current Liabilities
Total Current Liabilities is an item on Spencers Retail balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Spencers Retail Limited 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 Spencers Retail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spencers Retail 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 Spencers Retail 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 main economic indicators.
As of 11/27/2024,
Selling General Administrative is likely to drop to about 134.1
M. In addition to that,
Tax Provision is likely to grow to about (3.4
M)
Spencers Retail fundamental ratios Correlations
Click cells to compare fundamentals
Spencers Retail Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spencers Retail fundamental ratios Accounts
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Additional Tools for Spencers Stock Analysis
When running Spencers Retail's price analysis, check to
measure Spencers Retail'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 Spencers Retail is operating at the current time. Most of Spencers Retail's value examination focuses on studying past and present price action to
predict the probability of Spencers Retail's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spencers Retail's price. Additionally, you may evaluate how the addition of Spencers Retail to your portfolios can decrease your overall portfolio volatility.