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 Other Liab and its Non Current Assets Total 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.
Other Liab vs Non Current Assets Total
Other Liab vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spencers Retail Other Liab account and
Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Spencers Retail's Other Liab and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Non Current Assets Total 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 Other Liab and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Spencers Retail Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Liab i.e., Spencers Retail's Other Liab and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Liab
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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.