STM Stock | | | 61.50 0.00 0.00% |
STM Group financial indicator trend analysis is much more than just breaking down STM Group Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STM Group Plc is a good investment. Please check the relationship between STM Group Retained Earnings and its Common Stock Total Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Retained Earnings vs Common Stock Total Equity
Retained Earnings vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
STM Group Plc Retained Earnings account and
Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between STM Group's Retained Earnings and Common Stock Total Equity is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of STM Group Plc, assuming nothing else is changed. The correlation between historical values of STM Group's Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of STM Group Plc are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., STM Group's Retained Earnings and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from STM Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STM Group Plc 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 16.5
M, whereas
Tax Provision is forecasted to decline to about 23.8
K.
STM Group fundamental ratios Correlations
Click cells to compare fundamentals
STM Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
STM Group 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.
Other Information on Investing in STM Stock
Balance Sheet is a snapshot of the
financial position of STM Group Plc at a specified time, usually calculated after every quarter, six months, or one year. STM Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of STM Group 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 STM currently owns. An asset can also be divided into two categories, current and non-current.