| STT Stock | | | USD 96.34 1.04 1.09% |
State Street financial indicator trend analysis is much more than just breaking down State Street Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Street Corp is a good investment. Please check the relationship between State Street Accounts Payable and its Retained Earnings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
State Street Corp Accounts Payable account and
Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between State Street's Accounts Payable and Retained Earnings is 0.04. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of State Street Corp, assuming nothing else is changed. The correlation between historical values of State Street's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of State Street Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., State Street's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.04 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents State Street obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of State Street Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
Most indicators from State Street's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into State Street Corp 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 State Street Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Sales General And Administrative To Revenue is likely to gain to 0.45 in 2024, whereas
Selling General Administrative is likely to drop slightly above 3
B in 2024.
State Street fundamental ratios Correlations
Click cells to compare fundamentals
State Street Account Relationship Matchups
High Positive Relationship
High Negative Relationship
State Street fundamental ratios Accounts
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Additional Tools for State Stock Analysis
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