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 Total Current Assets and its Treasury Stock 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.
Total Current Assets vs Treasury Stock
Total Current Assets vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
State Street Corp Total Current Assets account and
Treasury Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between State Street's Total Current Assets and Treasury Stock is -0.34. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Treasury Stock 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 Total Current Assets and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of State Street Corp are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Total Current Assets i.e., State Street's Total Current Assets and Treasury Stock go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Treasury Stock
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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predict the probability of State Street's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move State Street's price. Additionally, you may evaluate how the addition of State Street to your portfolios can decrease your overall portfolio volatility.