SVT Stock | | | USD 11.43 0.02 0.17% |
Servotronics financial indicator trend analysis is much more than just breaking down Servotronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Servotronics is a good investment. Please check the relationship between Servotronics Total Assets and its Net Invested Capital accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Servotronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Servotronics Stock please use our
How to Invest in Servotronics guide.
Total Assets vs Net Invested Capital
Total Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Servotronics Total Assets account and
Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Servotronics' Total Assets and Net Invested Capital is 0.68. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Servotronics, assuming nothing else is changed. The correlation between historical values of Servotronics' Total Assets and Net Invested Capital 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 Assets of Servotronics are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., Servotronics' Total Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Servotronics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Servotronics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Servotronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Servotronics 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 Servotronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Servotronics Stock please use our
How to Invest in Servotronics guide.At this time, Servotronics'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 1.2
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
Servotronics fundamental ratios Correlations
Click cells to compare fundamentals
Servotronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Servotronics fundamental ratios Accounts
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Additional Tools for Servotronics Stock Analysis
When running Servotronics' price analysis, check to
measure Servotronics' 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 Servotronics is operating at the current time. Most of Servotronics' value examination focuses on studying past and present price action to
predict the probability of Servotronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Servotronics' price. Additionally, you may evaluate how the addition of Servotronics to your portfolios can decrease your overall portfolio volatility.