TCI Stock | | | 1,061 16.85 1.56% |
Transport financial indicator trend analysis is much more than just breaking down Transport prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transport is a good investment. Please check the relationship between Transport Common Stock and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Transport of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Common Stock vs Total Current Liabilities
Common Stock vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transport Common Stock account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Transport's Common Stock and Total Current Liabilities is 0.39. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Transport of, assuming nothing else is changed. The correlation between historical values of Transport's Common Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Transport of are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock i.e., Transport's Common Stock and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock
Total Current Liabilities
Total Current Liabilities is an item on Transport balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Transport of are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transport 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 Transport of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Discontinued Operations is expected to grow to about 375.5
M, whereas
Selling General Administrative is forecasted to decline to about 207.1
M.
Transport fundamental ratios Correlations
Click cells to compare fundamentals
Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transport fundamental ratios Accounts
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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 Transport Stock
Balance Sheet is a snapshot of the
financial position of Transport at a specified time, usually calculated after every quarter, six months, or one year. Transport Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Transport 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 Transport currently owns. An asset can also be divided into two categories, current and non-current.