TEP Stock | | | 1,850 20.00 1.09% |
Telecom Plus financial indicator trend analysis is much more than just breaking down Telecom Plus PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telecom Plus PLC is a good investment. Please check the relationship between Telecom Plus Short Term Debt and its Other Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Telecom Plus PLC. 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.
Short Term Debt vs Other Current Assets
Short Term Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Telecom Plus PLC Short Term Debt account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Telecom Plus' Short Term Debt and Other Current Assets is -0.61. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Telecom Plus PLC, assuming nothing else is changed. The correlation between historical values of Telecom Plus' Short Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Telecom Plus PLC are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Debt i.e., Telecom Plus' Short Term Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.61 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Short Term Debt
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Telecom Plus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telecom Plus 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, which includes a position in Telecom Plus PLC. 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.
At present, Telecom Plus'
Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 1.7
M, whereas
Tax Provision is forecasted to decline to about 15.6
M.
Telecom Plus fundamental ratios Correlations
Click cells to compare fundamentals
Telecom Plus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telecom Plus 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 Telecom Stock
Balance Sheet is a snapshot of the
financial position of Telecom Plus PLC at a specified time, usually calculated after every quarter, six months, or one year. Telecom Plus Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Telecom Plus 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 Telecom currently owns. An asset can also be divided into two categories, current and non-current.