TOUCHWOOD | | | 135.01 2.78 2.10% |
Touchwood Entertainment financial indicator trend analysis is much more than just breaking down Touchwood Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchwood Entertainment is a good investment. Please check the relationship between Touchwood Entertainment Investments and its Change In Working Capital accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Touchwood Entertainment Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Investments vs Change In Working Capital
Investments vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Touchwood Entertainment Investments account and
Change In Working Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Touchwood Entertainment's Investments and Change In Working Capital is 0.8. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Touchwood Entertainment Limited, assuming nothing else is changed. The correlation between historical values of Touchwood Entertainment's Investments and Change In Working 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 Investments of Touchwood Entertainment Limited are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Investments i.e., Touchwood Entertainment's Investments and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Touchwood Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchwood Entertainment 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 Touchwood Entertainment Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
As of the 29th of November 2024,
Selling General Administrative is likely to drop to about 23.5
M. In addition to that,
Tax Provision is likely to drop to about 8.7
MTouchwood Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
Touchwood Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Touchwood Entertainment fundamental ratios Accounts
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Other Information on Investing in Touchwood Stock
Balance Sheet is a snapshot of the
financial position of Touchwood Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Touchwood Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchwood Entertainment 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 Touchwood currently owns. An asset can also be divided into two categories, current and non-current.