TRACXN Stock | | | 60.16 0.24 0.40% |
Tracxn Technologies financial indicator trend analysis is much more than just breaking down Tracxn Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tracxn Technologies is a good investment. Please check the relationship between Tracxn Technologies Capital Expenditures and its Change In Cash accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tracxn Technologies 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 interest.
Capital Expenditures vs Change In Cash
Capital Expenditures vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tracxn Technologies Capital Expenditures account and
Change In Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Tracxn Technologies' Capital Expenditures and Change In Cash is 0.08. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Tracxn Technologies Limited, assuming nothing else is changed. The correlation between historical values of Tracxn Technologies' Capital Expenditures and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Tracxn Technologies Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Capital Expenditures i.e., Tracxn Technologies' Capital Expenditures and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Tracxn Technologies to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Tracxn Technologies operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Change In Cash
Most indicators from Tracxn Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tracxn Technologies 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 Tracxn Technologies 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 interest.
At present, Tracxn Technologies'
Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 4.3
M, whereas
Selling General Administrative is forecasted to decline to about 10.1
M.
Tracxn Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Tracxn Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tracxn Technologies fundamental ratios Accounts
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Other Information on Investing in Tracxn Stock
Balance Sheet is a snapshot of the
financial position of Tracxn Technologies at a specified time, usually calculated after every quarter, six months, or one year. Tracxn Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tracxn Technologies 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 Tracxn currently owns. An asset can also be divided into two categories, current and non-current.