Trainline Change To Inventory vs Other Non Cash Items Analysis
TRN Stock | 416.00 9.60 2.36% |
Trainline Plc financial indicator trend analysis is much more than just breaking down Trainline Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trainline Plc is a good investment. Please check the relationship between Trainline Plc Change To Inventory and its Other Non Cash Items accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trainline 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.
Change To Inventory vs Other Non Cash Items
Change To Inventory vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trainline Plc Change To Inventory account and Other Non Cash Items. At this time, the significance of the direction appears to have no relationship.
The correlation between Trainline Plc's Change To Inventory and Other Non Cash Items is 0.03. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Trainline Plc, assuming nothing else is changed. The correlation between historical values of Trainline Plc's Change To Inventory and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Trainline Plc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Inventory i.e., Trainline Plc's Change To Inventory and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Other Non Cash Items
Most indicators from Trainline Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trainline 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 Trainline 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, Trainline Plc's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 42.6M | 41.2M | 41.7M | 44.8M | Interest Income | 36K | 730K | 2.7M | 2.9M |
Trainline Plc fundamental ratios Correlations
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Trainline Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Trainline Stock
Balance Sheet is a snapshot of the financial position of Trainline Plc at a specified time, usually calculated after every quarter, six months, or one year. Trainline Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Trainline Plc 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 Trainline currently owns. An asset can also be divided into two categories, current and non-current.