Trainline Good Will vs Non Current Assets Total 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 Good Will and its Non Current Assets Total 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.
Good Will vs Non Current Assets Total
Good Will vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trainline Plc Good Will account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Trainline Plc's Good Will and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Current Assets Total 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 Good Will and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Trainline Plc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Good Will i.e., Trainline Plc's Good Will and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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.