UMAX Cash vs Total Liab Analysis
| UMAX Stock | USD 0.0001 0.00 0.00% |
UMAX Group financial indicator trend analysis is much more than just breaking down UMAX Group Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UMAX Group Corp is a good investment. Please check the relationship between UMAX Group Cash and its Total Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UMAX Group Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UMAX Group Corp Cash account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between UMAX Group's Cash and Total Liab is -0.46. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of UMAX Group Corp, assuming nothing else is changed. The correlation between historical values of UMAX Group's Cash and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of UMAX Group Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., UMAX Group's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.46 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of UMAX Group Corp, which is listed under current asset account on UMAX Group Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from UMAX Group customers. The amounts must be unrestricted with restricted cash listed in a different UMAX Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from UMAX Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UMAX Group Corp 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 UMAX Group Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Sales General And Administrative To Revenue is likely to rise to 37.81 in 2024, whereas Selling General Administrative is likely to drop slightly above 57.8 K in 2024.
UMAX Group fundamental ratios Correlations
Click cells to compare fundamentals
UMAX Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
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.Additional Tools for UMAX Stock Analysis
When running UMAX Group's price analysis, check to measure UMAX Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UMAX Group is operating at the current time. Most of UMAX Group's value examination focuses on studying past and present price action to predict the probability of UMAX Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UMAX Group's price. Additionally, you may evaluate how the addition of UMAX Group to your portfolios can decrease your overall portfolio volatility.