| VEV Stock | | | USD 0 0.0002 9.52% |
Vicinity financial indicator trend analysis is much more than just breaking down Vicinity Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vicinity Motor Corp is a good investment. Please check the relationship between Vicinity Non Current Assets Total and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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 income.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vicinity Motor Corp Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Vicinity's Non Current Assets Total and Accounts Payable is 0.36. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Vicinity Motor Corp, assuming nothing else is changed. The correlation between historical values of Vicinity's Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Vicinity Motor Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Vicinity's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Accounts Payable
An accounting item on the balance sheet that represents Vicinity obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Vicinity Motor Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Vicinity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vicinity Motor 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 Vicinity Motor 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 income.
At this time, Vicinity's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas
Tax Provision is likely to drop 0.00 in 2024.
Vicinity fundamental ratios Correlations
Click cells to compare fundamentals
Vicinity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vicinity fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Vicinity Stock Analysis
When running Vicinity's price analysis, check to
measure Vicinity'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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to
predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.