Victura Other Assets vs Inventory Analysis
Victura Construction financial indicator trend analysis is much more than just breaking down Victura Construction prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Victura Construction is a good investment. Please check the relationship between Victura Construction Other Assets and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Victura Construction Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Other Assets vs Inventory
Other Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Victura Construction Other Assets account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Victura Construction's Other Assets and Inventory is -0.33. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Victura Construction Group, assuming nothing else is changed. The correlation between historical values of Victura Construction's Other Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Victura Construction Group are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Assets i.e., Victura Construction's Other Assets and Inventory go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Assets
Inventory
Most indicators from Victura Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Victura Construction 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 Victura Construction Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. Selling General Administrative is likely to drop to about 838.1 K in 2024
2010 | 2011 | 2023 | 2024 (projected) | Gross Profit | 113.0K | 1.3M | 1.5M | 1.6M | Total Revenue | 229.0K | 7.4M | 8.5M | 8.9M |
Victura Construction fundamental ratios Correlations
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Victura Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Victura Stock Analysis
When running Victura Construction's price analysis, check to measure Victura Construction'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 Victura Construction is operating at the current time. Most of Victura Construction's value examination focuses on studying past and present price action to predict the probability of Victura Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victura Construction's price. Additionally, you may evaluate how the addition of Victura Construction to your portfolios can decrease your overall portfolio volatility.