Champion Net Invested Capital vs Net Tangible Assets Analysis
WAGR Stock | 0.01 0.00 0.00% |
Champion Gaming financial indicator trend analysis is way more than just evaluating Champion Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Champion Gaming Group is a good investment. Please check the relationship between Champion Gaming Net Invested Capital and its Net Tangible Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area.
Net Invested Capital vs Net Tangible Assets
Net Invested Capital vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Champion Gaming Group Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Champion Gaming's Net Invested Capital and Net Tangible Assets is 0.67. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Champion Gaming Group, assuming nothing else is changed. The correlation between historical values of Champion Gaming's Net Invested Capital and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Champion Gaming Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Champion Gaming's Net Invested Capital and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Champion Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Champion Gaming Group 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area. Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is likely to drop to about 666.2 K in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8M | 1.1M | 641.1K | 1.0M | Total Revenue | 2.0M | 1.3M | 909.7K | 1.2M |
Champion Gaming fundamental ratios Correlations
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Champion Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Champion Gaming's price analysis, check to measure Champion Gaming'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 Champion Gaming is operating at the current time. Most of Champion Gaming's value examination focuses on studying past and present price action to predict the probability of Champion Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Gaming's price. Additionally, you may evaluate how the addition of Champion Gaming to your portfolios can decrease your overall portfolio volatility.