X Stock | | | USD 39.56 0.95 2.35% |
United States financial indicator trend analysis is much more than just breaking down United States Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United States Steel is a good investment. Please check the relationship between United States Cash and its Non Current Assets Total accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
United States Steel Cash account and
Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between United States' Cash and Non Current Assets Total is 0.54. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of United States Steel, assuming nothing else is changed. The correlation between historical values of United States' Cash 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 Cash of United States Steel 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 Cash i.e., United States' Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of United States Steel, which is listed under current asset account on United States Steel balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from United States customers. The amounts must be unrestricted with restricted cash listed in a different United States 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.
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 United States' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United States Steel 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 United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Sales General And Administrative To Revenue is likely to rise to 0.04 in 2024, whereas
Selling General Administrative is likely to drop slightly above 388.3
M in 2024.
United States fundamental ratios Correlations
Click cells to compare fundamentals
United States Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United States fundamental ratios Accounts
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