XSG Stock | | | 0.38 0.00 0.00% |
Xeros Technology financial indicator trend analysis is more than just analyzing Xeros Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xeros Technology is a good investment. Please check the relationship between Xeros Technology Common Stock Total Equity and its Inventory accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xeros Technology 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 bureau of economic analysis.
Common Stock Total Equity vs Inventory
Common Stock Total Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xeros Technology Common Stock Total Equity account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Xeros Technology's Common Stock Total Equity and Inventory is -0.45. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Xeros Technology Group, assuming nothing else is changed. The correlation between historical values of Xeros Technology's Common Stock Total Equity 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 Common Stock Total Equity of Xeros Technology 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 Common Stock Total Equity i.e., Xeros Technology's Common Stock Total Equity and Inventory go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Inventory
Most indicators from Xeros Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xeros Technology 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 Xeros Technology 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 bureau of economic analysis.
As of December 29, 2024,
Selling General Administrative is expected to decline to about 1.7
M. In addition to that,
Tax Provision is expected to decline to about (546
K)
Xeros Technology fundamental ratios Correlations
Click cells to compare fundamentals
Xeros Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xeros Technology fundamental ratios Accounts
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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.
Other Information on Investing in Xeros Stock
Balance Sheet is a snapshot of the
financial position of Xeros Technology at a specified time, usually calculated after every quarter, six months, or one year. Xeros Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xeros Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Xeros currently owns. An asset can also be divided into two categories, current and non-current.