Zinc Cash And Short Term Investments vs Inventory Analysis
ZIN Stock | 57.00 4.00 6.56% |
Zinc Media financial indicator trend analysis is more than just analyzing Zinc Media Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zinc Media Group is a good investment. Please check the relationship between Zinc Media Cash And Short Term Investments and its Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zinc Media 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.
Cash And Short Term Investments vs Inventory
Cash And Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zinc Media Group Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Zinc Media's Cash And Short Term Investments and Inventory is -0.71. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Zinc Media Group, assuming nothing else is changed. The correlation between historical values of Zinc Media's Cash And Short Term Investments 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 Cash And Short Term Investments of Zinc Media 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 Cash And Short Term Investments i.e., Zinc Media's Cash And Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | -0.71 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Zinc Media Group balance sheet. This account contains Zinc Media investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Zinc Media Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Inventory
Most indicators from Zinc Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zinc Media 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 Zinc Media 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. At present, Zinc Media's Tax Provision is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 241K | 390K | 776K | 814.8K | Depreciation And Amortization | 1.5M | 1.7M | 1.9M | 1.6M |
Zinc Media fundamental ratios Correlations
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Zinc Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Zinc Stock
Balance Sheet is a snapshot of the financial position of Zinc Media Group at a specified time, usually calculated after every quarter, six months, or one year. Zinc Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zinc Media 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 Zinc currently owns. An asset can also be divided into two categories, current and non-current.