ZOO Stock | | | 37.00 1.50 4.23% |
Zoo Digital financial indicator trend analysis is more than just analyzing Zoo Digital Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoo Digital Group is a good investment. Please check the relationship between Zoo Digital Non Current Liabilities Total and its Current Deferred Revenue accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoo Digital 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.
Non Current Liabilities Total vs Current Deferred Revenue
Non Current Liabilities Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoo Digital Group Non Current Liabilities Total account and
Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.
The correlation between Zoo Digital's Non Current Liabilities Total and Current Deferred Revenue is 0.08. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Zoo Digital Group, assuming nothing else is changed. The correlation between historical values of Zoo Digital's Non Current Liabilities Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Zoo Digital Group are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Non Current Liabilities Total i.e., Zoo Digital's Non Current Liabilities Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Zoo Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoo Digital 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 Zoo Digital 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, Zoo Digital's
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Zoo Digital fundamental ratios Correlations
Click cells to compare fundamentals
Zoo Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoo Digital fundamental ratios Accounts
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Other Information on Investing in Zoo Stock
Balance Sheet is a snapshot of the
financial position of Zoo Digital Group at a specified time, usually calculated after every quarter, six months, or one year. Zoo Digital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zoo Digital 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 Zoo currently owns. An asset can also be divided into two categories, current and non-current.