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 Property Plant And Equipment Gross and its Total Current Assets 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.
Property Plant And Equipment Gross vs Total Current Assets
Property Plant And Equipment Gross vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoo Digital Group Property Plant And Equipment Gross account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zoo Digital's Property Plant And Equipment Gross and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Current Assets 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 Property Plant And Equipment Gross and Total Current 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 Property Plant And Equipment Gross of Zoo Digital Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant And Equipment Gross i.e., Zoo Digital's Property Plant And Equipment Gross and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Gross
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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
Also Currently Popular
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 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.