| 0QI7 Stock | | | 306.30 3.20 1.03% |
Addtech financial indicator trend analysis is way more than just evaluating Addtech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addtech is a good investment. Please check the relationship between Addtech Change To Account Receivables and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Addtech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Change To Account Receivables vs Free Cash Flow
Change To Account Receivables vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Addtech Change To Account Receivables account and
Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Addtech's Change To Account Receivables and Free Cash Flow is 0.12. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Addtech, assuming nothing else is changed. The correlation between historical values of Addtech's Change To Account Receivables and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Addtech are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Account Receivables i.e., Addtech's Change To Account Receivables and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.12 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Change To Account Receivables
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Addtech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Addtech 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Addtech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 1
B in 2024, whereas
Tax Provision is likely to drop slightly above 198.4
M in 2024.
Addtech fundamental ratios Correlations
Click cells to compare fundamentals
Addtech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addtech 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.
Additional Tools for Addtech Stock Analysis
When running Addtech's price analysis, check to
measure Addtech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Addtech is operating at the current time. Most of Addtech's value examination focuses on studying past and present price action to
predict the probability of Addtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addtech's price. Additionally, you may evaluate how the addition of Addtech to your portfolios can decrease your overall portfolio volatility.