0R0E Stock | | | 52.70 0.90 1.74% |
General Motors financial indicator trend analysis is much more than just examining General Motors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether General Motors is a good investment. Please check the relationship between General Motors Total Current Assets and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in General Motors Co. 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.
For more information on how to buy General Stock please use our
How to Invest in General Motors guide.
Total Current Assets vs Other Current Assets
Total Current Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
General Motors Total Current Assets account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between General Motors' Total Current Assets and Other Current Assets is -0.54. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of General Motors Co, assuming nothing else is changed. The correlation between historical values of General Motors' Total Current Assets and Other 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 Total Current Assets of General Motors Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., General Motors' Total Current Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from General Motors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into General Motors 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 General Motors Co. 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.
For more information on how to buy General Stock please use our
How to Invest in General Motors guide.
Tax Provision is likely to drop to about 1.6
B in 2024.
Selling General Administrative is likely to drop to about 6.5
B in 2024
General Motors fundamental ratios Correlations
Click cells to compare fundamentals
General Motors Account Relationship Matchups
High Positive Relationship
High Negative Relationship
General Motors fundamental ratios Accounts
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Additional Tools for General Stock Analysis
When running General Motors' price analysis, check to
measure General Motors' 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 General Motors is operating at the current time. Most of General Motors' value examination focuses on studying past and present price action to
predict the probability of General Motors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Motors' price. Additionally, you may evaluate how the addition of General Motors to your portfolios can decrease your overall portfolio volatility.