| 0RD7 Stock | | | 69.53 1.33 1.95% |
Scandic Hotels financial indicator trend analysis is much more than just breaking down Scandic Hotels Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scandic Hotels Group is a good investment. Please check the relationship between Scandic Hotels Inventory and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandic Hotels 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 board of governors.
Inventory vs Cash
Inventory vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scandic Hotels Group Inventory account and
Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Scandic Hotels' Inventory and Cash is -0.57. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Scandic Hotels Group, assuming nothing else is changed. The correlation between historical values of Scandic Hotels' Inventory and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Scandic Hotels Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Scandic Hotels' Inventory and Cash go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory
Cash
Cash refers to the most liquid asset of Scandic Hotels Group, which is listed under current asset account on Scandic Hotels Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Scandic Hotels customers. The amounts must be unrestricted with restricted cash listed in a different Scandic Hotels account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Scandic Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scandic Hotels 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandic Hotels 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 board of governors.
Selling General Administrative is likely to gain to about 6
B in 2024, despite the fact that
Tax Provision is likely to grow to (111.2
M).
Scandic Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Scandic Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scandic Hotels fundamental ratios Accounts
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Additional Tools for Scandic Stock Analysis
When running Scandic Hotels' price analysis, check to
measure Scandic Hotels' 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 Scandic Hotels is operating at the current time. Most of Scandic Hotels' value examination focuses on studying past and present price action to
predict the probability of Scandic Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandic Hotels' price. Additionally, you may evaluate how the addition of Scandic Hotels to your portfolios can decrease your overall portfolio volatility.