| 0RD7 Stock | | | 68.25 1.30 1.87% |
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 Total Assets and its Selling General Administrative 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.
Total Assets vs Selling General Administrative
Total Assets vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scandic Hotels Group Total Assets account and
Selling General Administrative. At this time, the significance of the direction appears to have pay attention.
The correlation between Scandic Hotels' Total Assets and Selling General Administrative is -0.76. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Selling General Administrative 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' Total Assets and Selling General Administrative 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 Assets of Scandic Hotels Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Assets i.e., Scandic Hotels' Total Assets and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.76 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Scandic Hotels assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Scandic Hotels Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Selling General Administrative
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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