20MICRONS | | | 254.51 1.51 0.59% |
20 Microns financial indicator trend analysis is way more than just evaluating 20 Microns Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 20 Microns Limited is a good investment. Please check the relationship between 20 Microns Cash And Short Term Investments and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 20 Microns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Cash And Short Term Investments vs Inventory
Cash And Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
20 Microns Limited Cash And Short Term Investments account and
Inventory. At this time, the significance of the direction appears to have weak relationship.
The correlation between 20 Microns' Cash And Short Term Investments and Inventory is 0.3. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of 20 Microns Limited, assuming nothing else is changed. The correlation between historical values of 20 Microns' Cash And Short Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of 20 Microns Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., 20 Microns' Cash And Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of 20 Microns Limited balance sheet. This account contains 20 Microns investments that will expire within one year. These investments include stocks and bonds that can be liquidated by 20 Microns Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Inventory
Most indicators from 20 Microns' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 20 Microns Limited 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 20 Microns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
As of the 14th of December 2024,
Selling General Administrative is likely to drop to about 80.9
M. In addition to that,
Tax Provision is likely to drop to about 120
M20 Microns fundamental ratios Correlations
Click cells to compare fundamentals
20 Microns Account Relationship Matchups
High Positive Relationship
High Negative Relationship
20 Microns fundamental ratios Accounts
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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 20MICRONS Stock
Balance Sheet is a snapshot of the
financial position of 20 Microns Limited at a specified time, usually calculated after every quarter, six months, or one year. 20 Microns Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 20 Microns 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 20MICRONS currently owns. An asset can also be divided into two categories, current and non-current.