601658 Stock | | | 5.31 0.03 0.56% |
Postal Savings financial indicator trend analysis is much more than just breaking down Postal Savings Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Postal Savings Bank is a good investment. Please check the relationship between Postal Savings Cash and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Postal Savings Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Cash vs Other Assets
Cash vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Postal Savings Bank Cash account and
Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Postal Savings' Cash and Other Assets is -0.12. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Assets in the same time period over historical financial statements of Postal Savings Bank, assuming nothing else is changed. The correlation between historical values of Postal Savings' Cash and Other 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 Cash of Postal Savings Bank are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash i.e., Postal Savings' Cash and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Postal Savings Bank, which is listed under current asset account on Postal Savings Bank balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Postal Savings customers. The amounts must be unrestricted with restricted cash listed in a different Postal Savings 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.
Other Assets
Most indicators from Postal Savings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Postal Savings Bank 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 Postal Savings Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 29, 2024,
Tax Provision is expected to decline to about 4.2
B. In addition to that,
Selling General Administrative is expected to decline to about 33.2
MPostal Savings fundamental ratios Correlations
Click cells to compare fundamentals
Postal Savings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Postal Savings fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Postal Stock
Balance Sheet is a snapshot of the
financial position of Postal Savings Bank at a specified time, usually calculated after every quarter, six months, or one year. Postal Savings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Postal Savings 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 Postal currently owns. An asset can also be divided into two categories, current and non-current.