900941 Stock | | | 0.42 0.02 4.55% |
Eastern Communications financial indicator trend analysis is much more than just examining Eastern Communications latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Communications is a good investment. Please check the relationship between Eastern Communications Cash and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Eastern Communications 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 nation.
Cash vs Long Term Investments
Cash vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastern Communications Cash account and
Long Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eastern Communications' Cash and Long Term Investments is -0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Eastern Communications Co, assuming nothing else is changed. The correlation between historical values of Eastern Communications' Cash and Long Term Investments 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 Eastern Communications Co are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Cash i.e., Eastern Communications' Cash and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Eastern Communications, which is listed under current asset account on Eastern Communications Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Eastern Communications customers. The amounts must be unrestricted with restricted cash listed in a different Eastern Communications 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.
Long Term Investments
Long Term Investments is an item on the asset side of Eastern Communications balance sheet that represents investments Eastern Communications intends to hold for over a year. Eastern Communications Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Eastern Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Communications 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 Eastern Communications 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 nation.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 31
M. In addition to that,
Tax Provision is expected to decline to about 15.1
MEastern Communications fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Communications fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Eastern Stock
Balance Sheet is a snapshot of the
financial position of Eastern Communications at a specified time, usually calculated after every quarter, six months, or one year. Eastern Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Communications 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.