AN3PJ Stock | | | 103.68 0.37 0.36% |
ANZ Group financial indicator trend analysis is way more than just evaluating ANZ Group Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ANZ Group Holdings is a good investment. Please check the relationship between ANZ Group Selling General Administrative and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ANZ Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ANZ Group Holdings Selling General Administrative account and
Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ANZ Group's Selling General Administrative and Depreciation And Amortization is 0.49. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of ANZ Group Holdings, assuming nothing else is changed. The correlation between historical values of ANZ Group's Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of ANZ Group Holdings are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., ANZ Group's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Selling General Administrative
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from ANZ Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ANZ Group Holdings 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 ANZ Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
The current year's Selling General Administrative is expected to grow to about 808.5
M, whereas
Tax Provision is forecasted to decline to about 2.9
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 8.7B | 33.3B | 44.6B | 46.8B | Depreciation And Amortization | 1.0B | 923M | 926M | 564.2M |
ANZ Group fundamental ratios Correlations
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ANZ Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ANZ Group fundamental ratios Accounts
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Other Information on Investing in ANZ Stock
Balance Sheet is a snapshot of the
financial position of ANZ Group Holdings at a specified time, usually calculated after every quarter, six months, or one year. ANZ Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ANZ Group 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 ANZ currently owns. An asset can also be divided into two categories, current and non-current.