AUTO Stock | | | 839.00 6.60 0.78% |
Auto Trader financial indicator trend analysis is way more than just evaluating Auto Trader Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auto Trader Group is a good investment. Please check the relationship between Auto Trader Common Stock and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Auto Trader 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.
Common Stock vs Short Term Investments
Common Stock vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Auto Trader Group Common Stock account and
Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Auto Trader's Common Stock and Short Term Investments is 0.08. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Auto Trader Group, assuming nothing else is changed. The correlation between historical values of Auto Trader's Common Stock and Short 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 Common Stock of Auto Trader Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., Auto Trader's Common Stock and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock
Short Term Investments
Short Term Investments is an item under the current assets section of Auto Trader balance sheet. It contains any investments Auto Trader Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Auto Trader Group can easily liquidate in the marketplace.
Most indicators from Auto Trader's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auto Trader 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 Auto Trader 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 drop to about 40.8
M in 2024.
Tax Provision is likely to drop to about 55.4
M in 2024
Auto Trader fundamental ratios Correlations
Click cells to compare fundamentals
Auto Trader Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auto Trader 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.
Additional Tools for Auto Stock Analysis
When running Auto Trader's price analysis, check to
measure Auto Trader's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Auto Trader is operating at the current time. Most of Auto Trader's value examination focuses on studying past and present price action to
predict the probability of Auto Trader's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auto Trader's price. Additionally, you may evaluate how the addition of Auto Trader to your portfolios can decrease your overall portfolio volatility.