BOL Stock | | | 1.38 0.01 0.72% |
Boom Logistics financial indicator trend analysis is way more than just evaluating Boom Logistics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boom Logistics is a good investment. Please check the relationship between Boom Logistics Common Stock Total Equity and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Boom Logistics. 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 Total Equity vs Property Plant And Equipment Net
Common Stock Total Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Boom Logistics Common Stock Total Equity account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have no relationship.
The correlation between Boom Logistics' Common Stock Total Equity and Property Plant And Equipment Net is 0.06. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Boom Logistics, assuming nothing else is changed. The correlation between historical values of Boom Logistics' Common Stock Total Equity and Property Plant And Equipment Net 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 Total Equity of Boom Logistics are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Common Stock Total Equity i.e., Boom Logistics' Common Stock Total Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Boom Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boom Logistics 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 Boom Logistics. 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 119.1
M in 2024
Boom Logistics fundamental ratios Correlations
Click cells to compare fundamentals
Boom Logistics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boom Logistics fundamental ratios Accounts
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Additional Tools for Boom Stock Analysis
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