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 Retained Earnings and its Property Plant And Equipment Gross 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.
Retained Earnings vs Property Plant And Equipment Gross
Retained Earnings vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Boom Logistics Retained Earnings account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Boom Logistics' Retained Earnings and Property Plant And Equipment Gross is -0.04. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Gross 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' Retained Earnings and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Boom Logistics are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Retained Earnings i.e., Boom Logistics' Retained Earnings and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Property Plant And Equipment Gross
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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