BTN Stock | | | 0.07 0.00 0.00% |
Butn financial indicator trend analysis is way more than just evaluating Butn prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Butn is a good investment. Please check the relationship between Butn Property Plant And Equipment Net and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Butn. 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.
Property Plant And Equipment Net vs Net Tangible Assets
Property Plant And Equipment Net vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Butn Property Plant And Equipment Net account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Butn's Property Plant And Equipment Net and Net Tangible Assets is -0.65. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Butn, assuming nothing else is changed. The correlation between historical values of Butn's Property Plant And Equipment Net and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Butn are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Property Plant And Equipment Net i.e., Butn's Property Plant And Equipment Net and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Butn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Butn 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 Butn. 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.
Issuance Of Capital Stock is likely to gain to about 7.5
M in 2024, whereas
Tax Provision is likely to drop
(602.70) in 2024.
Butn fundamental ratios Correlations
Click cells to compare fundamentals
Butn Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Butn fundamental ratios Accounts
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Additional Tools for Butn Stock Analysis
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