CARTRADE | | | 1,356 26.10 1.96% |
Cartrade Tech financial indicator trend analysis is way more than just evaluating Cartrade Tech Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cartrade Tech Limited is a good investment. Please check the relationship between Cartrade Tech Short Term Debt and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cartrade Tech Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Short Term Debt vs Other Stockholder Equity
Short Term Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cartrade Tech Limited Short Term Debt account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cartrade Tech's Short Term Debt and Other Stockholder Equity is 0.81. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Cartrade Tech Limited, assuming nothing else is changed. The correlation between historical values of Cartrade Tech's Short Term Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Cartrade Tech Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Debt i.e., Cartrade Tech's Short Term Debt and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Debt
Other Stockholder Equity
Most indicators from Cartrade Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cartrade Tech Limited 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 Cartrade Tech Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At present, Cartrade Tech's
Tax Provision is projected to decrease significantly based on the last few years of reporting.
Cartrade Tech fundamental ratios Correlations
Click cells to compare fundamentals
Cartrade Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cartrade Tech 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.
Other Information on Investing in Cartrade Stock
Balance Sheet is a snapshot of the
financial position of Cartrade Tech Limited at a specified time, usually calculated after every quarter, six months, or one year. Cartrade Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cartrade Tech 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 Cartrade currently owns. An asset can also be divided into two categories, current and non-current.