CGF Stock | | | 5.89 0.09 1.51% |
Challenger financial indicator trend analysis is way more than just evaluating Challenger prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Challenger is a good investment. Please check the relationship between Challenger Total Stockholder 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 Challenger. 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.
Total Stockholder Equity vs Property Plant And Equipment Net
Total Stockholder 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
Challenger Total Stockholder Equity account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Challenger's Total Stockholder Equity and Property Plant And Equipment Net is -0.19. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Challenger, assuming nothing else is changed. The correlation between historical values of Challenger's Total Stockholder 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 Total Stockholder Equity of Challenger 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 Total Stockholder Equity i.e., Challenger's Total Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Challenger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Challenger 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 Challenger. 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.
At this time, Challenger's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 68
M in 2024, whereas
Discontinued Operations is likely to drop (7.6
M) in 2024.
Challenger fundamental ratios Correlations
Click cells to compare fundamentals
Challenger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Challenger fundamental ratios Accounts
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Additional Tools for Challenger Stock Analysis
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measure Challenger'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 Challenger is operating at the current time. Most of Challenger's value examination focuses on studying past and present price action to
predict the probability of Challenger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Challenger's price. Additionally, you may evaluate how the addition of Challenger to your portfolios can decrease your overall portfolio volatility.