Digjam Change To Account Receivables vs Change To Inventory Analysis
DIGJAMLMTD | 89.71 3.20 3.70% |
Digjam financial indicator trend analysis is much more than just examining Digjam Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digjam Limited is a good investment. Please check the relationship between Digjam Change To Account Receivables and its Change To Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digjam 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 nation.
Change To Account Receivables vs Change To Inventory
Change To Account Receivables vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digjam Limited Change To Account Receivables account and Change To Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Digjam's Change To Account Receivables and Change To Inventory is 0.64. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Digjam Limited, assuming nothing else is changed. The correlation between historical values of Digjam's Change To Account Receivables and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Digjam Limited are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Change To Account Receivables i.e., Digjam's Change To Account Receivables and Change To Inventory go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Change To Account Receivables
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most indicators from Digjam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digjam 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digjam 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 nation. The value of Selling General Administrative is expected to slide to about 4.7 M
Digjam fundamental ratios Correlations
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Digjam Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Digjam Stock
Balance Sheet is a snapshot of the financial position of Digjam Limited at a specified time, usually calculated after every quarter, six months, or one year. Digjam Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Digjam 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 Digjam currently owns. An asset can also be divided into two categories, current and non-current.