Digjam Net Borrowings vs Change To Liabilities 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 Net Borrowings and its Change To Liabilities 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.
Net Borrowings vs Change To Liabilities
Net Borrowings vs Change To Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digjam Limited Net Borrowings account and Change To Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Digjam's Net Borrowings and Change To Liabilities is 0.85. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Liabilities 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 Net Borrowings and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Digjam Limited are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Net Borrowings i.e., Digjam's Net Borrowings and Change To Liabilities go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Change To Liabilities
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.