Digjam Other Current Liab vs Cash And Short Term Investments Analysis

DIGJAMLMTD   88.84  3.73  4.38%   
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 Other Current Liab and its Cash And Short Term Investments 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.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digjam Limited Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Digjam's Other Current Liab and Cash And Short Term Investments is -0.26. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments 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 Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Digjam Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Digjam's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Digjam Limited balance sheet. This account contains Digjam investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Digjam Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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

-0.630.05-0.05-0.56-0.41-0.51-0.360.060.42-0.71-0.14-0.560.09-0.04-0.14-0.470.59-0.710.1-0.51-0.31-0.7-0.56-0.5-0.67
-0.63-0.07-0.150.670.810.930.57-0.05-0.290.95-0.360.98-0.270.5-0.360.73-0.730.93-0.560.820.30.860.650.840.93
0.05-0.070.70.51-0.590.03-0.271.0-0.69-0.07-0.340.050.04-0.64-0.34-0.460.56-0.14-0.36-0.550.88-0.370.54-0.580.02
-0.05-0.150.70.56-0.59-0.09-0.450.7-0.74-0.07-0.26-0.020.23-0.29-0.26-0.50.27-0.29-0.2-0.350.76-0.460.48-0.510.03
-0.560.670.510.560.180.690.070.51-0.870.75-0.370.74-0.140.05-0.370.13-0.410.52-0.550.360.840.340.940.280.82
-0.410.81-0.59-0.590.180.710.7-0.570.250.76-0.220.72-0.250.75-0.220.89-0.80.81-0.350.92-0.30.890.130.960.69
-0.510.930.03-0.090.690.710.590.04-0.40.92-0.30.95-0.560.44-0.30.53-0.680.8-0.480.760.360.70.740.760.92
-0.360.57-0.27-0.450.070.70.59-0.250.250.51-0.350.52-0.420.47-0.350.72-0.370.54-0.410.62-0.180.60.060.560.43
0.06-0.051.00.70.51-0.570.04-0.25-0.67-0.07-0.380.070.06-0.61-0.38-0.440.57-0.14-0.39-0.540.87-0.370.53-0.570.02
0.42-0.29-0.69-0.74-0.870.25-0.40.25-0.67-0.430.05-0.390.210.330.050.330.12-0.180.20.04-0.90.03-0.90.09-0.53
-0.710.95-0.07-0.070.750.760.920.51-0.07-0.43-0.240.93-0.370.45-0.240.63-0.810.88-0.470.830.330.820.720.820.99
-0.14-0.36-0.34-0.26-0.37-0.22-0.3-0.35-0.380.05-0.24-0.43-0.28-0.381.0-0.39-0.1-0.20.94-0.2-0.34-0.1-0.17-0.06-0.26
-0.560.980.05-0.020.740.720.950.520.07-0.390.93-0.43-0.280.5-0.430.62-0.670.86-0.620.770.410.740.730.770.93
0.09-0.270.040.23-0.14-0.25-0.56-0.420.060.21-0.37-0.28-0.28-0.04-0.280.060.33-0.21-0.21-0.270.0-0.18-0.34-0.32-0.37
-0.040.5-0.64-0.290.050.750.440.47-0.610.330.45-0.380.5-0.04-0.380.63-0.680.34-0.360.83-0.380.43-0.080.720.41
-0.14-0.36-0.34-0.26-0.37-0.22-0.3-0.35-0.380.05-0.241.0-0.43-0.28-0.38-0.39-0.1-0.20.94-0.2-0.34-0.1-0.17-0.06-0.26
-0.470.73-0.46-0.50.130.890.530.72-0.440.330.63-0.390.620.060.63-0.39-0.560.77-0.510.76-0.240.860.010.780.54
0.59-0.730.560.27-0.41-0.8-0.68-0.370.570.12-0.81-0.1-0.670.33-0.68-0.1-0.56-0.670.07-0.920.13-0.73-0.38-0.91-0.78
-0.710.93-0.14-0.290.520.810.80.54-0.14-0.180.88-0.20.86-0.210.34-0.20.77-0.67-0.390.720.180.960.530.830.85
0.1-0.56-0.36-0.2-0.55-0.35-0.48-0.41-0.390.2-0.470.94-0.62-0.21-0.360.94-0.510.07-0.39-0.34-0.45-0.29-0.36-0.22-0.47
-0.510.82-0.55-0.350.360.920.760.62-0.540.040.83-0.20.77-0.270.83-0.20.76-0.920.72-0.34-0.160.780.30.940.78
-0.310.30.880.760.84-0.30.36-0.180.87-0.90.33-0.340.410.0-0.38-0.34-0.240.130.18-0.45-0.16-0.060.84-0.220.42
-0.70.86-0.37-0.460.340.890.70.6-0.370.030.82-0.10.74-0.180.43-0.10.86-0.730.96-0.290.78-0.060.320.880.76
-0.560.650.540.480.940.130.740.060.53-0.90.72-0.170.73-0.34-0.08-0.170.01-0.380.53-0.360.30.840.320.280.79
-0.50.84-0.58-0.510.280.960.760.56-0.570.090.82-0.060.77-0.320.72-0.060.78-0.910.83-0.220.94-0.220.880.280.77
-0.670.930.020.030.820.690.920.430.02-0.530.99-0.260.93-0.370.41-0.260.54-0.780.85-0.470.780.420.760.790.77
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Digjam Account Relationship Matchups

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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.