| FRGT Stock | | | USD 1.47 0.03 2.08% |
Freight Technologies financial indicator trend analysis is much more than just examining Freight Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freight Technologies is a good investment. Please check the relationship between Freight Technologies Common Stock Shares Outstanding and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Freight Stock please use our
How to Invest in Freight Technologies guide.
Common Stock Shares Outstanding vs Total Assets
Common Stock Shares Outstanding vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Freight Technologies Common Stock Shares Outstanding account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Freight Technologies' Common Stock Shares Outstanding and Total Assets is -0.11. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Assets in the same time period over historical financial statements of Freight Technologies, assuming nothing else is changed. The correlation between historical values of Freight Technologies' Common Stock Shares Outstanding and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Freight Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Freight Technologies' Common Stock Shares Outstanding and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Total Assets
Total assets refers to the total amount of Freight Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Freight Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Freight Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freight Technologies 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 Freight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Freight Stock please use our
How to Invest in Freight Technologies guide.At this time, Freight Technologies'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 110.2
K in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Freight Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Freight Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freight Technologies fundamental ratios Accounts
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Additional Tools for Freight Stock Analysis
When running Freight Technologies' price analysis, check to
measure Freight Technologies' 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 Freight Technologies is operating at the current time. Most of Freight Technologies' value examination focuses on studying past and present price action to
predict the probability of Freight Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freight Technologies' price. Additionally, you may evaluate how the addition of Freight Technologies to your portfolios can decrease your overall portfolio volatility.