FTAIN Stock | | | USD 25.92 0.17 0.66% |
Fortress Transportation financial indicator trend analysis is much more than just examining Fortress Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortress Transportation is a good investment. Please check the relationship between Fortress Transportation Total Stockholder Equity and its Other Current Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transportation and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Total Stockholder Equity vs Other Current Assets
Total Stockholder Equity vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fortress Transportation Total Stockholder Equity account and
Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Fortress Transportation's Total Stockholder Equity and Other Current Assets is 0.26. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Fortress Transportation and, assuming nothing else is changed. The correlation between historical values of Fortress Transportation's Total Stockholder Equity and Other Current 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 Total Stockholder Equity of Fortress Transportation and are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., Fortress Transportation's Total Stockholder Equity and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Fortress Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortress Transportation 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 Fortress Transportation and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
As of the 2nd of March 2025,
Enterprise Value is likely to grow to about 6.7
B, while
Selling General Administrative is likely to drop about 13.5
M.
Fortress Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Fortress Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortress Transportation fundamental ratios Accounts
Other Information on Investing in Fortress Stock
Balance Sheet is a snapshot of the
financial position of Fortress Transportation at a specified time, usually calculated after every quarter, six months, or one year. Fortress Transportation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fortress Transportation 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 Fortress currently owns. An asset can also be divided into two categories, current and non-current.