GFS Stock | | | USD 42.85 1.26 2.86% |
Globalfoundries financial indicator trend analysis is much more than just examining Globalfoundries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globalfoundries is a good investment. Please check the relationship between Globalfoundries Ebitda and its Total Other Income Expense Net accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Globalfoundries Stock please use our
How to Invest in Globalfoundries guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Globalfoundries Ebitda account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Globalfoundries' Ebitda and Total Other Income Expense Net is 0.62. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Globalfoundries, assuming nothing else is changed. The correlation between historical values of Globalfoundries' Ebitda and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Globalfoundries are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Ebitda i.e., Globalfoundries' Ebitda and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Globalfoundries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globalfoundries 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Globalfoundries Stock please use our
How to Invest in Globalfoundries guide.At this time, Globalfoundries'
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 23.51 in 2024, whereas
Selling General Administrative is likely to drop slightly above 442.9
M in 2024.
When running Globalfoundries' price analysis, check to
measure Globalfoundries' 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 Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to
predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.