| GLBS Stock | | | USD 1.26 0.08 5.97% |
Globus Maritime financial indicator trend analysis is much more than just examining Globus Maritime latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globus Maritime is a good investment. Please check the relationship between Globus Maritime Depreciation and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Globus Stock please use our
How to Invest in Globus Maritime guide.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Globus Maritime Depreciation account and
Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Globus Maritime's Depreciation and Net Income is 0.18. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Globus Maritime, assuming nothing else is changed. The correlation between historical values of Globus Maritime's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Globus Maritime are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Globus Maritime's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.18 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Globus Maritime value has been used up. For tax purposes Globus Maritime can deduct the cost of the tangible assets it purchases as business expenses. However, Globus Maritime must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Globus Maritime financial statement analysis. It represents the amount of money remaining after all of Globus Maritime operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Globus Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globus Maritime 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 Globus Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Globus Stock please use our
How to Invest in Globus Maritime guide.At this time, Globus Maritime's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.1 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Globus Maritime fundamental ratios Correlations
Click cells to compare fundamentals
Globus Maritime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globus Maritime fundamental ratios Accounts
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Additional Tools for Globus Stock Analysis
When running Globus Maritime's price analysis, check to
measure Globus Maritime's 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 Globus Maritime is operating at the current time. Most of Globus Maritime's value examination focuses on studying past and present price action to
predict the probability of Globus Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Maritime's price. Additionally, you may evaluate how the addition of Globus Maritime to your portfolios can decrease your overall portfolio volatility.