| GR1T Stock | | | 10.50 0.00 0.00% |
GRIT Real financial indicator trend analysis is much more than just examining GRIT Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRIT Real Estate is a good investment. Please check the relationship between GRIT Real Cash And Short Term Investments and its Current Deferred Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash And Short Term Investments vs Current Deferred Revenue
Cash And Short Term Investments vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRIT Real Estate Cash And Short Term Investments account and
Current Deferred Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between GRIT Real's Cash And Short Term Investments and Current Deferred Revenue is 0.36. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of GRIT Real Estate, assuming nothing else is changed. The correlation between historical values of GRIT Real's Cash And Short Term Investments and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of GRIT Real Estate are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cash And Short Term Investments i.e., GRIT Real's Cash And Short Term Investments and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of GRIT Real Estate balance sheet. This account contains GRIT Real investments that will expire within one year. These investments include stocks and bonds that can be liquidated by GRIT Real Estate 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.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from GRIT Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRIT Real Estate 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 GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 6.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 146.5
K in 2024.
GRIT Real fundamental ratios Correlations
Click cells to compare fundamentals
GRIT Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRIT Real fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for GRIT Stock Analysis
When running GRIT Real's price analysis, check to
measure GRIT Real'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 GRIT Real is operating at the current time. Most of GRIT Real's value examination focuses on studying past and present price action to
predict the probability of GRIT Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRIT Real's price. Additionally, you may evaluate how the addition of GRIT Real to your portfolios can decrease your overall portfolio volatility.