| 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 Other Stockholder Equity and its Cash 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.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRIT Real Estate Other Stockholder Equity account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between GRIT Real's Other Stockholder Equity and Cash is 0.52. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash 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 Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of GRIT Real Estate are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., GRIT Real's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of GRIT Real Estate, which is listed under current asset account on GRIT Real Estate balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from GRIT Real customers. The amounts must be unrestricted with restricted cash listed in a different GRIT Real account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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
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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.