III Stock | | | 3,548 10.00 0.28% |
3I Group financial indicator trend analysis is way more than just evaluating 3I Group PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3I Group PLC is a good investment. Please check the relationship between 3I Group Other Assets and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in 3I Group PLC. 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 economic analysis.
Other Assets vs Total Current Liabilities
Other Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3I Group PLC Other Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between 3I Group's Other Assets and Total Current Liabilities is -0.14. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of 3I Group PLC, assuming nothing else is changed. The correlation between historical values of 3I Group's Other Assets and Total Current Liabilities 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 Assets of 3I Group PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Assets i.e., 3I Group's Other Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Assets
Total Current Liabilities
Total Current Liabilities is an item on 3I Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 3I Group PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from 3I Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3I Group PLC 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 3I Group PLC. 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 economic analysis.
At present, 3I Group's
Tax Provision is projected to increase significantly based on the last few years of reporting.
3I Group fundamental ratios Correlations
Click cells to compare fundamentals
3I Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3I Group fundamental ratios Accounts
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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.
Other Information on Investing in III Stock
Balance Sheet is a snapshot of the
financial position of 3I Group PLC at a specified time, usually calculated after every quarter, six months, or one year. 3I Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 3I Group 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 III currently owns. An asset can also be divided into two categories, current and non-current.