MBT Stock | | | 1.40 0.05 3.70% |
Mobile Tornado financial indicator trend analysis is infinitely more than just investigating Mobile Tornado Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mobile Tornado Group is a good investment. Please check the relationship between Mobile Tornado Net Debt and its Other Stockholder Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mobile Tornado Group. 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.
Net Debt vs Other Stockholder Equity
Net Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mobile Tornado Group Net Debt account and
Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mobile Tornado's Net Debt and Other Stockholder Equity is 0.91. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Mobile Tornado Group, assuming nothing else is changed. The correlation between historical values of Mobile Tornado's Net Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Mobile Tornado Group are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Debt i.e., Mobile Tornado's Net Debt and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Other Stockholder Equity
Most indicators from Mobile Tornado's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mobile Tornado Group 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mobile Tornado Group. 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.
The current year's
Selling General Administrative is expected to grow to about 3.2
M, whereas
Tax Provision is forecasted to decline to (84
K).
Mobile Tornado fundamental ratios Correlations
Click cells to compare fundamentals
Mobile Tornado Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mobile Tornado fundamental ratios Accounts
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Other Information on Investing in Mobile Stock
Balance Sheet is a snapshot of the
financial position of Mobile Tornado Group at a specified time, usually calculated after every quarter, six months, or one year. Mobile Tornado Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mobile Tornado 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 Mobile currently owns. An asset can also be divided into two categories, current and non-current.