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 Non Current Assets Total and its Common Stock Shares Outstanding 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.
Non Current Assets Total vs Common Stock Shares Outstanding
Non Current Assets Total vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mobile Tornado Group Non Current Assets Total account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mobile Tornado's Non Current Assets Total and Common Stock Shares Outstanding is -0.4. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Common Stock Shares Outstanding 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 Non Current Assets Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Mobile Tornado Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Current Assets Total i.e., Mobile Tornado's Non Current Assets Total and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
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.