Surge Other Assets vs Cash Analysis
| NILI Stock | CAD 0.37 0.01 2.78% |
Surge Battery financial indicator trend analysis is much more than just breaking down Surge Battery Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Battery Metals is a good investment. Please check the relationship between Surge Battery Other Assets and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Other Assets vs Cash
Other Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Battery Metals Other Assets account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Surge Battery's Other Assets and Cash is -0.56. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Surge Battery Metals, assuming nothing else is changed. The correlation between historical values of Surge Battery's Other Assets 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 Assets of Surge Battery Metals 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 Assets i.e., Surge Battery's Other Assets and Cash go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Assets
Cash
Cash refers to the most liquid asset of Surge Battery Metals, which is listed under current asset account on Surge Battery Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Surge Battery customers. The amounts must be unrestricted with restricted cash listed in a different Surge Battery 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 Surge Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Battery Metals 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 Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Surge Battery's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 10.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (11.20).
Surge Battery fundamental ratios Correlations
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Surge Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Surge Stock Analysis
When running Surge Battery's price analysis, check to measure Surge Battery'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 Surge Battery is operating at the current time. Most of Surge Battery's value examination focuses on studying past and present price action to predict the probability of Surge Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Battery's price. Additionally, you may evaluate how the addition of Surge Battery to your portfolios can decrease your overall portfolio volatility.