| PFG Stock | | | 0.22 0.01 4.35% |
Prime Financial financial indicator trend analysis is much more than just breaking down Prime Financial Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prime Financial Group is a good investment. Please check the relationship between Prime Financial Accounts Payable and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prime Financial 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 board of governors.
Accounts Payable vs Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Prime Financial Group Accounts Payable account and
Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Prime Financial's Accounts Payable and Total Current Assets is 0.52. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Prime Financial Group, assuming nothing else is changed. The correlation between historical values of Prime Financial's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Prime Financial Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Prime Financial's Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Prime Financial obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Prime Financial Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Prime Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prime Financial 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prime Financial 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 board of governors.
Selling General Administrative is likely to drop to about 2.2
M in 2024.
Tax Provision is likely to drop to about 1.1
M in 2024
Prime Financial fundamental ratios Correlations
Click cells to compare fundamentals
Prime Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Prime Financial fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Prime Stock Analysis
When running Prime Financial's price analysis, check to
measure Prime Financial'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 Prime Financial is operating at the current time. Most of Prime Financial's value examination focuses on studying past and present price action to
predict the probability of Prime Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Financial's price. Additionally, you may evaluate how the addition of Prime Financial to your portfolios can decrease your overall portfolio volatility.