Portage Cash vs Common Stock Shares Outstanding Analysis
PFTAW Stock | USD 0.02 0 13.10% |
Portage Fintech financial indicator trend analysis is much more than just breaking down Portage Fintech Acqu prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portage Fintech Acqu is a good investment. Please check the relationship between Portage Fintech Cash and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Portage Fintech Acqu Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Portage Fintech's Cash and Common Stock Shares Outstanding is 0.86. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Portage Fintech Acquisition, assuming nothing else is changed. The correlation between historical values of Portage Fintech's Cash 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 Cash of Portage Fintech Acquisition 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 Cash i.e., Portage Fintech's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Portage Fintech Acqu, which is listed under current asset account on Portage Fintech Acquisition balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Portage Fintech customers. The amounts must be unrestricted with restricted cash listed in a different Portage Fintech 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.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 Portage Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portage Fintech Acqu 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 Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Portage Fintech's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 36.84 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.5M | 18.4M | 21.2M | 15.9M | Depreciation And Amortization | 3.4M | 2.7M | 3.3M | 2.5M |
Portage Fintech fundamental ratios Correlations
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Portage Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Additional Tools for Portage Stock Analysis
When running Portage Fintech's price analysis, check to measure Portage Fintech'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 Portage Fintech is operating at the current time. Most of Portage Fintech's value examination focuses on studying past and present price action to predict the probability of Portage Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Portage Fintech's price. Additionally, you may evaluate how the addition of Portage Fintech to your portfolios can decrease your overall portfolio volatility.