PHOENIXLTD | | | 1,775 70.55 3.82% |
Phoenix Mills financial indicator trend analysis is much more than just breaking down Phoenix Mills prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Mills is a good investment. Please check the relationship between Phoenix Mills Total Current Assets and its Total Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in The Phoenix Mills. 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.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Phoenix Mills Total Current Assets account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Phoenix Mills' Total Current Assets and Total Assets is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of The Phoenix Mills, assuming nothing else is changed. The correlation between historical values of Phoenix Mills' Total Current Assets and Total 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 Total Current Assets of The Phoenix Mills are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Phoenix Mills' Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Total Assets
Total assets refers to the total amount of Phoenix Mills assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Phoenix Mills books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Phoenix Mills' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Mills 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 The Phoenix Mills. 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.
At this time, Phoenix Mills'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 3.3
B in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 53.2
M in 2024.
Phoenix Mills fundamental ratios Correlations
Click cells to compare fundamentals
Phoenix Mills Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phoenix Mills fundamental ratios Accounts
Also Currently Popular
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 Phoenix Stock Analysis
When running Phoenix Mills' price analysis, check to
measure Phoenix Mills' 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 Phoenix Mills is operating at the current time. Most of Phoenix Mills' value examination focuses on studying past and present price action to
predict the probability of Phoenix Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Mills' price. Additionally, you may evaluate how the addition of Phoenix Mills to your portfolios can decrease your overall portfolio volatility.