PTEC Stock | | | 749.00 10.00 1.35% |
Playtech Plc financial indicator trend analysis is much more than just breaking down Playtech Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Playtech Plc is a good investment. Please check the relationship between Playtech Plc Property Plant Equipment and its Net Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Playtech Plc. 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.
Property Plant Equipment vs Net Debt
Property Plant Equipment vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Playtech Plc Property Plant Equipment account and
Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Playtech Plc's Property Plant Equipment and Net Debt is 0.82. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Debt in the same time period over historical financial statements of Playtech Plc, assuming nothing else is changed. The correlation between historical values of Playtech Plc's Property Plant Equipment and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Playtech Plc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant Equipment i.e., Playtech Plc's Property Plant Equipment and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Playtech Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Playtech Plc 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 Playtech Plc. 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.
Tax Provision is likely to gain to about 137.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 86.9
M in 2024.
Playtech Plc fundamental ratios Correlations
Click cells to compare fundamentals
Playtech Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Playtech Plc fundamental ratios Accounts
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Additional Tools for Playtech Stock Analysis
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measure Playtech Plc'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 Playtech Plc is operating at the current time. Most of Playtech Plc's value examination focuses on studying past and present price action to
predict the probability of Playtech Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Playtech Plc's price. Additionally, you may evaluate how the addition of Playtech Plc to your portfolios can decrease your overall portfolio volatility.