| RELIW Stock | | | USD 0.04 0.00 0.00% |
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Depreciation and its Capital Expenditures accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global 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 gross domestic product.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reliance Global Group Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Reliance Global's Depreciation and Capital Expenditures is 0.65. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Reliance Global Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Reliance Global's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Reliance Global Group value has been used up. For tax purposes Reliance Global can deduct the cost of the tangible assets it purchases as business expenses. However, Reliance Global Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Capital Expenditures
Capital Expenditures are funds used by Reliance Global Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Reliance Global operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global 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 Reliance Global 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 gross domestic product.
Selling General Administrative is likely to drop to about 2.7
M in 2024.
Issuance Of Capital Stock is likely to drop to about 3.3
M in 2024
Reliance Global fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Global fundamental ratios Accounts
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measure Reliance Global'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 Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to
predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.