RMAX Stock | | | USD 13.16 0.12 0.90% |
Re Max financial indicator trend analysis is much more than just breaking down Re Max Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Re Max Holding is a good investment. Please check the relationship between Re Max Cash and its Non Current Assets Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Re Max Holding. 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 Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Re Max Holding Cash account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Re Max's Cash and Non Current Assets Total is 0.61. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Re Max Holding, assuming nothing else is changed. The correlation between historical values of Re Max's Cash and Non Current Assets Total 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 Re Max Holding are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Re Max's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Re Max Holding, which is listed under current asset account on Re Max Holding balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Re Max customers. The amounts must be unrestricted with restricted cash listed in a different Re Max 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Re Max's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Re Max Holding 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 Re Max Holding. 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, Re Max's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.57 in 2024, whereas
Selling General Administrative is likely to drop slightly above 136.7
M in 2024.
Re Max fundamental ratios Correlations
Click cells to compare fundamentals
Re Max Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Re Max fundamental ratios Accounts
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Additional Tools for RMAX Stock Analysis
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measure Re Max'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 Re Max is operating at the current time. Most of Re Max's value examination focuses on studying past and present price action to
predict the probability of Re Max's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Re Max's price. Additionally, you may evaluate how the addition of Re Max to your portfolios can decrease your overall portfolio volatility.