| RS1 Stock | | | 680.50 17.50 2.64% |
RS GROUP financial indicator trend analysis is much more than just breaking down RS GROUP PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RS GROUP PLC is a good investment. Please check the relationship between RS GROUP Cash And Short Term Investments and its Non Currrent Assets Other accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RS GROUP 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 bureau of economic analysis.
Cash And Short Term Investments vs Non Currrent Assets Other
Cash And Short Term Investments vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RS GROUP PLC Cash And Short Term Investments account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between RS GROUP's Cash And Short Term Investments and Non Currrent Assets Other is -0.34. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of RS GROUP PLC, assuming nothing else is changed. The correlation between historical values of RS GROUP's Cash And Short Term Investments and Non Currrent Assets Other 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 And Short Term Investments of RS GROUP PLC are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash And Short Term Investments i.e., RS GROUP's Cash And Short Term Investments and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of RS GROUP PLC balance sheet. This account contains RS GROUP investments that will expire within one year. These investments include stocks and bonds that can be liquidated by RS GROUP PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from RS GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RS GROUP 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 RS GROUP 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 bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 96.2
M, whereas
Tax Provision is forecasted to decline to about 66.9
M.
RS GROUP fundamental ratios Correlations
Click cells to compare fundamentals
RS GROUP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RS GROUP 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.
Other Information on Investing in RS1 Stock
Balance Sheet is a snapshot of the
financial position of RS GROUP PLC at a specified time, usually calculated after every quarter, six months, or one year. RS GROUP Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of RS GROUP and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which RS1 currently owns. An asset can also be divided into two categories, current and non-current.