SunCar Cash vs Non Current Assets Total Analysis
SDAWW Stock | 0.35 0.04 12.90% |
SunCar Technology financial indicator trend analysis is much more than just breaking down SunCar Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunCar Technology is a good investment. Please check the relationship between SunCar Technology Cash and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunCar Technology 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 housing.
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 SunCar Technology Cash account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between SunCar Technology's Cash and Non Current Assets Total is -0.97. 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 SunCar Technology Group, assuming nothing else is changed. The correlation between historical values of SunCar Technology'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 SunCar Technology Group 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., SunCar Technology's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.97 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of SunCar Technology, which is listed under current asset account on SunCar Technology Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SunCar Technology customers. The amounts must be unrestricted with restricted cash listed in a different SunCar Technology 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 SunCar Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunCar Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SunCar Technology 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 housing. At this time, SunCar Technology's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 42.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 33.3 M in 2024.
2021 | 2023 | 2024 (projected) | Interest Expense | 3.0M | 4.4M | 3.6M | Interest Income | 20.1K | 23.1K | 12.8K |
SunCar Technology fundamental ratios Correlations
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SunCar Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 SunCar Stock Analysis
When running SunCar Technology's price analysis, check to measure SunCar Technology'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 SunCar Technology is operating at the current time. Most of SunCar Technology's value examination focuses on studying past and present price action to predict the probability of SunCar Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SunCar Technology's price. Additionally, you may evaluate how the addition of SunCar Technology to your portfolios can decrease your overall portfolio volatility.