SGE Stock | | | 1,290 15.50 1.19% |
Sage Group financial indicator trend analysis is much more than just breaking down Sage Group PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sage Group PLC is a good investment. Please check the relationship between Sage Group Cash And Short Term Investments and its Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sage 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 Inventory
Cash And Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sage Group PLC Cash And Short Term Investments account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sage Group's Cash And Short Term Investments and Inventory is -0.19. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Sage Group PLC, assuming nothing else is changed. The correlation between historical values of Sage Group's Cash And Short Term Investments and Inventory 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 Sage Group PLC are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Sage Group's Cash And Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sage Group PLC balance sheet. This account contains Sage Group investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sage 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.
Inventory
Most indicators from Sage Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sage 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sage 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.
As of December 22, 2024,
Selling General Administrative is expected to decline to about 996.1
M. In addition to that,
Discontinued Operations is expected to decline to about 28.3
MSage Group fundamental ratios Correlations
Click cells to compare fundamentals
Sage Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sage Group fundamental ratios Accounts
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Other Information on Investing in Sage Stock
Balance Sheet is a snapshot of the
financial position of Sage Group PLC at a specified time, usually calculated after every quarter, six months, or one year. Sage Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sage 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 Sage currently owns. An asset can also be divided into two categories, current and non-current.