SGRP Stock | | | USD 1.95 0.03 1.52% |
SPAR financial indicator trend analysis is much more than just breaking down SPAR Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SPAR Group is a good investment. Please check the relationship between SPAR Total Stockholder Equity and its Other Stockholder Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SPAR 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 metropolitan statistical area.
Total Stockholder Equity vs Other Stockholder Equity
Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SPAR Group Total Stockholder Equity account and
Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between SPAR's Total Stockholder Equity and Other Stockholder Equity is 0.56. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of SPAR Group, assuming nothing else is changed. The correlation between historical values of SPAR's Total Stockholder Equity and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of SPAR Group are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., SPAR's Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Other Stockholder Equity
Most indicators from SPAR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SPAR 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SPAR 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 metropolitan statistical area.
As of 02/18/2025,
Selling General Administrative is likely to drop to about 26.6
M. In addition to that,
Tax Provision is likely to drop to about 2.1
MSPAR fundamental ratios Correlations
Click cells to compare fundamentals
SPAR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SPAR fundamental ratios Accounts
Additional Tools for SPAR Stock Analysis
When running SPAR's price analysis, check to
measure SPAR'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 SPAR is operating at the current time. Most of SPAR's value examination focuses on studying past and present price action to
predict the probability of SPAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPAR's price. Additionally, you may evaluate how the addition of SPAR to your portfolios can decrease your overall portfolio volatility.