SND Stock | | | USD 2.25 0.09 4.17% |
Smart Sand financial indicator trend analysis is much more than just breaking down Smart Sand prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smart Sand is a good investment. Please check the relationship between Smart Sand Net Receivables and its Common Stock accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Smart Sand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For information on how to trade Smart Stock refer to our
How to Trade Smart Stock guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Smart Sand Net Receivables account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Smart Sand's Net Receivables and Common Stock is 0.66. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Smart Sand, assuming nothing else is changed. The correlation between historical values of Smart Sand's Net Receivables and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Smart Sand are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Smart Sand's Net Receivables and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Smart Sand's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smart Sand 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 Smart Sand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For information on how to trade Smart Stock refer to our
How to Trade Smart Stock guide.The current year's
Sales General And Administrative To Revenue is expected to grow to 0.18, whereas
Selling General Administrative is forecasted to decline to about 24.1
M.