Sun Net Tangible Assets vs Total Current Assets Analysis
| SRES Stock | CAD 0.06 0.01 10.00% |
Sun Residential financial indicator trend analysis is much more than just breaking down Sun Residential Real prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Residential Real is a good investment. Please check the relationship between Sun Residential Net Tangible Assets and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Net Tangible Assets vs Total Current Assets
Net Tangible Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Residential Real Net Tangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sun Residential's Net Tangible Assets and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sun Residential Real, assuming nothing else is changed. The correlation between historical values of Sun Residential's Net Tangible Assets and Total Current Assets 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 Tangible Assets of Sun Residential Real are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Tangible Assets i.e., Sun Residential's Net Tangible Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Sun Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Residential Real 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 Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to climb to about (1.3 M) in 2024. Selling General Administrative is likely to drop to about 360 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9M | 3.0M | 3.1M | 3.1M | Total Revenue | 4.9M | 5.5M | 5.8M | 5.6M |
Sun Residential fundamental ratios Correlations
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Sun Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Sun Stock Analysis
When running Sun Residential's price analysis, check to measure Sun Residential'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 Sun Residential is operating at the current time. Most of Sun Residential's value examination focuses on studying past and present price action to predict the probability of Sun Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Residential's price. Additionally, you may evaluate how the addition of Sun Residential to your portfolios can decrease your overall portfolio volatility.