| SYNT Stock | | | 169.40 0.60 0.36% |
Synthomer Plc financial indicator trend analysis is much more than just breaking down Synthomer plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synthomer plc is a good investment. Please check the relationship between Synthomer Plc Cash and its Non Currrent Assets Other accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Synthomer 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 board of governors.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Synthomer plc Cash account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Synthomer Plc's Cash and Non Currrent Assets Other is -0.39. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Synthomer plc, assuming nothing else is changed. The correlation between historical values of Synthomer Plc's Cash and Non Currrent Assets Other 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 Synthomer plc are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Synthomer Plc's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Synthomer plc, which is listed under current asset account on Synthomer plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Synthomer Plc customers. The amounts must be unrestricted with restricted cash listed in a different Synthomer Plc 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 Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Synthomer Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synthomer 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 Synthomer 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 board of governors.
At this time, Synthomer Plc's
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 278.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 62.3
M in 2024.
Synthomer Plc fundamental ratios Correlations
Click cells to compare fundamentals
Synthomer Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synthomer Plc fundamental ratios Accounts
Also Currently Popular
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 Synthomer Stock Analysis
When running Synthomer Plc's price analysis, check to
measure Synthomer Plc'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 Synthomer Plc is operating at the current time. Most of Synthomer Plc's value examination focuses on studying past and present price action to
predict the probability of Synthomer Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synthomer Plc's price. Additionally, you may evaluate how the addition of Synthomer Plc to your portfolios can decrease your overall portfolio volatility.