| TG Stock | | | USD 7.68 0.12 1.59% |
Tredegar financial indicator trend analysis is much more than just breaking down Tredegar prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tredegar is a good investment. Please check the relationship between Tredegar Free Cash Flow and its Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tredegar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more detail on how to invest in Tredegar Stock please use our
How to Invest in Tredegar guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tredegar Free Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Tredegar's Free Cash Flow and Depreciation is 0.21. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Tredegar, assuming nothing else is changed. The correlation between historical values of Tredegar's Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Tredegar are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Tredegar's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Depreciation indicates how much of Tredegar value has been used up. For tax purposes Tredegar can deduct the cost of the tangible assets it purchases as business expenses. However, Tredegar must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Tredegar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tredegar 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 Tredegar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more detail on how to invest in Tredegar Stock please use our
How to Invest in Tredegar guide.At this time, Tredegar's
Discontinued Operations is most likely to increase significantly in the upcoming years. The Tredegar's current
Enterprise Value is estimated to increase to about 482.4
M, while
Selling General Administrative is projected to decrease to roughly 84.6
M.