| 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 Other Non Cash Items and its Net Income 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 Other Non Cash Items account and
Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Tredegar's Other Non Cash Items and Net Income is -0.79. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income in the same time period over historical financial statements of Tredegar, assuming nothing else is changed. The correlation between historical values of Tredegar's Other Non Cash Items and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Tredegar are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Non Cash Items i.e., Tredegar's Other Non Cash Items and Net Income go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net income is one of the most important fundamental items in finance. It plays a large role in Tredegar financial statement analysis. It represents the amount of money remaining after all of Tredegar operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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.