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 Sale Purchase Of Stock and its Capital Expenditures 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 Sale Purchase Of Stock account and
Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tredegar's Sale Purchase Of Stock and Capital Expenditures is 0.58. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Tredegar, assuming nothing else is changed. The correlation between historical values of Tredegar's Sale Purchase Of Stock and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of Tredegar are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Sale Purchase Of Stock i.e., Tredegar's Sale Purchase Of Stock and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures are funds used by Tredegar to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Tredegar operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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.