Zaggle Other Non Cash Items vs Depreciation Analysis
ZAGGLE Stock | 545.95 23.70 4.16% |
Zaggle Prepaid financial indicator trend analysis is more than just analyzing Zaggle Prepaid Ocean current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zaggle Prepaid Ocean is a good investment. Please check the relationship between Zaggle Prepaid Other Non Cash Items and its Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zaggle Prepaid Ocean. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zaggle Prepaid Ocean Other Non Cash Items account and Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zaggle Prepaid's Other Non Cash Items and Depreciation is 0.79. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of Zaggle Prepaid Ocean, assuming nothing else is changed. The correlation between historical values of Zaggle Prepaid's Other Non Cash Items 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 Other Non Cash Items of Zaggle Prepaid Ocean 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 Other Non Cash Items i.e., Zaggle Prepaid's Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Non Cash Items
Depreciation
Depreciation indicates how much of Zaggle Prepaid Ocean value has been used up. For tax purposes Zaggle Prepaid can deduct the cost of the tangible assets it purchases as business expenses. However, Zaggle Prepaid Ocean 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 Zaggle Prepaid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zaggle Prepaid Ocean 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zaggle Prepaid Ocean. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current year's Selling General Administrative is expected to grow to about 40.5 M
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.7B | 5.5B | 7.8B | 5.3B | Depreciation And Amortization | 21.0M | 62.0M | 83.6M | 51.4M |
Zaggle Prepaid fundamental ratios Correlations
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Zaggle Prepaid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Other Information on Investing in Zaggle Stock
Balance Sheet is a snapshot of the financial position of Zaggle Prepaid Ocean at a specified time, usually calculated after every quarter, six months, or one year. Zaggle Prepaid Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zaggle Prepaid and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Zaggle currently owns. An asset can also be divided into two categories, current and non-current.