0M69 Stock | | | 12,590 4,865 27.87% |
OTP Bank financial indicator trend analysis is much more than just breaking down OTP Bank Nyrt prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OTP Bank Nyrt is a good investment. Please check the relationship between OTP Bank Common Stock and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in OTP Bank Nyrt. 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.
Common Stock vs Other Assets
Common Stock vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
OTP Bank Nyrt Common Stock account and
Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between OTP Bank's Common Stock and Other Assets is -0.49. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of OTP Bank Nyrt, assuming nothing else is changed. The correlation between historical values of OTP Bank's Common Stock and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of OTP Bank Nyrt are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., OTP Bank's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock
Other Assets
Most indicators from OTP Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OTP Bank Nyrt 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in OTP Bank Nyrt. 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.
Tax Provision is likely to gain to about 29.9
B in 2024.
Discontinued Operations is likely to gain to about 13.8
B in 2024
OTP Bank fundamental ratios Correlations
Click cells to compare fundamentals
OTP Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OTP Bank fundamental ratios Accounts
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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.
Additional Tools for OTP Stock Analysis
When running OTP Bank's price analysis, check to
measure OTP Bank'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 OTP Bank is operating at the current time. Most of OTP Bank's value examination focuses on studying past and present price action to
predict the probability of OTP Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OTP Bank's price. Additionally, you may evaluate how the addition of OTP Bank to your portfolios can decrease your overall portfolio volatility.