Above Net Receivables vs Intangible Assets Analysis

ABVEW Stock   0.02  0.0001  0.42%   
Above Food financial indicator trend analysis is way more than just evaluating Above Food Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Above Food Ingredients is a good investment. Please check the relationship between Above Food Net Receivables and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Receivables vs Intangible Assets

Net Receivables vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Above Food Ingredients Net Receivables account and Intangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Above Food's Net Receivables and Intangible Assets is 0.29. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Above Food Ingredients, assuming nothing else is changed. The correlation between historical values of Above Food's Net Receivables and Intangible 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 Net Receivables of Above Food Ingredients are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Above Food's Net Receivables and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Receivables

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Above Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Above Food Ingredients 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 Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Above Food's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 272.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.2 M in 2024.
 2010 2022 2023 2024 (projected)
Depreciation And Amortization1.4M3.0M3.6M2.9M
Interest Income82.3K296.5K245.3K228.8K

Above Food fundamental ratios Correlations

0.890.080.580.510.89-0.620.610.96-0.490.61-0.40.910.580.580.760.730.510.580.54-0.56-0.24-0.40.580.44-0.6
0.890.20.880.091.0-0.890.890.78-0.150.89-0.70.70.880.880.750.360.730.770.73-0.8-0.49-0.510.880.71-0.85
0.080.20.15-0.060.2-0.120.120.050.690.12-0.26-0.170.150.15-0.48-0.02-0.38-0.1-0.370.23-0.920.680.15-0.24-0.06
0.580.880.15-0.390.88-1.01.00.390.161.0-0.890.331.01.00.67-0.120.850.890.86-0.93-0.52-0.621.00.82-0.97
0.510.09-0.06-0.390.090.36-0.360.69-0.72-0.360.550.71-0.39-0.390.130.96-0.3-0.35-0.310.340.250.2-0.4-0.30.38
0.891.00.20.880.09-0.890.890.78-0.150.89-0.690.710.880.880.750.360.730.770.73-0.8-0.49-0.510.880.71-0.85
-0.62-0.89-0.12-1.00.36-0.89-1.0-0.43-0.11-1.00.9-0.36-1.0-1.0-0.710.08-0.86-0.92-0.870.940.490.64-1.0-0.810.99
0.610.890.121.0-0.360.89-1.00.430.111.0-0.880.371.01.00.7-0.080.870.90.87-0.94-0.49-0.641.00.83-0.98
0.960.780.050.390.690.78-0.430.43-0.60.43-0.150.970.390.40.660.870.370.360.36-0.39-0.15-0.290.390.35-0.38
-0.49-0.150.690.16-0.72-0.15-0.110.11-0.60.11-0.38-0.750.160.16-0.6-0.74-0.24-0.03-0.220.12-0.690.470.16-0.13-0.1
0.610.890.121.0-0.360.89-1.01.00.430.11-0.880.371.01.00.7-0.080.870.90.87-0.94-0.49-0.641.00.83-0.98
-0.4-0.7-0.26-0.890.55-0.690.9-0.88-0.15-0.38-0.88-0.04-0.89-0.89-0.490.31-0.65-0.91-0.740.780.550.45-0.89-0.520.94
0.910.7-0.170.330.710.71-0.360.370.97-0.750.37-0.040.330.330.720.870.430.310.4-0.40.05-0.420.330.42-0.32
0.580.880.151.0-0.390.88-1.01.00.390.161.0-0.890.331.00.67-0.120.850.890.86-0.93-0.52-0.621.00.82-0.97
0.580.880.151.0-0.390.88-1.01.00.40.161.0-0.890.331.00.67-0.120.850.890.85-0.93-0.52-0.621.00.82-0.97
0.760.75-0.480.670.130.75-0.710.70.66-0.60.7-0.490.720.670.670.350.870.80.9-0.850.18-0.890.660.7-0.73
0.730.36-0.02-0.120.960.360.08-0.080.87-0.74-0.080.310.87-0.12-0.120.35-0.07-0.09-0.070.090.120.02-0.12-0.070.11
0.510.73-0.380.85-0.30.73-0.860.870.37-0.240.87-0.650.430.850.850.87-0.070.840.98-0.98-0.01-0.930.850.93-0.85
0.580.77-0.10.89-0.350.77-0.920.90.36-0.030.9-0.910.310.890.890.8-0.090.840.93-0.92-0.23-0.750.890.65-0.97
0.540.73-0.370.86-0.310.73-0.870.870.36-0.220.87-0.740.40.860.850.9-0.070.980.93-0.98-0.01-0.930.850.83-0.9
-0.56-0.80.23-0.930.34-0.80.94-0.94-0.390.12-0.940.78-0.4-0.93-0.93-0.850.09-0.98-0.92-0.980.160.87-0.93-0.890.94
-0.24-0.49-0.92-0.520.25-0.490.49-0.49-0.15-0.69-0.490.550.05-0.52-0.520.180.12-0.01-0.23-0.010.16-0.35-0.52-0.160.42
-0.4-0.510.68-0.620.2-0.510.64-0.64-0.290.47-0.640.45-0.42-0.62-0.62-0.890.02-0.93-0.75-0.930.87-0.35-0.62-0.780.67
0.580.880.151.0-0.40.88-1.01.00.390.161.0-0.890.331.01.00.66-0.120.850.890.85-0.93-0.52-0.620.82-0.97
0.440.71-0.240.82-0.30.71-0.810.830.35-0.130.83-0.520.420.820.820.7-0.070.930.650.83-0.89-0.16-0.780.82-0.74
-0.6-0.85-0.06-0.970.38-0.850.99-0.98-0.38-0.1-0.980.94-0.32-0.97-0.97-0.730.11-0.85-0.97-0.90.940.420.67-0.97-0.74
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Above Food Account Relationship Matchups

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