| MTEC Stock | | | 18.50 0.25 1.33% |
Made Tech financial indicator trend analysis is infinitely more than just investigating Made Tech Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Made Tech Group is a good investment. Please check the relationship between Made Tech Total Liab and its Cash And Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Made Tech Group. 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.
Total Liab vs Cash And Short Term Investments
Total Liab vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Made Tech Group Total Liab account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Made Tech's Total Liab and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Made Tech Group, assuming nothing else is changed. The correlation between historical values of Made Tech's Total Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Made Tech Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Liab i.e., Made Tech's Total Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Made Tech Group balance sheet. This account contains Made Tech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Made Tech Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Made Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Made Tech Group 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Made Tech Group. 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.
At this time, Made Tech's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 15.6
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Made Tech fundamental ratios Correlations
Click cells to compare fundamentals
Made Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Made Tech fundamental ratios Accounts
Also Currently Popular
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 Made Stock Analysis
When running Made Tech's price analysis, check to
measure Made Tech'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 Made Tech is operating at the current time. Most of Made Tech's value examination focuses on studying past and present price action to
predict the probability of Made Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Made Tech's price. Additionally, you may evaluate how the addition of Made Tech to your portfolios can decrease your overall portfolio volatility.