| SPT Stock | | | 170.80 0.40 0.23% |
Spirent Communications financial indicator trend analysis is much more than just breaking down Spirent Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirent Communications is a good investment. Please check the relationship between Spirent Communications Cash and its Common Stock Total Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spirent Communications plc. 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.
Cash vs Common Stock Total Equity
Cash vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spirent Communications Cash account and
Common Stock Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Spirent Communications' Cash and Common Stock Total Equity is 0.56. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Spirent Communications plc, assuming nothing else is changed. The correlation between historical values of Spirent Communications' Cash and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Spirent Communications plc are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash i.e., Spirent Communications' Cash and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Spirent Communications, which is listed under current asset account on Spirent Communications plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Spirent Communications customers. The amounts must be unrestricted with restricted cash listed in a different Spirent Communications account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Spirent Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirent Communications 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 Spirent Communications plc. 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 87.6
M, whereas
Tax Provision is projected to grow to (2.2
M).
Spirent Communications fundamental ratios Correlations
Click cells to compare fundamentals
Spirent Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirent Communications fundamental ratios Accounts
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Other Information on Investing in Spirent Stock
Balance Sheet is a snapshot of the
financial position of Spirent Communications at a specified time, usually calculated after every quarter, six months, or one year. Spirent Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spirent Communications 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 Spirent currently owns. An asset can also be divided into two categories, current and non-current.