AGYS Stock | | | USD 125.02 1.27 1.03% |
Agilysys financial indicator trend analysis is way more than just evaluating Agilysys prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agilysys is a good investment. Please check the relationship between Agilysys Total Assets and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Agilysys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Agilysys Stock please use our
How to Invest in Agilysys guide.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Agilysys Total Assets account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Agilysys' Total Assets and Total Current Assets is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Agilysys, assuming nothing else is changed. The correlation between historical values of Agilysys' Total Assets and Total Current 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 Total Assets of Agilysys are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Agilysys' Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Agilysys assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Agilysys books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Agilysys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agilysys 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 Agilysys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Agilysys Stock please use our
How to Invest in Agilysys guide.At this time, Agilysys'
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 83.24 in 2024, whereas
Discontinued Operations is likely to drop slightly above 17.3
M in 2024.
Agilysys fundamental ratios Correlations
Click cells to compare fundamentals
Agilysys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Agilysys fundamental ratios Accounts
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Additional Tools for Agilysys Stock Analysis
When running Agilysys' price analysis, check to
measure Agilysys' 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 Agilysys is operating at the current time. Most of Agilysys' value examination focuses on studying past and present price action to
predict the probability of Agilysys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agilysys' price. Additionally, you may evaluate how the addition of Agilysys to your portfolios can decrease your overall portfolio volatility.