| BHAT Stock | | | USD 0.12 0.01 7.69% |
Blue Hat financial indicator trend analysis is way more than just evaluating Blue Hat Interactive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Hat Interactive is a good investment. Please check the relationship between Blue Hat Inventory and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Hat Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Inventory vs Other Current Assets
Inventory vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Blue Hat Interactive Inventory account and
Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Blue Hat's Inventory and Other Current Assets is -0.41. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Blue Hat Interactive, assuming nothing else is changed. The correlation between historical values of Blue Hat's Inventory and Other 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 Inventory of Blue Hat Interactive are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., Blue Hat's Inventory and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Blue Hat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Hat Interactive 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 Blue Hat Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Blue Hat's
Issuance Of Capital Stock is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.34 in 2024, whereas
Discontinued Operations is likely to drop slightly above 939.1
K in 2024.
Blue Hat fundamental ratios Correlations
Click cells to compare fundamentals
Blue Hat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Hat fundamental ratios Accounts
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