BOX Stock | | | USD 34.48 0.74 2.19% |
Box financial indicator trend analysis is way more than just evaluating Box Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Box Inc is a good investment. Please check the relationship between Box Short Term Investments and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Box Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Short Term Investments vs Other Current Assets
Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Box Inc Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Box's Short Term Investments and Other Current Assets is 0.82. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Box Inc, assuming nothing else is changed. The correlation between historical values of Box's Short Term Investments 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 Short Term Investments of Box Inc 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 Short Term Investments i.e., Box's Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Box balance sheet. It contains any investments Box Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Box Inc can easily liquidate in the marketplace.
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 Box's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Box Inc 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 Box Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
At this time, Box's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 39.63 in 2024, whereas
Selling General Administrative is likely to drop slightly above 95.8
M in 2024.
Box fundamental ratios Correlations
Click cells to compare fundamentals
Box Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Box fundamental ratios Accounts
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Additional Tools for Box Stock Analysis
When running Box's price analysis, check to
measure Box'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 Box is operating at the current time. Most of Box's value examination focuses on studying past and present price action to
predict the probability of Box's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Box's price. Additionally, you may evaluate how the addition of Box to your portfolios can decrease your overall portfolio volatility.