Conifer Net Tangible Assets vs Net Receivables Analysis
CNFR Stock | | | USD 0.82 0.02 2.50% |
Conifer Holding financial indicator trend analysis is way more than just evaluating Conifer Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conifer Holding is a good investment. Please check the relationship between Conifer Holding Net Tangible Assets and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Conifer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
To learn how to invest in Conifer Stock, please use our
How to Invest in Conifer Holding guide.
Net Tangible Assets vs Net Receivables
Net Tangible Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Conifer Holding Net Tangible Assets account and
Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Conifer Holding's Net Tangible Assets and Net Receivables is -0.63. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Conifer Holding, assuming nothing else is changed. The correlation between historical values of Conifer Holding's Net Tangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Conifer Holding are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Tangible Assets i.e., Conifer Holding's Net Tangible Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Net Receivables
Most indicators from Conifer Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conifer Holding 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 Conifer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
To learn how to invest in Conifer Stock, please use our
How to Invest in Conifer Holding guide.
Issuance Of Capital Stock is expected to grow at the current pace this year, while
Selling General Administrative is likely to drop slightly above 16.7
M.
Conifer Holding fundamental ratios Correlations
Click cells to compare fundamentals
Conifer Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Conifer Holding fundamental ratios Accounts
Additional Tools for Conifer Stock Analysis
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