CRCT Stock | | | USD 6.57 0.20 3.14% |
Cricut financial indicator trend analysis is way more than just evaluating Cricut Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cricut Inc is a good investment. Please check the relationship between Cricut Total Assets and its Capital Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cricut 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 main economic indicators.
Total Assets vs Capital Stock
Total Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cricut Inc Total Assets account and
Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cricut's Total Assets and Capital Stock is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Cricut Inc, assuming nothing else is changed. The correlation between historical values of Cricut's Total Assets and Capital Stock 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 Cricut Inc are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Assets i.e., Cricut's Total Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Cricut 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 Cricut Inc 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.
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Cricut's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cricut 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 Cricut 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 main economic indicators.
At this time, Cricut's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas
Selling General Administrative is likely to drop slightly above 49.3
M in 2024.
Cricut fundamental ratios Correlations
Click cells to compare fundamentals
Cricut Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cricut fundamental ratios Accounts
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Additional Tools for Cricut Stock Analysis
When running Cricut's price analysis, check to
measure Cricut'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 Cricut is operating at the current time. Most of Cricut's value examination focuses on studying past and present price action to
predict the probability of Cricut's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cricut's price. Additionally, you may evaluate how the addition of Cricut to your portfolios can decrease your overall portfolio volatility.