Paramount Net Tangible Assets vs Retained Earnings Analysis
PARA Stock | | | USD 11.04 0.57 4.91% |
Paramount Global financial indicator trend analysis is much more than just breaking down Paramount Global Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paramount Global Class is a good investment. Please check the relationship between Paramount Global Net Tangible Assets and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Net Tangible Assets vs Retained Earnings
Net Tangible Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Paramount Global Class Net Tangible Assets account and
Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Paramount Global's Net Tangible Assets and Retained Earnings is 0.72. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Paramount Global Class, assuming nothing else is changed. The correlation between historical values of Paramount Global's Net Tangible Assets and Retained Earnings 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 Paramount Global Class are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Tangible Assets i.e., Paramount Global's Net Tangible Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Paramount Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paramount Global Class 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
Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
The current year's
Discontinued Operations is expected to grow to about 457.6
M, whereas
Selling General Administrative is forecasted to decline to about 3.9
B.
Paramount Global fundamental ratios Correlations
Click cells to compare fundamentals
Paramount Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paramount Global fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Paramount Stock
Balance Sheet is a snapshot of the
financial position of Paramount Global Class at a specified time, usually calculated after every quarter, six months, or one year. Paramount Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Paramount Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Paramount currently owns. An asset can also be divided into two categories, current and non-current.