| TGS Stock | | | USD 29.39 0.01 0.03% |
Transportadora financial indicator trend analysis is much more than just breaking down Transportadora de Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transportadora de Gas is a good investment. Please check the relationship between Transportadora Net Tangible Assets and its Short Term Investments accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. 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.
Net Tangible Assets vs Short Term Investments
Net Tangible Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transportadora de Gas Net Tangible Assets account and
Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Transportadora's Net Tangible Assets and Short Term Investments is 0.79. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Transportadora de Gas, assuming nothing else is changed. The correlation between historical values of Transportadora's Net Tangible Assets and Short Term Investments 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 Transportadora de Gas are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Transportadora's Net Tangible Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.79 |
| 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Transportadora balance sheet. It contains any investments Transportadora de Gas undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Transportadora de Gas can easily liquidate in the marketplace.
Most indicators from Transportadora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transportadora de Gas 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. 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.
At this time, Transportadora's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 17
B in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
Transportadora fundamental ratios Correlations
Click cells to compare fundamentals
Transportadora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transportadora fundamental ratios Accounts
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Additional Tools for Transportadora Stock Analysis
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measure Transportadora'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 Transportadora is operating at the current time. Most of Transportadora's value examination focuses on studying past and present price action to
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