Sprint Average Assets vs Average Equity Analysis

S -- USA Stock  

USD 6.01  0.08  1.35%

Sprint financial indicator trend analysis is much more than just breaking down Sprint prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprint is a good investment. Please check the relationship between Sprint Average Assets and its Average Equity accounts. Also please take a look at World Market Map.

Average Assets vs Average Equity

Accounts Relationship

Average Assets vs Average Equity

Significance: Very Strong Relationship

Average Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Sprint Average Assets account and Average Equity

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

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