300528 Stock | | | 9.64 0.27 2.88% |
Omnijoi Media financial indicator trend analysis is much more than just breaking down Omnijoi Media Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omnijoi Media Corp is a good investment. Please check the relationship between Omnijoi Media Good Will and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Omnijoi Media Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Good Will vs Cash
Good Will vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Omnijoi Media Corp Good Will account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Omnijoi Media's Good Will and Cash is 0.43. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash in the same time period over historical financial statements of Omnijoi Media Corp, assuming nothing else is changed. The correlation between historical values of Omnijoi Media's Good Will and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Omnijoi Media Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Good Will i.e., Omnijoi Media's Good Will and Cash go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Cash
Cash refers to the most liquid asset of Omnijoi Media Corp, which is listed under current asset account on Omnijoi Media Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Omnijoi Media customers. The amounts must be unrestricted with restricted cash listed in a different Omnijoi Media account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Omnijoi Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omnijoi Media Corp 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 Omnijoi Media Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 19.8
M. The current year's
Tax Provision is expected to grow to about (5.4
M)
Omnijoi Media fundamental ratios Correlations
Click cells to compare fundamentals
Omnijoi Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omnijoi Media fundamental ratios Accounts
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Other Information on Investing in Omnijoi Stock
Balance Sheet is a snapshot of the
financial position of Omnijoi Media Corp at a specified time, usually calculated after every quarter, six months, or one year. Omnijoi Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Omnijoi Media 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 Omnijoi currently owns. An asset can also be divided into two categories, current and non-current.