| BAY Stock | | | CAD 0.07 0.01 7.69% |
Aston Bay financial indicator trend analysis is way more than just evaluating Aston Bay Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aston Bay Holdings is a good investment. Please check the relationship between Aston Bay Cash And Short Term Investments and its Net Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aston Bay Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash And Short Term Investments vs Net Working Capital
Cash And Short Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aston Bay Holdings Cash And Short Term Investments account and
Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aston Bay's Cash And Short Term Investments and Net Working Capital is 0.24. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Aston Bay Holdings, assuming nothing else is changed. The correlation between historical values of Aston Bay's Cash And Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Aston Bay Holdings are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., Aston Bay's Cash And Short Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Aston Bay Holdings balance sheet. This account contains Aston Bay investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Aston Bay Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Working Capital
Most indicators from Aston Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aston Bay Holdings 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 Aston Bay Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Aston Bay's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 2.6
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(9.66) in 2024.
Aston Bay fundamental ratios Correlations
Click cells to compare fundamentals
Aston Bay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aston Bay fundamental ratios Accounts
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Additional Tools for Aston Stock Analysis
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measure Aston Bay'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 Aston Bay is operating at the current time. Most of Aston Bay's value examination focuses on studying past and present price action to
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