| 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 Net Working Capital and its Current Deferred Revenue 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.
Net Working Capital vs Current Deferred Revenue
Net Working Capital vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aston Bay Holdings Net Working Capital account and
Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aston Bay's Net Working Capital and Current Deferred Revenue is 0.49. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Current Deferred Revenue 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 Net Working Capital and Current Deferred Revenue 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 Working Capital of Aston Bay Holdings are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Working Capital i.e., Aston Bay's Net Working Capital and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Working Capital
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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
When running Aston Bay's price analysis, check to
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
predict the probability of Aston Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aston Bay's price. Additionally, you may evaluate how the addition of Aston Bay to your portfolios can decrease your overall portfolio volatility.