| 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 Short Term Debt and its Total Assets 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.
Short Term Debt vs Total Assets
Short Term Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aston Bay Holdings Short Term Debt account and
Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Aston Bay's Short Term Debt and Total Assets is -0.51. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Assets 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 Short Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Aston Bay Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Debt i.e., Aston Bay's Short Term Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Term Debt
Total Assets
Total assets refers to the total amount of Aston Bay assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Aston Bay Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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.