Bluejay Free Cash Flow Yield vs Income Quality Analysis

BJDX Stock

USD 3.50 0.02 0.57%

Bluejay Diagnostics financial indicator trend analysis is way more than just evaluating Bluejay Diagnostics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bluejay Diagnostics is a good investment. Please check the relationship between Bluejay Diagnostics Free Cash Flow Yield and its Income Quality accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluejay Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Bluejay Stock please use our How to Invest in Bluejay Diagnostics guide.

Free Cash Flow Yield vs Income Quality

Free Cash Flow Yield vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bluejay Diagnostics Free Cash Flow Yield account and Income Quality. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Bluejay Diagnostics' Free Cash Flow Yield and Income Quality is 0.51. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Income Quality in the same time period over historical financial statements of Bluejay Diagnostics, assuming nothing else is changed. The correlation between historical values of Bluejay Diagnostics' Free Cash Flow Yield and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Bluejay Diagnostics are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Free Cash Flow Yield i.e., Bluejay Diagnostics' Free Cash Flow Yield and Income Quality go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Bluejay Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bluejay Diagnostics 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 Bluejay Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Bluejay Stock please use our How to Invest in Bluejay Diagnostics guide.Selling General Administrative is likely to drop to about 2.7 M in 2024. Issuance Of Capital Stock is likely to drop to about 1.5 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	3.2M	9.4M	10.3M	5.6M
Cost Of Revenue	145.7K	200.1K	781.0K	820.0K

Total Operating Expenses Cost Of Revenue

Bluejay Diagnostics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.81	0.46	0.32	0.99	0.92	0.28	0.69	-0.97	-0.49	0.66	0.96	0.29	0.84	-0.24	0.96	0.8	-0.72	-0.83	-0.84	0.94	0.94	-0.86	0.98	0.23	0.7
Short Long Term Debt Total	-0.81		-0.88	-0.64	-0.8	-0.95	-0.71	-0.85	0.72	0.88	-0.86	-0.69	-0.72	-0.98	0.56	-0.69	-0.98	0.82	0.98	0.97	-0.94	-0.94	0.86	-0.78	-0.69	-0.85
Other Current Liab	0.46	-0.88		0.86	0.46	0.7	0.89	0.84	-0.35	-0.92	0.9	0.32	0.89	0.85	-0.59	0.32	0.86	-0.79	-0.81	-0.85	0.72	0.67	-0.54	0.42	0.84	0.83
Total Current Liabilities	0.32	-0.64	0.86		0.26	0.44	0.67	0.85	-0.21	-0.75	0.91	0.19	0.68	0.7	-0.5	0.19	0.69	-0.86	-0.54	-0.72	0.52	0.45	-0.17	0.23	0.7	0.85
Total Stockholder Equity	0.99	-0.8	0.46	0.26		0.93	0.29	0.67	-0.99	-0.45	0.62	0.98	0.31	0.81	-0.14	0.98	0.76	-0.67	-0.81	-0.8	0.93	0.94	-0.88	1.0	0.17	0.68
Net Tangible Assets	0.92	-0.95	0.7	0.44	0.93		0.49	0.79	-0.88	-0.69	0.74	0.86	0.51	0.92	-0.38	0.86	0.91	-0.76	-0.93	-0.92	0.96	1.0	-0.93	0.92	0.45	0.79
Property Plant And Equipment Net	0.28	-0.71	0.89	0.67	0.29	0.49		0.55	-0.16	-0.81	0.74	0.13	1.0	0.65	-0.47	0.13	0.67	-0.49	-0.68	-0.64	0.59	0.45	-0.46	0.26	0.8	0.54
Current Deferred Revenue	0.69	-0.85	0.84	0.85	0.67	0.79	0.55		-0.65	-0.72	0.93	0.63	0.56	0.88	-0.38	0.63	0.85	-0.98	-0.75	-0.89	0.79	0.8	-0.52	0.65	0.53	1.0
Net Debt	-0.97	0.72	-0.35	-0.21	-0.99	-0.88	-0.16	-0.65		0.32	-0.56	-1.0	-0.17	-0.73	0.03	-1.0	-0.68	0.65	0.71	0.73	-0.87	-0.9	0.8	-0.99	-0.03	-0.65
Retained Earnings	-0.49	0.88	-0.92	-0.75	-0.45	-0.69	-0.81	-0.72	0.32		-0.82	-0.28	-0.82	-0.88	0.84	-0.28	-0.91	0.72	0.88	0.87	-0.71	-0.69	0.63	-0.41	-0.95	-0.71
Accounts Payable	0.66	-0.86	0.9	0.91	0.62	0.74	0.74	0.93	-0.56	-0.82		0.54	0.75	0.91	-0.48	0.54	0.88	-0.94	-0.8	-0.91	0.83	0.74	-0.53	0.6	0.67	0.93
Cash	0.96	-0.69	0.32	0.19	0.98	0.86	0.13	0.63	-1.0	-0.28	0.54		0.14	0.7	0.02	1.0	0.64	-0.62	-0.68	-0.7	0.85	0.88	-0.78	0.99	-0.01	0.63
Non Current Assets Total	0.29	-0.72	0.89	0.68	0.31	0.51	1.0	0.56	-0.17	-0.82	0.75	0.14		0.66	-0.47	0.14	0.68	-0.5	-0.69	-0.65	0.6	0.46	-0.47	0.27	0.8	0.55
Non Currrent Assets Other	0.84	-0.98	0.85	0.7	0.81	0.92	0.65	0.88	-0.73	-0.88	0.91	0.7	0.66		-0.61	0.7	0.99	-0.89	-0.97	-1.0	0.95	0.93	-0.81	0.78	0.7	0.88
Long Term Debt	-0.24	0.56	-0.59	-0.5	-0.14	-0.38	-0.47	-0.38	0.03	0.84	-0.48	0.02	-0.47	-0.61		0.02	-0.68	0.47	0.63	0.6	-0.37	-0.41	0.39	-0.1	-0.9	-0.37
Cash And Short Term Investments	0.96	-0.69	0.32	0.19	0.98	0.86	0.13	0.63	-1.0	-0.28	0.54	1.0	0.14	0.7	0.02		0.64	-0.62	-0.68	-0.7	0.85	0.88	-0.78	0.99	-0.01	0.63
Net Receivables	0.8	-0.98	0.86	0.69	0.76	0.91	0.67	0.85	-0.68	-0.91	0.88	0.64	0.68	0.99	-0.68	0.64		-0.86	-0.98	-0.99	0.92	0.91	-0.81	0.74	0.75	0.84
Common Stock Shares Outstanding	-0.72	0.82	-0.79	-0.86	-0.67	-0.76	-0.49	-0.98	0.65	0.72	-0.94	-0.62	-0.5	-0.89	0.47	-0.62	-0.86		0.75	0.91	-0.79	-0.78	0.5	-0.64	-0.55	-0.98
Non Current Liabilities Total	-0.83	0.98	-0.81	-0.54	-0.81	-0.93	-0.68	-0.75	0.71	0.88	-0.8	-0.68	-0.69	-0.97	0.63	-0.68	-0.98	0.75		0.96	-0.94	-0.93	0.91	-0.79	-0.71	-0.75
Inventory	-0.84	0.97	-0.85	-0.72	-0.8	-0.92	-0.64	-0.89	0.73	0.87	-0.91	-0.7	-0.65	-1.0	0.6	-0.7	-0.99	0.91	0.96		-0.94	-0.93	0.79	-0.78	-0.69	-0.89
Other Current Assets	0.94	-0.94	0.72	0.52	0.93	0.96	0.59	0.79	-0.87	-0.71	0.83	0.85	0.6	0.95	-0.37	0.85	0.92	-0.79	-0.94	-0.94		0.96	-0.89	0.92	0.49	0.79
Other Stockholder Equity	0.94	-0.94	0.67	0.45	0.94	1.0	0.45	0.8	-0.9	-0.69	0.74	0.88	0.46	0.93	-0.41	0.88	0.91	-0.78	-0.93	-0.93	0.96		-0.92	0.93	0.45	0.8
Total Liab	-0.86	0.86	-0.54	-0.17	-0.88	-0.93	-0.46	-0.52	0.8	0.63	-0.53	-0.78	-0.47	-0.81	0.39	-0.78	-0.81	0.5	0.91	0.79	-0.89	-0.92		-0.87	-0.43	-0.52
Net Invested Capital	0.98	-0.78	0.42	0.23	1.0	0.92	0.26	0.65	-0.99	-0.41	0.6	0.99	0.27	0.78	-0.1	0.99	0.74	-0.64	-0.79	-0.78	0.92	0.93	-0.87		0.13	0.66
Property Plant And Equipment Gross	0.23	-0.69	0.84	0.7	0.17	0.45	0.8	0.53	-0.03	-0.95	0.67	-0.01	0.8	0.7	-0.9	-0.01	0.75	-0.55	-0.71	-0.69	0.49	0.45	-0.43	0.13		0.52
Short Long Term Debt	0.7	-0.85	0.83	0.85	0.68	0.79	0.54	1.0	-0.65	-0.71	0.93	0.63	0.55	0.88	-0.37	0.63	0.84	-0.98	-0.75	-0.89	0.79	0.8	-0.52	0.66	0.52

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Bluejay Free Cash Flow Yield vs Income Quality Analysis

Free Cash Flow Yield vs Income Quality

Free Cash Flow Yield vs Income Quality Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Income Quality

Bluejay Diagnostics fundamental ratios Correlations

Bluejay Diagnostics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Bluejay Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Short Long Term Debt	+ 1.0	Current Deferred Revenue
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets

Inventory	- 1.0	Non Currrent Assets Other
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Inventory	- 0.99	Net Receivables
Net Invested Capital	- 0.99	Net Debt
Net Debt	- 0.99	Total Stockholder Equity