| BNOX Stock | | | USD 0.29 0.01 3.57% |
Bionomics financial indicator trend analysis is way more than just evaluating Bionomics ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bionomics ADR is a good investment. Please check the relationship between Bionomics Retained Earnings and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bionomics Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bionomics ADR Retained Earnings account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bionomics' Retained Earnings and Cash is -0.06. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Bionomics Ltd ADR, assuming nothing else is changed. The correlation between historical values of Bionomics' Retained Earnings 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 Retained Earnings of Bionomics Ltd ADR 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 Retained Earnings i.e., Bionomics' Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Cash
Cash refers to the most liquid asset of Bionomics ADR, which is listed under current asset account on Bionomics Ltd ADR balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bionomics customers. The amounts must be unrestricted with restricted cash listed in a different Bionomics 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 Bionomics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bionomics ADR 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 Bionomics Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
At this time, Bionomics'
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 17
M in 2024, whereas
Tax Provision is likely to drop (91.7
K) in 2024.
Bionomics fundamental ratios Correlations
Click cells to compare fundamentals
Bionomics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bionomics fundamental ratios Accounts
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Additional Tools for Bionomics Stock Analysis
When running Bionomics' price analysis, check to
measure Bionomics' 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 Bionomics is operating at the current time. Most of Bionomics' value examination focuses on studying past and present price action to
predict the probability of Bionomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bionomics' price. Additionally, you may evaluate how the addition of Bionomics to your portfolios can decrease your overall portfolio volatility.