| CBLU Stock | | | CAD 0.02 0.01 33.33% |
Clear Blue financial indicator trend analysis is way more than just evaluating Clear Blue Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clear Blue Technologies is a good investment. Please check the relationship between Clear Blue Other Assets and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Clear Blue Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Other Assets vs Total Current Liabilities
Other Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clear Blue Technologies Other Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Clear Blue's Other Assets and Total Current Liabilities is -0.24. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Clear Blue Technologies, assuming nothing else is changed. The correlation between historical values of Clear Blue's Other Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Clear Blue Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Assets i.e., Clear Blue's Other Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Assets
Total Current Liabilities
Total Current Liabilities is an item on Clear Blue balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Clear Blue Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Clear Blue's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clear Blue Technologies 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 Clear Blue Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
At this time, Clear Blue's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 2.3
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(15.03) in 2024.
Clear Blue fundamental ratios Correlations
Click cells to compare fundamentals
Clear Blue Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clear Blue fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Clear Stock Analysis
When running Clear Blue's price analysis, check to
measure Clear Blue'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 Clear Blue is operating at the current time. Most of Clear Blue's value examination focuses on studying past and present price action to
predict the probability of Clear Blue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clear Blue's price. Additionally, you may evaluate how the addition of Clear Blue to your portfolios can decrease your overall portfolio volatility.