| 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 Total Assets and its Property Plant Equipment 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.
Total Assets vs Property Plant Equipment
Total Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clear Blue Technologies Total Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Clear Blue's Total Assets and Property Plant Equipment is 0.85. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment 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 Total Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Clear Blue Technologies are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., Clear Blue's Total Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Clear Blue 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 Clear Blue Technologies 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.
Property Plant Equipment
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
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Additional Tools for Clear Stock Analysis
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