| CETY Stock | | | USD 0.70 0.03 4.48% |
Clean Energy financial indicator trend analysis is way more than just evaluating Clean Energy Technol prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Energy Technol is a good investment. Please check the relationship between Clean Energy Cash And Short Term Investments and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy 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 estimate.
Cash And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clean Energy Technol Cash And Short Term Investments account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Clean Energy's Cash And Short Term Investments and Accounts Payable is -0.21. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Clean Energy Technologies,, assuming nothing else is changed. The correlation between historical values of Clean Energy's Cash And Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Clean Energy Technologies, are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., Clean Energy's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.21 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Clean Energy Technol balance sheet. This account contains Clean Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Clean Energy Technologies, fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Accounts Payable
An accounting item on the balance sheet that represents Clean Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Clean Energy Technol are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Clean Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Energy Technol 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 Clean Energy 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 estimate.
At this time, Clean Energy's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 77.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.9
M in 2024.
Clean Energy fundamental ratios Correlations
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Clean Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clean Energy fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Clean Stock Analysis
When running Clean Energy's price analysis, check to
measure Clean Energy'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 Clean Energy is operating at the current time. Most of Clean Energy's value examination focuses on studying past and present price action to
predict the probability of Clean Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Energy's price. Additionally, you may evaluate how the addition of Clean Energy to your portfolios can decrease your overall portfolio volatility.