EBR-B Stock | | | USD 6.72 0.05 0.74% |
Centrais Elétricas financial indicator trend analysis is way more than just evaluating Centrais Elétricas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centrais Elétricas is a good investment. Please check the relationship between Centrais Elétricas Property Plant And Equipment Gross and its Common Stock accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Centrais Eltricas Brasileiras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Centrais Elétricas Property Plant And Equipment Gross account and
Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Centrais Elétricas' Property Plant And Equipment Gross and Common Stock is 0.59. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Common Stock in the same time period over historical financial statements of Centrais Eltricas Brasileiras, assuming nothing else is changed. The correlation between historical values of Centrais Elétricas' Property Plant And Equipment Gross and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Centrais Eltricas Brasileiras are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Property Plant And Equipment Gross i.e., Centrais Elétricas' Property Plant And Equipment Gross and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Most indicators from Centrais Elétricas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centrais Elétricas 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Centrais Eltricas Brasileiras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At present, Centrais Elétricas'
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Discontinued Operations is expected to grow to about 1.2
B, whereas
Tax Provision is projected to grow to (373.4
M).
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.
Balance Sheet is a snapshot of the
financial position of Centrais Elétricas at a specified time, usually calculated after every quarter, six months, or one year. Centrais Elétricas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Centrais Elétricas and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Centrais currently owns. An asset can also be divided into two categories, current and non-current.