EGL Stock | | | 191.00 0.50 0.26% |
Ecofin Global financial indicator trend analysis is much more than just examining Ecofin Global Utilities latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ecofin Global Utilities is a good investment. Please check the relationship between Ecofin Global Non Current Liabilities Total and its Selling General Administrative accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecofin Global Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Non Current Liabilities Total vs Selling General Administrative
Non Current Liabilities Total vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ecofin Global Utilities Non Current Liabilities Total account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ecofin Global's Non Current Liabilities Total and Selling General Administrative is -0.31. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Ecofin Global Utilities, assuming nothing else is changed. The correlation between historical values of Ecofin Global's Non Current Liabilities Total and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Ecofin Global Utilities are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Liabilities Total i.e., Ecofin Global's Non Current Liabilities Total and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Selling General Administrative
Most indicators from Ecofin Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ecofin Global Utilities 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 Ecofin Global Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 27, 2024,
Tax Provision is expected to decline to about 992.8
K. In addition to that, Selling General Administrative is expected to decline to about 674.6
KEcofin Global fundamental ratios Correlations
Click cells to compare fundamentals
Ecofin Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ecofin Global fundamental ratios Accounts
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Other Information on Investing in Ecofin Stock
Balance Sheet is a snapshot of the
financial position of Ecofin Global Utilities at a specified time, usually calculated after every quarter, six months, or one year. Ecofin Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ecofin Global 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 Ecofin currently owns. An asset can also be divided into two categories, current and non-current.