| EGY Stock | | | 0.03 0.00 0.00% |
Energy Technologies financial indicator trend analysis is much more than just examining Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Technologies is a good investment. Please check the relationship between Energy Technologies Common Stock Shares Outstanding and its Current Deferred Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Technologies Limited. 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.
Common Stock Shares Outstanding vs Current Deferred Revenue
Common Stock Shares Outstanding vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Technologies Common Stock Shares Outstanding account and
Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Energy Technologies' Common Stock Shares Outstanding and Current Deferred Revenue is 0.22. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Energy Technologies Limited, assuming nothing else is changed. The correlation between historical values of Energy Technologies' Common Stock Shares Outstanding and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Energy Technologies Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Common Stock Shares Outstanding i.e., Energy Technologies' Common Stock Shares Outstanding and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Energy Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Technologies Limited. 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 this time, Energy Technologies'
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 4.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.3
M in 2024.
Energy Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Energy Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Technologies 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 Energy Stock Analysis
When running Energy Technologies' price analysis, check to
measure Energy Technologies' 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 Energy Technologies is operating at the current time. Most of Energy Technologies' value examination focuses on studying past and present price action to
predict the probability of Energy Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Technologies' price. Additionally, you may evaluate how the addition of Energy Technologies to your portfolios can decrease your overall portfolio volatility.