| ENET Stock | | | 0.12 0.01 7.69% |
Ethernity Networks financial indicator trend analysis is much more than just examining Ethernity Networks latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethernity Networks is a good investment. Please check the relationship between Ethernity Networks Cash And Short Term Investments and its Retained Earnings accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethernity Networks. 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.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ethernity Networks Cash And Short Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between Ethernity Networks' Cash And Short Term Investments and Retained Earnings is 0.04. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ethernity Networks, assuming nothing else is changed. The correlation between historical values of Ethernity Networks' Cash And Short Term Investments and Retained Earnings 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 Ethernity Networks are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Ethernity Networks' Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.04 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Ethernity Networks balance sheet. This account contains Ethernity Networks investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ethernity Networks 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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Ethernity Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethernity Networks 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 Ethernity Networks. 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.
Selling General Administrative is likely to drop to about 463.8
K in 2024.
Tax Provision is expected to grow at the current pace this year
Ethernity Networks fundamental ratios Correlations
Click cells to compare fundamentals
Ethernity Networks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ethernity Networks fundamental ratios Accounts
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