ENZ Stock | | | USD 1.04 0.06 6.12% |
Enzo Biochem financial indicator trend analysis is much more than just examining Enzo Biochem latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enzo Biochem is a good investment. Please check the relationship between Enzo Biochem Property Plant Equipment and its Net Invested Capital accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enzo Biochem. 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.
For more information on how to buy Enzo Stock please use our
How to Invest in Enzo Biochem guide.
Property Plant Equipment vs Net Invested Capital
Property Plant Equipment vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enzo Biochem Property Plant Equipment account and
Net Invested Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Enzo Biochem's Property Plant Equipment and Net Invested Capital is -0.52. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Enzo Biochem, assuming nothing else is changed. The correlation between historical values of Enzo Biochem's Property Plant Equipment and Net Invested Capital 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 Equipment of Enzo Biochem are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Property Plant Equipment i.e., Enzo Biochem's Property Plant Equipment and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Enzo Biochem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enzo Biochem 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 Enzo Biochem. 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.
For more information on how to buy Enzo Stock please use our
How to Invest in Enzo Biochem guide.At this time, Enzo Biochem's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 54.7
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Enzo Biochem fundamental ratios Correlations
Click cells to compare fundamentals
Enzo Biochem Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enzo Biochem fundamental ratios Accounts
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Additional Tools for Enzo Stock Analysis
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measure Enzo Biochem'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 Enzo Biochem is operating at the current time. Most of Enzo Biochem's value examination focuses on studying past and present price action to
predict the probability of Enzo Biochem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enzo Biochem's price. Additionally, you may evaluate how the addition of Enzo Biochem to your portfolios can decrease your overall portfolio volatility.