| EQTY Stock | | | CAD 0.18 0.01 5.26% |
Equity Metals financial indicator trend analysis is much more than just examining Equity Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Metals Corp is a good investment. Please check the relationship between Equity Metals Free Cash Flow Yield and its Operating Cash Flow Per Share accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Free Cash Flow Yield vs Operating Cash Flow Per Share
Free Cash Flow Yield vs Operating Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Metals Corp Free Cash Flow Yield account and
Operating Cash Flow Per Share. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Equity Metals' Free Cash Flow Yield and Operating Cash Flow Per Share is 0.9. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Operating Cash Flow Per Share in the same time period over historical financial statements of Equity Metals Corp, assuming nothing else is changed. The correlation between historical values of Equity Metals' Free Cash Flow Yield and Operating Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Equity Metals Corp are associated (or correlated) with its Operating Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Cash Flow Per Share has no effect on the direction of Free Cash Flow Yield i.e., Equity Metals' Free Cash Flow Yield and Operating Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.
Most indicators from Equity Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Metals Corp 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 Equity Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Enterprise Value is likely to climb to about 12.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 797.8
K in 2024.
Equity Metals fundamental ratios Correlations
Click cells to compare fundamentals
Equity Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Metals fundamental ratios Accounts
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