| ERA Stock | | | CAD 0.02 0.00 0.00% |
Elcora Advanced financial indicator trend analysis is much more than just examining Elcora Advanced Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elcora Advanced Materials is a good investment. Please check the relationship between Elcora Advanced Ptb Ratio and its Average Payables accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elcora Advanced Materials. 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.
Ptb Ratio vs Average Payables
Ptb Ratio vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elcora Advanced Materials Ptb Ratio account and
Average Payables. At this time, the significance of the direction appears to have pay attention.
The correlation between Elcora Advanced's Ptb Ratio and Average Payables is -0.73. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Elcora Advanced Materials, assuming nothing else is changed. The correlation between historical values of Elcora Advanced's Ptb Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Elcora Advanced Materials are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ptb Ratio i.e., Elcora Advanced's Ptb Ratio and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.73 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Elcora Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elcora Advanced Materials 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 Elcora Advanced Materials. 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, Elcora Advanced's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 9.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Elcora Advanced fundamental ratios Correlations
Click cells to compare fundamentals
Elcora Advanced Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elcora Advanced fundamental ratios Accounts
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Additional Tools for Elcora Stock Analysis
When running Elcora Advanced's price analysis, check to
measure Elcora Advanced'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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to
predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.