Eureka Free Cash Flow Yield vs Earnings Yield Analysis
| EURKU Stock | 10.29 0.00 0.00% |
Eureka Acquisition financial indicator trend analysis is much more than just examining Eureka Acquisition Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eureka Acquisition Corp is a good investment. Please check the relationship between Eureka Acquisition Free Cash Flow Yield and its Earnings Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eureka Acquisition 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 industry.
Free Cash Flow Yield vs Earnings Yield
Free Cash Flow Yield vs Earnings Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eureka Acquisition Corp Free Cash Flow Yield account and Earnings Yield. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eureka Acquisition's Free Cash Flow Yield and Earnings Yield is 0.95. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Earnings Yield in the same time period over historical financial statements of Eureka Acquisition Corp, assuming nothing else is changed. The correlation between historical values of Eureka Acquisition's Free Cash Flow Yield and Earnings Yield 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 Eureka Acquisition Corp are associated (or correlated) with its Earnings Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earnings Yield has no effect on the direction of Free Cash Flow Yield i.e., Eureka Acquisition's Free Cash Flow Yield and Earnings Yield go up and down completely randomly.
Correlation Coefficient | 0.95 |
| 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.Earnings Yield
The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.Thematic Opportunities
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