Eureka Net Income Per Share vs Roic 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 Net Income Per Share and its Roic 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.
Net Income Per Share vs Roic
Net Income Per Share vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eureka Acquisition Corp Net Income Per Share account and Roic. At this time, the significance of the direction appears to have totally related.
The correlation between Eureka Acquisition's Net Income Per Share and Roic is 1.0. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Roic 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 Net Income Per Share and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Eureka Acquisition Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Net Income Per Share i.e., Eureka Acquisition's Net Income Per Share and Roic go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income Per Share
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Thematic Opportunities
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