| FDI Stock | | | CAD 0.47 0.02 4.44% |
Findev financial indicator trend analysis is much more than just examining Findev Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Findev Inc is a good investment. Please check the relationship between Findev Common Stock Shares Outstanding and its Net Invested Capital accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Findev Inc. 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.
Common Stock Shares Outstanding vs Net Invested Capital
Common Stock Shares Outstanding vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Findev Inc Common Stock Shares Outstanding account and
Net Invested Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Findev's Common Stock Shares Outstanding and Net Invested Capital is -0.64. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Findev Inc, assuming nothing else is changed. The correlation between historical values of Findev's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Findev Inc 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 Common Stock Shares Outstanding i.e., Findev's Common Stock Shares Outstanding and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
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 Findev's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Findev Inc 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 Findev Inc. 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, Findev's
Discontinued Operations is fairly stable compared to the past year.
Tax Provision is likely to climb to about 1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 289.3
K in 2024.
Findev fundamental ratios Correlations
Click cells to compare fundamentals
Findev Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Findev fundamental ratios Accounts
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Additional Tools for Findev Stock Analysis
When running Findev's price analysis, check to
measure Findev'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 Findev is operating at the current time. Most of Findev's value examination focuses on studying past and present price action to
predict the probability of Findev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Findev's price. Additionally, you may evaluate how the addition of Findev to your portfolios can decrease your overall portfolio volatility.