Gogoro Retained Earnings vs Common Stock Analysis
GGR Stock | USD 0.56 0.03 5.66% |
Gogoro financial indicator trend analysis is much more than just examining Gogoro Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gogoro Inc is a good investment. Please check the relationship between Gogoro Retained Earnings and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogoro 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 price.
Retained Earnings vs Common Stock
Retained Earnings vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gogoro Inc Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Gogoro's Retained Earnings and Common Stock is -0.51. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of Gogoro Inc, assuming nothing else is changed. The correlation between historical values of Gogoro's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Gogoro Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Gogoro's Retained Earnings and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Common Stock
Most indicators from Gogoro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gogoro 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogoro 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 price. At this time, Gogoro's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/29/2024, Enterprise Value Multiple is likely to grow to 36.87, while Tax Provision is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 94.8M | 94.8M | 98.4M | 93.2M | Interest Income | 625K | 2.9M | 2.8M | 1.8M |
Gogoro fundamental ratios Correlations
Click cells to compare fundamentals
Gogoro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Additional Tools for Gogoro Stock Analysis
When running Gogoro's price analysis, check to measure Gogoro'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 Gogoro is operating at the current time. Most of Gogoro's value examination focuses on studying past and present price action to predict the probability of Gogoro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gogoro's price. Additionally, you may evaluate how the addition of Gogoro to your portfolios can decrease your overall portfolio volatility.