| GOEV Stock | | | USD 0.42 0.03 6.67% |
Canoo financial indicator trend analysis is way more than just evaluating Canoo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Inc is a good investment. Please check the relationship between Canoo Capital Expenditures and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo 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 income.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canoo Inc Capital Expenditures account and
Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Canoo's Capital Expenditures and Net Income is -0.7. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Canoo Inc, assuming nothing else is changed. The correlation between historical values of Canoo's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Canoo Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Canoo's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Canoo Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canoo operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Canoo Inc financial statement analysis. It represents the amount of money remaining after all of Canoo Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Canoo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoo 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 Canoo 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 income.
Tax Provision is expected to grow at the current pace this year.
Selling General Administrative is likely to drop to about 113.5
M in 2024
Canoo fundamental ratios Correlations
Click cells to compare fundamentals
Canoo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoo fundamental ratios Accounts
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Additional Tools for Canoo Stock Analysis
When running Canoo's price analysis, check to
measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to
predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.