GOEVW Stock | | | USD 0.02 0 5.96% |
Canoo Holdings financial indicator trend analysis is way more than just evaluating Canoo Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Holdings is a good investment. Please check the relationship between Canoo Holdings Deferred Long Term Liab and its Common Stock Total Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Canoo Stock please use our
How to Invest in Canoo Holdings guide.
Deferred Long Term Liab vs Common Stock Total Equity
Deferred Long Term Liab vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canoo Holdings Deferred Long Term Liab account and
Common Stock Total Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Canoo Holdings' Deferred Long Term Liab and Common Stock Total Equity is -0.48. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Canoo Holdings, assuming nothing else is changed. The correlation between historical values of Canoo Holdings' Deferred Long Term Liab and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Canoo Holdings are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Deferred Long Term Liab i.e., Canoo Holdings' Deferred Long Term Liab and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Canoo Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoo Holdings 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 Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Canoo Stock please use our
How to Invest in Canoo Holdings guide.
Selling General Administrative is likely to drop to about 104
M in 2024.
Tax Provision is expected to grow at the current pace this year
Canoo Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Canoo Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoo Holdings fundamental ratios Accounts
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Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to
measure Canoo Holdings' 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 Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to
predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.