| GWAV Stock | | | USD 0.32 0.02 6.67% |
Greenwave Technology financial indicator trend analysis is much more than just examining Greenwave Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenwave Technology is a good investment. Please check the relationship between Greenwave Technology Other Current Assets and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenwave Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Other Current Assets vs Total Current Liabilities
Other Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Greenwave Technology Other Current Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Greenwave Technology's Other Current Assets and Total Current Liabilities is 0.23. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Greenwave Technology Solutions, assuming nothing else is changed. The correlation between historical values of Greenwave Technology's Other Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Greenwave Technology Solutions are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Greenwave Technology's Other Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Total Current Liabilities
Total Current Liabilities is an item on Greenwave Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Greenwave Technology Solutions are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Greenwave Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenwave Technology 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 Greenwave Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Issuance Of Capital Stock is likely to climb to about 3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 10.8
M in 2024.
Greenwave Technology fundamental ratios Correlations
Click cells to compare fundamentals
Greenwave Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greenwave Technology fundamental ratios Accounts
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Additional Tools for Greenwave Stock Analysis
When running Greenwave Technology's price analysis, check to
measure Greenwave Technology'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 Greenwave Technology is operating at the current time. Most of Greenwave Technology's value examination focuses on studying past and present price action to
predict the probability of Greenwave Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenwave Technology's price. Additionally, you may evaluate how the addition of Greenwave Technology to your portfolios can decrease your overall portfolio volatility.