Hennessy Current Deferred Revenue vs Capital Stock Analysis
| HCVIW Stock | USD 0.12 0.00 0.00% |
Hennessy Capital financial indicator trend analysis is much more than just examining Hennessy Capital Inv latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hennessy Capital Inv is a good investment. Please check the relationship between Hennessy Capital Current Deferred Revenue and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Current Deferred Revenue vs Capital Stock
Current Deferred Revenue vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hennessy Capital Inv Current Deferred Revenue account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hennessy Capital's Current Deferred Revenue and Capital Stock is 0.97. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Hennessy Capital Investment, assuming nothing else is changed. The correlation between historical values of Hennessy Capital's Current Deferred Revenue and Capital 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 Current Deferred Revenue of Hennessy Capital Investment are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Current Deferred Revenue i.e., Hennessy Capital's Current Deferred Revenue and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Hennessy Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hennessy Capital Inv 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Hennessy Capital's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 44.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 18.5M | 21.3M | 11.9M | Depreciation And Amortization | 415.6K | 2.3M | 16.3M | 17.1M |
Hennessy Capital fundamental ratios Correlations
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Hennessy Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hennessy Stock Analysis
When running Hennessy Capital's price analysis, check to measure Hennessy Capital'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 Hennessy Capital is operating at the current time. Most of Hennessy Capital's value examination focuses on studying past and present price action to predict the probability of Hennessy Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hennessy Capital's price. Additionally, you may evaluate how the addition of Hennessy Capital to your portfolios can decrease your overall portfolio volatility.