The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kits Eyecare Pocfratio account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Kits Eyecare's Pocfratio and Free Cash Flow Yield is 0.1. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Kits Eyecare, assuming nothing else is changed. The correlation between historical values of Kits Eyecare's Pocfratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of Kits Eyecare are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Pocfratio i.e., Kits Eyecare's Pocfratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Kits Eyecare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kits Eyecare 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kits Eyecare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Kits Eyecare's
Issuance Of Capital Stock is very stable compared to the past year. As of the 1st of December 2024,
Sales General And Administrative To Revenue is likely to grow to 0.14, though
Tax Provision is likely to grow to (642.2
K).
Balance Sheet is a snapshot of the
financial position of Kits Eyecare at a specified time, usually calculated after every quarter, six months, or one year. Kits Eyecare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kits Eyecare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kits currently owns. An asset can also be divided into two categories, current and non-current.