| OTC Stock | | | 0.34 0.02 6.25% |
Ocumetics Technology financial indicator trend analysis is much more than just breaking down Ocumetics Technology Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocumetics Technology Corp is a good investment. Please check the relationship between Ocumetics Technology Average Payables and its Free Cash Flow Yield accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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.
Average Payables vs Free Cash Flow Yield
Average Payables vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ocumetics Technology Corp Average Payables account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ocumetics Technology's Average Payables and Free Cash Flow Yield is -0.7. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Ocumetics Technology Corp, assuming nothing else is changed. The correlation between historical values of Ocumetics Technology's Average Payables 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 Average Payables of Ocumetics Technology Corp 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 Average Payables i.e., Ocumetics Technology's Average Payables and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Free Cash Flow Yield
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 Ocumetics Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocumetics Technology Corp 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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, Ocumetics Technology's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.9
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(11.80) in 2024.
Ocumetics Technology fundamental ratios Correlations
Click cells to compare fundamentals
Ocumetics Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ocumetics Technology fundamental ratios Accounts
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Additional Tools for Ocumetics Stock Analysis
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