| PXSAW Stock | | | USD 0.50 0.00 0.00% |
Pyxis Tankers financial indicator trend analysis is much more than just breaking down Pyxis Tankers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pyxis Tankers is a good investment. Please check the relationship between Pyxis Tankers Depreciation And Amortization and its Total Assets accounts. Check out
Your Equity Center 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 nation.
Depreciation And Amortization vs Total Assets
Depreciation And Amortization vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pyxis Tankers Depreciation And Amortization account and
Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Pyxis Tankers' Depreciation And Amortization and Total Assets is 0.13. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Assets in the same time period over historical financial statements of Pyxis Tankers, assuming nothing else is changed. The correlation between historical values of Pyxis Tankers' Depreciation And Amortization and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Pyxis Tankers are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Depreciation And Amortization i.e., Pyxis Tankers' Depreciation And Amortization and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Total Assets
Total assets refers to the total amount of Pyxis Tankers assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pyxis Tankers books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Pyxis Tankers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pyxis Tankers 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. 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.
At this time, Pyxis Tankers'
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 1.54 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 3.3M | 4.4M | 5.8M | 3.9M | Depreciation And Amortization | 5.3M | 6.5M | 5.9M | 6.0M |
Pyxis Tankers fundamental ratios Correlations
Click cells to compare fundamentals
Pyxis Tankers Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pyxis Tankers fundamental ratios Accounts
Also Currently Popular
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 Pyxis Stock Analysis
When running Pyxis Tankers' price analysis, check to
measure Pyxis Tankers' 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 Pyxis Tankers is operating at the current time. Most of Pyxis Tankers' value examination focuses on studying past and present price action to
predict the probability of Pyxis Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pyxis Tankers' price. Additionally, you may evaluate how the addition of Pyxis Tankers to your portfolios can decrease your overall portfolio volatility.