| SPRU Stock | | | 2.29 0.04 1.72% |
Spruce Power financial indicator trend analysis is much more than just breaking down Spruce Power Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spruce Power Holding is a good investment. Please check the relationship between Spruce Power Non Current Assets Total and its Other Current Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Power Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Non Current Assets Total vs Other Current Liab
Non Current Assets Total vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spruce Power Holding Non Current Assets Total account and
Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Spruce Power's Non Current Assets Total and Other Current Liab is 0.97. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Spruce Power Holding, assuming nothing else is changed. The correlation between historical values of Spruce Power's Non Current Assets Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Spruce Power Holding are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Assets Total i.e., Spruce Power's Non Current Assets Total and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Other Current Liab
Most indicators from Spruce Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spruce Power Holding 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Power Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Spruce Power's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 101.19 in 2024, whereas
Discontinued Operations is likely to drop (37.9
M) in 2024.
Spruce Power fundamental ratios Correlations
Click cells to compare fundamentals
Spruce Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spruce Power fundamental ratios Accounts
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Additional Tools for Spruce Stock Analysis
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measure Spruce Power'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 Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to
predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.