SUNation Roe vs Capex To Depreciation Analysis
| SUNE Stock | 2.48 0.03 1.20% |
SUNation Energy financial indicator trend analysis is much more than just breaking down SUNation Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SUNation Energy is a good investment. Please check the relationship between SUNation Energy Roe and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation Energy. 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. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock guide.
Roe vs Capex To Depreciation
Roe vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SUNation Energy Roe account and Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SUNation Energy's Roe and Capex To Depreciation is -0.59. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of SUNation Energy, assuming nothing else is changed. The correlation between historical values of SUNation Energy's Roe and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of SUNation Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Roe i.e., SUNation Energy's Roe and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Roe
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Also Currently Popular
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation Energy. 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. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Electronic Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SUNation Energy. If investors know SUNation will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SUNation Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SUNation Energy is measured differently than its book value, which is the value of SUNation that is recorded on the company's balance sheet. Investors also form their own opinion of SUNation Energy's value that differs from its market value or its book value, called intrinsic value, which is SUNation Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SUNation Energy's market value can be influenced by many factors that don't directly affect SUNation Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SUNation Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SUNation Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SUNation Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.