| TOPS Stock | | | USD 7.59 0.01 0.13% |
TOP Ships financial indicator trend analysis is much more than just breaking down TOP Ships prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TOP Ships is a good investment. Please check the relationship between TOP Ships Ebitda and its Income Tax Expense accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy TOP Stock please use our
How to Invest in TOP Ships guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TOP Ships Ebitda account and
Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TOP Ships' Ebitda and Income Tax Expense is -0.04. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of TOP Ships, assuming nothing else is changed. The correlation between historical values of TOP Ships' Ebitda and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of TOP Ships are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Ebitda i.e., TOP Ships' Ebitda and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Most indicators from TOP Ships' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TOP Ships 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 TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy TOP Stock please use our
How to Invest in TOP Ships guide.At this time, TOP Ships'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 6.17 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 12.9
M in 2024.
When running TOP Ships' price analysis, check to
measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to
predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.