Eco Cash Ratio vs Free Cash Flow Yield Analysis
| WAVE Stock | USD 9.82 1.79 15.42% |
Eco Wave financial indicator trend analysis is much more than just examining Eco Wave Power latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Wave Power is a good investment. Please check the relationship between Eco Wave Cash Ratio and its Free Cash Flow Yield accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Eco Wave Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Cash Ratio vs Free Cash Flow Yield
Cash Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Wave Power Cash Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eco Wave's Cash Ratio and Free Cash Flow Yield is 0.31. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Eco Wave Power, assuming nothing else is changed. The correlation between historical values of Eco Wave's Cash Ratio 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 Cash Ratio of Eco Wave Power 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 Cash Ratio i.e., Eco Wave's Cash Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash Ratio
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 Eco Wave's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Wave Power 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Eco Wave Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. As of November 28, 2024, Selling General Administrative is expected to decline to about 1.8 M. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 248K | 209K | 170K | 161.5K | Total Operating Expenses | 3.1M | 3.6M | 2.7M | 2.1M |
Eco Wave fundamental ratios Correlations
Click cells to compare fundamentals
Eco Wave Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eco Wave fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 13.5M | 12.7M | 16.6M | 11.9M | 10.0M | 9.5M | |
| Other Current Liab | (85.5K) | 446K | 510K | 733K | 957K | 909.2K | |
| Total Current Liabilities | 708.4K | 583.1K | 903K | 1.9M | 2.1M | 2.0M | |
| Total Stockholder Equity | 10.9M | 10.8M | 14.7M | 9.9M | 8.0M | 7.6M | |
| Accounts Payable | 517.3K | 43K | 46K | 75K | 50K | 47.5K | |
| Cash | 11.7M | 10.7M | 14.6M | 5.3M | 4.3M | 4.1M | |
| Long Term Debt | 15.4M | 9.8M | 1.0M | 96K | 78K | 74.1K | |
| Short Term Investments | 257.1K | 110.0K | 0.0 | 5M | 4.1M | 3.9M | |
| Other Current Assets | 59.9K | 285K | 459K | 5.2M | 139.0K | 132.1K | |
| Total Liab | 2.6M | 1.9M | 1.9M | 2.0M | 2.2M | 2.1M | |
| Property Plant Equipment | 1.5M | 1.7M | 1.3M | 888K | 799.2K | 759.2K | |
| Common Stock | 2K | 75.3K | 85.8K | 98K | 88.2K | 76.0K | |
| Net Tangible Assets | 11.3M | 10.8M | 14.7M | 9.9M | 11.4M | 8.2M | |
| Property Plant And Equipment Net | 1.5M | 1.7M | 1.3M | 888K | 726K | 951.5K | |
| Net Debt | (11.4M) | (9.3M) | (13.3M) | (4.1M) | (3.1M) | (3.2M) | |
| Retained Earnings | (4.4M) | (6.5M) | (8.4M) | (11.3M) | (13.0M) | (12.3M) | |
| Non Current Assets Total | 1.5M | 1.7M | 1.6M | 1.4M | 1.3M | 1.5M | |
| Cash And Short Term Investments | 11.8M | 10.7M | 14.6M | 10.3M | 8.4M | 8.9M | |
| Net Receivables | 154.9K | 97.4K | 60K | 9K | 234K | 173.1K | |
| Common Stock Shares Outstanding | 4.0M | 4.4M | 5.0M | 5.5M | 5.0M | 4.7M | |
| Liabilities And Stockholders Equity | 13.5M | 12.7M | 16.6M | 11.9M | 10.0M | 10.6M | |
| Non Current Liabilities Total | 1.9M | 1.3M | 1.0M | 184K | 78K | 74.1K | |
| Other Stockholder Equity | 2.4M | 15.2M | 18.5M | 23.1M | 26.6M | 16.8M | |
| Net Invested Capital | 101.6M | 98.2M | 16.0M | 10.9M | 9.1M | 8.6M | |
| Total Current Assets | 12.0M | 11.0M | 15.1M | 10.5M | 8.8M | 9.2M | |
| Net Working Capital | 105.5M | 85.4M | 14.2M | 8.7M | 6.6M | 6.3M |
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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.When determining whether Eco Wave Power is a strong investment it is important to analyze Eco Wave's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eco Wave's future performance. For an informed investment choice regarding Eco Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Eco Wave Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Application Software 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 Eco Wave. If investors know Eco 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 Eco Wave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.41) | Revenue Per Share 0.055 | Quarterly Revenue Growth (0.08) | Return On Assets (0.15) | Return On Equity (0.27) |
The market value of Eco Wave Power is measured differently than its book value, which is the value of Eco that is recorded on the company's balance sheet. Investors also form their own opinion of Eco Wave's value that differs from its market value or its book value, called intrinsic value, which is Eco Wave'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 Eco Wave's market value can be influenced by many factors that don't directly affect Eco Wave'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 Eco Wave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eco Wave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eco Wave'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.