| WBE Stock | | | CAD 0.22 0.02 8.33% |
Westbond Enterprises financial indicator trend analysis is more than just analyzing Westbond Enterprises Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westbond Enterprises Corp is a good investment. Please check the relationship between Westbond Enterprises Total Stockholder Equity and its Non Currrent Assets Other accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westbond Enterprises Corp. 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.
Total Stockholder Equity vs Non Currrent Assets Other
Total Stockholder Equity vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westbond Enterprises Corp Total Stockholder Equity account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Westbond Enterprises' Total Stockholder Equity and Non Currrent Assets Other is -0.66. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Westbond Enterprises Corp, assuming nothing else is changed. The correlation between historical values of Westbond Enterprises' Total Stockholder Equity and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Westbond Enterprises Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Stockholder Equity i.e., Westbond Enterprises' Total Stockholder Equity and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.66 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Westbond Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westbond Enterprises Corp 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 Westbond Enterprises Corp. 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.
At this time, Westbond Enterprises'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 33.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 837.8
K in 2024.
Westbond Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
Westbond Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westbond Enterprises fundamental ratios Accounts
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