WEYS Stock | | | USD 36.36 0.33 0.92% |
Weyco financial indicator trend analysis is more than just analyzing Weyco Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weyco Group is a good investment. Please check the relationship between Weyco Total Liab and its Short Term Debt accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Total Liab vs Short Term Debt
Total Liab vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Weyco Group Total Liab account and
Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Weyco's Total Liab and Short Term Debt is 0.71. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Weyco Group, assuming nothing else is changed. The correlation between historical values of Weyco's Total Liab and Short Term Debt 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 Liab of Weyco Group are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Liab i.e., Weyco's Total Liab and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Short Term Debt
Most indicators from Weyco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weyco Group 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 Weyco Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, Weyco's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 7.15 in 2024, whereas
Tax Provision is likely to drop slightly above 8
M in 2024.
Weyco fundamental ratios Correlations
Click cells to compare fundamentals
Weyco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Weyco fundamental ratios Accounts
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Additional Tools for Weyco Stock Analysis
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