| WISH Stock | | | CAD 0.28 0.02 7.69% |
Wishpond Technologies financial indicator trend analysis is more than just analyzing Wishpond Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wishpond Technologies is a good investment. Please check the relationship between Wishpond Technologies Cash and its Capital Lease Obligations accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wishpond Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Cash vs Capital Lease Obligations
Cash vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wishpond Technologies Cash account and
Capital Lease Obligations. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Wishpond Technologies' Cash and Capital Lease Obligations is -0.56. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Wishpond Technologies, assuming nothing else is changed. The correlation between historical values of Wishpond Technologies' Cash and Capital Lease Obligations 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 of Wishpond Technologies are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Cash i.e., Wishpond Technologies' Cash and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Wishpond Technologies, which is listed under current asset account on Wishpond Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Wishpond Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Wishpond Technologies account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Capital Lease Obligations
Wishpond Technologies capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Wishpond Technologies asset purchases. For example, Wishpond Technologies can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Wishpond Technologies control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Wishpond Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wishpond Technologies 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 Wishpond Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, Wishpond Technologies'
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 25.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 10.5
M in 2024.
Wishpond Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Wishpond Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wishpond Technologies fundamental ratios Accounts
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Additional Tools for Wishpond Stock Analysis
When running Wishpond Technologies' price analysis, check to
measure Wishpond Technologies' 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 Wishpond Technologies is operating at the current time. Most of Wishpond Technologies' value examination focuses on studying past and present price action to
predict the probability of Wishpond Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wishpond Technologies' price. Additionally, you may evaluate how the addition of Wishpond Technologies to your portfolios can decrease your overall portfolio volatility.