| WKSP Stock | | | USD 0.59 0.02 3.28% |
Worksport financial indicator trend analysis is more than just analyzing Worksport current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worksport is a good investment. Please check the relationship between Worksport Free Cash Flow and its Capital Expenditures accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Worksport Stock, please use our
How to Invest in Worksport guide.
Free Cash Flow vs Capital Expenditures
Free Cash Flow vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Worksport Free Cash Flow account and
Capital Expenditures. At this time, the significance of the direction appears to have pay attention.
The correlation between Worksport's Free Cash Flow and Capital Expenditures is -0.9. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Worksport, assuming nothing else is changed. The correlation between historical values of Worksport's Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Worksport are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Worksport's Free Cash Flow and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.9 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Capital Expenditures
Capital Expenditures are funds used by Worksport to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Worksport operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Worksport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worksport 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 Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Worksport Stock, please use our
How to Invest in Worksport guide.At this time, Worksport's
Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024,
Issuance Of Capital Stock is likely to grow to about 5.5
M, while
Enterprise Value Over EBITDA is likely to drop
(2.32).
Worksport fundamental ratios Correlations
Click cells to compare fundamentals
Worksport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Worksport fundamental ratios Accounts
Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to
measure Worksport's 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 Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to
predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.