ZOMD Stock | | | CAD 0.53 0.03 6.00% |
Zoomd Technologies financial indicator trend analysis is more than just analyzing Zoomd Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomd Technologies is a good investment. Please check the relationship between Zoomd Technologies Book Value Per Share and its Days Sales Outstanding accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomd 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 unemployment.
Book Value Per Share vs Days Sales Outstanding
Book Value Per Share vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoomd Technologies Book Value Per Share account and
Days Sales Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zoomd Technologies' Book Value Per Share and Days Sales Outstanding is -0.51. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Zoomd Technologies, assuming nothing else is changed. The correlation between historical values of Zoomd Technologies' Book Value Per Share and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Zoomd Technologies are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Book Value Per Share i.e., Zoomd Technologies' Book Value Per Share and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Days Sales Outstanding
Most indicators from Zoomd Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomd 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 Zoomd 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 unemployment.
Enterprise Value is likely to climb to about 13.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 8.1
M in 2024.
Zoomd Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Zoomd Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoomd Technologies fundamental ratios Accounts
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Additional Tools for Zoomd Stock Analysis
When running Zoomd Technologies' price analysis, check to
measure Zoomd 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 Zoomd Technologies is operating at the current time. Most of Zoomd Technologies' value examination focuses on studying past and present price action to
predict the probability of Zoomd Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomd Technologies' price. Additionally, you may evaluate how the addition of Zoomd Technologies to your portfolios can decrease your overall portfolio volatility.