ZUM Stock | | | CAD 0.08 0.00 0.00% |
ZoomerMedia financial indicator trend analysis is more than just analyzing ZoomerMedia Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZoomerMedia Limited is a good investment. Please check the relationship between ZoomerMedia Cost Of Revenue and its Minority Interest accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZoomerMedia Limited. 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.
Cost Of Revenue vs Minority Interest
Cost Of Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZoomerMedia Limited Cost Of Revenue account and
Minority Interest. At this time, the significance of the direction appears to have weak relationship.
The correlation between ZoomerMedia's Cost Of Revenue and Minority Interest is 0.32. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of ZoomerMedia Limited, assuming nothing else is changed. The correlation between historical values of ZoomerMedia's Cost Of Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of ZoomerMedia Limited are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Cost Of Revenue i.e., ZoomerMedia's Cost Of Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on ZoomerMedia Limited income statement and represents the costs associated with goods and services ZoomerMedia provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of ZoomerMedia Limited whose combined shares represent less than 50% of the total outstanding shares issued by ZoomerMedia have a minority interest in ZoomerMedia.
Most indicators from ZoomerMedia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZoomerMedia Limited 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 ZoomerMedia Limited. 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, ZoomerMedia's
Discontinued Operations is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 4.63 in 2024, whereas
Tax Provision is likely to drop slightly above 338
K in 2024.
ZoomerMedia fundamental ratios Correlations
Click cells to compare fundamentals
ZoomerMedia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZoomerMedia fundamental ratios Accounts
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Additional Tools for ZoomerMedia Stock Analysis
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