ATNFW Stock | | | USD 0.01 0.0001 1.22% |
CannBioRx Life financial indicator trend analysis is way more than just evaluating CannBioRx Life Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CannBioRx Life Sciences is a good investment. Please check the relationship between CannBioRx Life Total Stockholder Equity and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CannBioRx Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Total Stockholder Equity vs Common Stock
Total Stockholder Equity vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CannBioRx Life Sciences Total Stockholder Equity account and
Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CannBioRx Life's Total Stockholder Equity and Common Stock is -0.1. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock in the same time period over historical financial statements of CannBioRx Life Sciences, assuming nothing else is changed. The correlation between historical values of CannBioRx Life's Total Stockholder Equity and Common Stock 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 Stockholder Equity of CannBioRx Life Sciences are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Stockholder Equity i.e., CannBioRx Life's Total Stockholder Equity and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Common Stock
Most indicators from CannBioRx Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CannBioRx Life Sciences 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in CannBioRx Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Selling General Administrative is likely to drop to about 7.6
M in 2024.
Tax Provision is likely to climb to about (3.1
M) in 2024
CannBioRx Life fundamental ratios Correlations
Click cells to compare fundamentals
CannBioRx Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CannBioRx Life fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for CannBioRx Stock Analysis
When running CannBioRx Life's price analysis, check to
measure CannBioRx Life'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 CannBioRx Life is operating at the current time. Most of CannBioRx Life's value examination focuses on studying past and present price action to
predict the probability of CannBioRx Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannBioRx Life's price. Additionally, you may evaluate how the addition of CannBioRx Life to your portfolios can decrease your overall portfolio volatility.