The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Butn Selling General Administrative account and
Ebitda. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Butn's Selling General Administrative and Ebitda is -0.54. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Ebitda in the same time period over historical financial statements of Butn, assuming nothing else is changed. The correlation between historical values of Butn's Selling General Administrative and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Butn are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Selling General Administrative i.e., Butn's Selling General Administrative and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Butn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Butn 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 Butn. 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.
Issuance Of Capital Stock is likely to gain to about 7.5
M in 2024, whereas
Tax Provision is likely to drop
(602.70) in 2024.
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