CLWT Stock | | | USD 1.44 0.02 1.41% |
Euro Tech financial indicator trend analysis is much more than just examining Euro Tech Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Euro Tech Holdings is a good investment. Please check the relationship between Euro Tech Other Stockholder Equity and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Euro Tech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Euro Tech Holdings Other Stockholder Equity account and
Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Euro Tech's Other Stockholder Equity and Common Stock is 0.98. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Common Stock in the same time period over historical financial statements of Euro Tech Holdings, assuming nothing else is changed. The correlation between historical values of Euro Tech's Other 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 Other Stockholder Equity of Euro Tech Holdings 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 Other Stockholder Equity i.e., Euro Tech's Other Stockholder Equity and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Euro Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Euro Tech Holdings 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 Euro Tech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
At this time, Euro Tech's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 47.2
K in 2024, whereas
Enterprise Value Multiple is likely to drop 4.07 in 2024.
When running Euro Tech's price analysis, check to
measure Euro Tech'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 Euro Tech is operating at the current time. Most of Euro Tech's value examination focuses on studying past and present price action to
predict the probability of Euro Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euro Tech's price. Additionally, you may evaluate how the addition of Euro Tech to your portfolios can decrease your overall portfolio volatility.