CNEY Stock | | | USD 0.51 0.19 59.38% |
CN Energy financial indicator trend analysis is way more than just evaluating CN Energy Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CN Energy Group is a good investment. Please check the relationship between CN Energy Free Cash Flow and its Free Cash Flow Yield accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Free Cash Flow vs Free Cash Flow Yield
Free Cash Flow vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CN Energy Group Free Cash Flow account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CN Energy's Free Cash Flow and Free Cash Flow Yield is 0.93. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of CN Energy Group, assuming nothing else is changed. The correlation between historical values of CN Energy's Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of CN Energy Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow i.e., CN Energy's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from CN Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CN Energy Group 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 CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to rise to about 6.9
M in 2024, despite the fact that
Tax Provision is likely to grow to (189.9
K).
CN Energy fundamental ratios Correlations
Click cells to compare fundamentals
CN Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CN Energy fundamental ratios Accounts
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Additional Tools for CNEY Stock Analysis
When running CN Energy's price analysis, check to
measure CN Energy'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 CN Energy is operating at the current time. Most of CN Energy's value examination focuses on studying past and present price action to
predict the probability of CN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CN Energy's price. Additionally, you may evaluate how the addition of CN Energy to your portfolios can decrease your overall portfolio volatility.