| COV Stock | | | CAD 3.65 0.05 1.35% |
Covalon Technologies financial indicator trend analysis is way more than just evaluating Covalon Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Covalon Technologies is a good investment. Please check the relationship between Covalon Technologies Cash and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. 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.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Covalon Technologies Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Covalon Technologies' Cash and Property Plant And Equipment Net is 0.4. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Covalon Technologies, assuming nothing else is changed. The correlation between historical values of Covalon Technologies' Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Covalon Technologies are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Covalon Technologies' Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Covalon Technologies, which is listed under current asset account on Covalon Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Covalon Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Covalon Technologies account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Covalon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Covalon Technologies 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 Covalon Technologies. 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.
Sales General And Administrative To Revenue is likely to climb to 0.56 in 2024, whereas
Selling General Administrative is likely to drop slightly above 5.3
M in 2024.
Covalon Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Covalon Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Covalon Technologies fundamental ratios Accounts
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Additional Tools for Covalon Stock Analysis
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measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to
predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.