EAST Stock | | | USD 0.69 0.07 9.21% |
Eastside Distilling financial indicator trend analysis is much more than just examining Eastside Distilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastside Distilling is a good investment. Please check the relationship between Eastside Distilling Cash and its Other Stockholder Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eastside Stock please use our
How to Invest in Eastside Distilling guide.
Cash vs Other Stockholder Equity
Cash vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastside Distilling Cash account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Eastside Distilling's Cash and Other Stockholder Equity is 0.2. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Eastside Distilling, assuming nothing else is changed. The correlation between historical values of Eastside Distilling's Cash and Other Stockholder Equity 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 Eastside Distilling are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Eastside Distilling's Cash and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Eastside Distilling, which is listed under current asset account on Eastside Distilling balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Eastside Distilling customers. The amounts must be unrestricted with restricted cash listed in a different Eastside Distilling 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.
Other Stockholder Equity
Most indicators from Eastside Distilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastside Distilling 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eastside Stock please use our
How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 4.7
M in 2024, whereas
Enterprise Value Multiple is likely to drop
(3.08) in 2024.
Eastside Distilling fundamental ratios Correlations
Click cells to compare fundamentals
Eastside Distilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastside Distilling fundamental ratios Accounts
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Additional Tools for Eastside Stock Analysis
When running Eastside Distilling's price analysis, check to
measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to
predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.