Eagle Payables Turnover vs Days Payables Outstanding Analysis

ECCV Stock  USD 22.89  0.06  0.26%   
Eagle Point financial indicator trend analysis is much more than just examining Eagle Point Credit latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Point Credit is a good investment. Please check the relationship between Eagle Point Payables Turnover and its Days Payables Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Payables Turnover vs Days Payables Outstanding

Payables Turnover vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eagle Point Credit Payables Turnover account and Days Payables Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Eagle Point's Payables Turnover and Days Payables Outstanding is -0.88. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Eagle Point Credit, assuming nothing else is changed. The correlation between historical values of Eagle Point's Payables Turnover and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Eagle Point Credit are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Payables Turnover i.e., Eagle Point's Payables Turnover and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

-0.88
Relationship DirectionNegative 
Relationship StrengthSignificant

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Days Payables Outstanding

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Additional Tools for Eagle Stock Analysis

When running Eagle Point's price analysis, check to measure Eagle Point'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 Eagle Point is operating at the current time. Most of Eagle Point's value examination focuses on studying past and present price action to predict the probability of Eagle Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Point's price. Additionally, you may evaluate how the addition of Eagle Point to your portfolios can decrease your overall portfolio volatility.