| ECO Stock | | | CAD 3.96 0.04 1.00% |
EcoSynthetix financial indicator trend analysis is much more than just examining EcoSynthetix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EcoSynthetix is a good investment. Please check the relationship between EcoSynthetix Ptb Ratio and its Free Cash Flow Yield accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EcoSynthetix. 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.
Ptb Ratio vs Free Cash Flow Yield
Ptb Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EcoSynthetix Ptb Ratio account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have very strong relationship.
The correlation between EcoSynthetix's Ptb Ratio and Free Cash Flow Yield is 0.8. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of EcoSynthetix, assuming nothing else is changed. The correlation between historical values of EcoSynthetix's Ptb Ratio 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 Ptb Ratio of EcoSynthetix 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 Ptb Ratio i.e., EcoSynthetix's Ptb Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
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 EcoSynthetix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EcoSynthetix 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 EcoSynthetix. 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.
At this time, EcoSynthetix's
Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024,
Enterprise Value is likely to grow to about 163.4
M, while
Enterprise Value Over EBITDA is likely to drop
(50.45).
EcoSynthetix fundamental ratios Correlations
Click cells to compare fundamentals
EcoSynthetix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EcoSynthetix fundamental ratios Accounts
Other Information on Investing in EcoSynthetix Stock
Balance Sheet is a snapshot of the
financial position of EcoSynthetix at a specified time, usually calculated after every quarter, six months, or one year. EcoSynthetix Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EcoSynthetix and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which EcoSynthetix currently owns. An asset can also be divided into two categories, current and non-current.