ECS Botanics financial indicator trend analysis is much more than just examining ECS Botanics Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECS Botanics Holdings is a good investment. Please check the relationship between ECS Botanics Change To Inventory and its Change To Operating Activities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECS Botanics Holdings. 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.
Change To Inventory vs Change To Operating Activities
Change To Inventory vs Change To Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ECS Botanics Holdings Change To Inventory account and
Change To Operating Activities. At this time, the significance of the direction appears to have pay attention.
The correlation between ECS Botanics' Change To Inventory and Change To Operating Activities is -0.77. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of ECS Botanics Holdings, assuming nothing else is changed. The correlation between historical values of ECS Botanics' Change To Inventory and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of ECS Botanics Holdings are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Inventory i.e., ECS Botanics' Change To Inventory and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Change To Operating Activities
Most indicators from ECS Botanics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECS Botanics Holdings 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 ECS Botanics Holdings. 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.
Issuance Of Capital Stock is likely to gain to about 5.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.8
M in 2024.
ECS Botanics fundamental ratios Correlations
Click cells to compare fundamentals
ECS Botanics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ECS Botanics fundamental ratios Accounts
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Additional Tools for ECS Stock Analysis
When running ECS Botanics' price analysis, check to
measure ECS Botanics' 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 ECS Botanics is operating at the current time. Most of ECS Botanics' value examination focuses on studying past and present price action to
predict the probability of ECS Botanics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECS Botanics' price. Additionally, you may evaluate how the addition of ECS Botanics to your portfolios can decrease your overall portfolio volatility.