Elutia Net Borrowings vs Investments Analysis
ELUT Stock | 4.84 1.31 37.11% |
Elutia financial indicator trend analysis is much more than just examining Elutia Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elutia Inc is a good investment. Please check the relationship between Elutia Net Borrowings and its Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elutia Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Net Borrowings vs Investments
Net Borrowings vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elutia Inc Net Borrowings account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Elutia's Net Borrowings and Investments is -0.4. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Investments in the same time period over historical financial statements of Elutia Inc, assuming nothing else is changed. The correlation between historical values of Elutia's Net Borrowings and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Elutia Inc are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Borrowings i.e., Elutia's Net Borrowings and Investments go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Elutia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elutia Inc 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 Elutia Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At this time, Elutia's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 13.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 19.0M | 11.6M | 11.1M | 13.1M | Total Revenue | 47.4M | 23.8M | 24.7M | 29.1M |
Elutia fundamental ratios Correlations
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Elutia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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