| EVAX Stock | | | USD 1.19 0.11 8.46% |
Evaxion Biotech financial indicator trend analysis is much more than just examining Evaxion Biotech AS latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evaxion Biotech AS is a good investment. Please check the relationship between Evaxion Biotech End Period Cash Flow and its Depreciation accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaxion Biotech AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
End Period Cash Flow vs Depreciation
End Period Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Evaxion Biotech AS End Period Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Evaxion Biotech's End Period Cash Flow and Depreciation is 0.29. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Evaxion Biotech AS, assuming nothing else is changed. The correlation between historical values of Evaxion Biotech's End Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Evaxion Biotech AS are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of End Period Cash Flow i.e., Evaxion Biotech's End Period Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
End Period Cash Flow
Depreciation
Depreciation indicates how much of Evaxion Biotech AS value has been used up. For tax purposes Evaxion Biotech can deduct the cost of the tangible assets it purchases as business expenses. However, Evaxion Biotech AS must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Evaxion Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evaxion Biotech AS 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 Evaxion Biotech AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Issuance Of Capital Stock is likely to rise to about 15.2
M in 2024, whereas
Tax Provision is likely to drop (825.3
K) in 2024.
Evaxion Biotech fundamental ratios Correlations
Click cells to compare fundamentals
Evaxion Biotech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Evaxion Biotech fundamental ratios Accounts
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Additional Tools for Evaxion Stock Analysis
When running Evaxion Biotech's price analysis, check to
measure Evaxion Biotech'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 Evaxion Biotech is operating at the current time. Most of Evaxion Biotech's value examination focuses on studying past and present price action to
predict the probability of Evaxion Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evaxion Biotech's price. Additionally, you may evaluate how the addition of Evaxion Biotech to your portfolios can decrease your overall portfolio volatility.