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Canoo financial indicator trend analysis is way more than just evaluating Canoo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Inc is a good investment. Please check the relationship between Canoo Property Plant And Equipment Net and its Capital Lease Obligations accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo 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 income.
Property Plant And Equipment Net vs Capital Lease Obligations
Property Plant And Equipment Net vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canoo Inc Property Plant And Equipment Net account and
Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Canoo's Property Plant And Equipment Net and Capital Lease Obligations is 0.87. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Canoo Inc, assuming nothing else is changed. The correlation between historical values of Canoo's Property Plant And Equipment Net and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Canoo Inc are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Property Plant And Equipment Net i.e., Canoo's Property Plant And Equipment Net and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Capital Lease Obligations
Canoo Inc capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Canoo asset purchases. For example, Canoo can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Canoo control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Canoo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoo 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo 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 income.
Tax Provision is expected to grow at the current pace this year.
Selling General Administrative is likely to drop to about 113.5
M in 2024
Canoo fundamental ratios Correlations
Click cells to compare fundamentals
Canoo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoo fundamental ratios Accounts
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Additional Tools for Canoo Stock Analysis
When running Canoo's price analysis, check to
measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to
predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.