| OESX Stock | | | USD 0.83 0.03 4.21% |
Orion Energy financial indicator trend analysis is much more than just breaking down Orion Energy Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orion Energy Systems is a good investment. Please check the relationship between Orion Energy Cash and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orion Energy Systems Cash account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between Orion Energy's Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Orion Energy Systems, assuming nothing else is changed. The correlation between historical values of Orion Energy's Cash and Cash And Short Term 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 Cash of Orion Energy Systems are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Orion Energy's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Orion Energy Systems, which is listed under current asset account on Orion Energy Systems balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orion Energy customers. The amounts must be unrestricted with restricted cash listed in a different Orion Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Orion Energy Systems balance sheet. This account contains Orion Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Orion Energy Systems fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Orion Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orion Energy Systems 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Tax Provision is likely to rise to about 59.8
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.7
M in 2024.
Orion Energy fundamental ratios Correlations
Click cells to compare fundamentals
Orion Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orion Energy fundamental ratios Accounts
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Additional Tools for Orion Stock Analysis
When running Orion Energy's price analysis, check to
measure Orion Energy'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 Orion Energy is operating at the current time. Most of Orion Energy's value examination focuses on studying past and present price action to
predict the probability of Orion Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orion Energy's price. Additionally, you may evaluate how the addition of Orion Energy to your portfolios can decrease your overall portfolio volatility.