OVLY Stock | | | USD 31.26 0.29 0.94% |
Oak Valley financial indicator trend analysis is much more than just breaking down Oak Valley Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oak Valley Bancorp is a good investment. Please check the relationship between Oak Valley Capital Surpluse and its Intangible Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Capital Surpluse vs Intangible Assets
Capital Surpluse vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oak Valley Bancorp Capital Surpluse account and
Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Oak Valley's Capital Surpluse and Intangible Assets is 0.57. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Oak Valley Bancorp, assuming nothing else is changed. The correlation between historical values of Oak Valley's Capital Surpluse and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Oak Valley Bancorp are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Capital Surpluse i.e., Oak Valley's Capital Surpluse and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Surpluse
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Oak Valley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oak Valley Bancorp 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 Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Oak Valley's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.41 in 2024, whereas
Tax Provision is likely to drop slightly above 5.7
M in 2024.
Oak Valley fundamental ratios Correlations
Click cells to compare fundamentals
Oak Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oak Valley fundamental ratios Accounts
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measure Oak Valley'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 Oak Valley is operating at the current time. Most of Oak Valley's value examination focuses on studying past and present price action to
predict the probability of Oak Valley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oak Valley's price. Additionally, you may evaluate how the addition of Oak Valley to your portfolios can decrease your overall portfolio volatility.