Oxford Days Of Inventory On Hand vs Pb Ratio Analysis
| OXLCZ Stock | USD 23.64 0.03 0.13% |
Oxford Lane financial indicator trend analysis is much more than just breaking down Oxford Lane Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oxford Lane Capital is a good investment. Please check the relationship between Oxford Lane Days Of Inventory On Hand and its Pb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oxford Lane Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Days Of Inventory On Hand vs Pb Ratio
Days Of Inventory On Hand vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oxford Lane Capital Days Of Inventory On Hand account and Pb Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Oxford Lane's Days Of Inventory On Hand and Pb Ratio is 0.17. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Oxford Lane Capital, assuming nothing else is changed. The correlation between historical values of Oxford Lane's Days Of Inventory On Hand and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Oxford Lane Capital are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Days Of Inventory On Hand i.e., Oxford Lane's Days Of Inventory On Hand and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.17 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Days Of Inventory On Hand
Pb Ratio
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