Oxford Ev To Sales vs Days Payables Outstanding Analysis
| OXLCZ Stock | USD 23.72 0.04 0.17% |
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 Ev To Sales and its Days Payables Outstanding 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.
Ev To Sales vs Days Payables Outstanding
Ev To Sales vs Days Payables Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oxford Lane Capital Ev To Sales account and Days Payables Outstanding. At this time, the significance of the direction appears to have totally related.
The correlation between Oxford Lane's Ev To Sales and Days Payables Outstanding is 0.99. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Payables Outstanding 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 Ev To Sales and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Oxford Lane Capital are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Ev To Sales i.e., Oxford Lane's Ev To Sales and Days Payables Outstanding go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Days Payables Outstanding
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