Oxford Roic vs Days Sales Outstanding 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 Roic and its Days Sales 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.
Roic vs Days Sales Outstanding
Roic vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oxford Lane Capital Roic account and Days Sales Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Oxford Lane's Roic and Days Sales Outstanding is 0.08. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Days Sales 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 Roic and Days Sales 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 Roic of Oxford Lane Capital are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Roic i.e., Oxford Lane's Roic and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.08 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Days Sales Outstanding
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