| RW Stock | | | CAD 0.30 0.01 3.23% |
Renoworks Software financial indicator trend analysis is much more than just breaking down Renoworks Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renoworks Software is a good investment. Please check the relationship between Renoworks Software Common Stock Shares Outstanding and its Net Tangible Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renoworks Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Common Stock Shares Outstanding vs Net Tangible Assets
Common Stock Shares Outstanding vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renoworks Software Common Stock Shares Outstanding account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Renoworks Software's Common Stock Shares Outstanding and Net Tangible Assets is 0.66. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Renoworks Software, assuming nothing else is changed. The correlation between historical values of Renoworks Software's Common Stock Shares Outstanding and Net Tangible 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 Common Stock Shares Outstanding of Renoworks Software are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Renoworks Software's Common Stock Shares Outstanding and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Renoworks Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renoworks Software 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 Renoworks Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Renoworks Software's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.8
M in 2024.
Renoworks Software fundamental ratios Correlations
Click cells to compare fundamentals
Renoworks Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renoworks Software fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Renoworks Stock Analysis
When running Renoworks Software's price analysis, check to
measure Renoworks Software'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 Renoworks Software is operating at the current time. Most of Renoworks Software's value examination focuses on studying past and present price action to
predict the probability of Renoworks Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renoworks Software's price. Additionally, you may evaluate how the addition of Renoworks Software to your portfolios can decrease your overall portfolio volatility.