SBEV Stock | | | USD 0.15 0 1.00% |
Splash Beverage financial indicator trend analysis is much more than just breaking down Splash Beverage Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Splash Beverage Group is a good investment. Please check the relationship between Splash Beverage Discontinued Operations and its Net Income From Continuing Ops accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Splash Beverage Group Discontinued Operations account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have pay attention.
The correlation between Splash Beverage's Discontinued Operations and Net Income From Continuing Ops is -0.87. Overlapping area represents the amount of variation of Discontinued Operations that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Splash Beverage Group, assuming nothing else is changed. The correlation between historical values of Splash Beverage's Discontinued Operations and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Discontinued Operations of Splash Beverage Group are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Discontinued Operations i.e., Splash Beverage's Discontinued Operations and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Most indicators from Splash Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Splash Beverage Group 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Splash Beverage's
Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 355.7
K in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(2.09).
When running Splash Beverage's price analysis, check to
measure Splash Beverage'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 Splash Beverage is operating at the current time. Most of Splash Beverage's value examination focuses on studying past and present price action to
predict the probability of Splash Beverage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Splash Beverage's price. Additionally, you may evaluate how the addition of Splash Beverage to your portfolios can decrease your overall portfolio volatility.