Sky Average Inventory vs Capex To Operating Cash Flow Analysis
| SKYH-WT Stock | 2.33 0.11 4.95% |
Sky Harbour financial indicator trend analysis is much more than just breaking down Sky Harbour Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sky Harbour Group is a good investment. Please check the relationship between Sky Harbour Average Inventory and its Capex To Operating Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Harbour 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 board of governors.
Average Inventory vs Capex To Operating Cash Flow
Average Inventory vs Capex To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Harbour Group Average Inventory account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sky Harbour's Average Inventory and Capex To Operating Cash Flow is -0.07. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of Sky Harbour Group, assuming nothing else is changed. The correlation between historical values of Sky Harbour's Average Inventory and Capex To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Sky Harbour Group are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Average Inventory i.e., Sky Harbour's Average Inventory and Capex To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.07 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Capex To Operating Cash Flow
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