Sky Capex To Revenue vs Pocfratio Analysis
| SKYH-WT Stock | 2.88 0.28 8.86% |
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 Capex To Revenue and its Pocfratio 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.
Capex To Revenue vs Pocfratio
Capex To Revenue vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Harbour Group Capex To Revenue account and Pocfratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sky Harbour's Capex To Revenue and Pocfratio is -0.12. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Pocfratio 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 Capex To Revenue and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Sky Harbour Group are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Capex To Revenue i.e., Sky Harbour's Capex To Revenue and Pocfratio go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Pocfratio
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