SOY Stock | | | CAD 10.92 0.02 0.18% |
SunOpta financial indicator trend analysis is much more than just breaking down SunOpta prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunOpta is a good investment. Please check the relationship between SunOpta Other Current Liab and its Total Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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.
To learn how to invest in SunOpta Stock, please use our
How to Invest in SunOpta guide.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SunOpta Other Current Liab account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between SunOpta's Other Current Liab and Total Assets is 0.86. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of SunOpta, assuming nothing else is changed. The correlation between historical values of SunOpta's Other Current Liab and Total 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 Other Current Liab of SunOpta are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., SunOpta's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of SunOpta assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SunOpta books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from SunOpta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunOpta 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 SunOpta. 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.
To learn how to invest in SunOpta Stock, please use our
How to Invest in SunOpta guide.As of the 4th of December 2024,
Tax Provision is likely to grow to about 3.4
M, while
Selling General Administrative is likely to drop about 56.1
M.
SunOpta fundamental ratios Correlations
Click cells to compare fundamentals
SunOpta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunOpta fundamental ratios Accounts
When determining whether SunOpta is a strong investment it is important to analyze SunOpta's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SunOpta's
future performance.
For an informed investment choice regarding SunOpta Stock, refer to the following important reports: Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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.
To learn how to invest in SunOpta Stock, please use our
How to Invest in SunOpta guide.
You can also try the
Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Please note, there is a significant difference between SunOpta's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunOpta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunOpta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.