| TMG Stock | | | CAD 0.20 0.01 5.26% |
Thermal Energy financial indicator trend analysis is much more than just breaking down Thermal Energy Inter prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermal Energy Inter is a good investment. Please check the relationship between Thermal Energy Ebit 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 Thermal Energy International. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermal Energy Inter Ebit account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermal Energy's Ebit and Net Income From Continuing Ops is 0.62. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Thermal Energy International, assuming nothing else is changed. The correlation between historical values of Thermal Energy's Ebit 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 Ebit of Thermal Energy International 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 Ebit i.e., Thermal Energy's Ebit and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Most indicators from Thermal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermal Energy Inter 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 Thermal Energy International. 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, Thermal Energy's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 19.11 in 2024, whereas
Selling General Administrative is likely to drop slightly above 5.6
M in 2024.
When running Thermal Energy's price analysis, check to
measure Thermal Energy'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 Thermal Energy is operating at the current time. Most of Thermal Energy's value examination focuses on studying past and present price action to
predict the probability of Thermal Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermal Energy's price. Additionally, you may evaluate how the addition of Thermal Energy to your portfolios can decrease your overall portfolio volatility.