| TOMZ Stock | | | USD 0.72 0.01 1.37% |
TOMI Environmental financial indicator trend analysis is much more than just breaking down TOMI Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TOMI Environmental is a good investment. Please check the relationship between TOMI Environmental Capital Expenditures and its Free Cash Flow accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TOMI Environmental Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Capital Expenditures vs Free Cash Flow
Capital Expenditures vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TOMI Environmental Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TOMI Environmental's Capital Expenditures and Free Cash Flow is -0.41. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of TOMI Environmental Solutions, assuming nothing else is changed. The correlation between historical values of TOMI Environmental's Capital Expenditures and Free 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 Capital Expenditures of TOMI Environmental Solutions are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., TOMI Environmental's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by TOMI Environmental to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of TOMI Environmental operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from TOMI Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TOMI Environmental 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 TOMI Environmental Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, TOMI Environmental's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is expected to grow at the current pace this year, whereas
Sales General And Administrative To Revenue is likely to drop 0.70 in 2024.
TOMI Environmental fundamental ratios Correlations
Click cells to compare fundamentals
TOMI Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TOMI Environmental fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for TOMI Stock Analysis
When running TOMI Environmental's price analysis, check to
measure TOMI Environmental'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 TOMI Environmental is operating at the current time. Most of TOMI Environmental's value examination focuses on studying past and present price action to
predict the probability of TOMI Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOMI Environmental's price. Additionally, you may evaluate how the addition of TOMI Environmental to your portfolios can decrease your overall portfolio volatility.