| XFLT Stock | | | USD 7.05 0.03 0.43% |
XAI Octagon financial indicator trend analysis is more than just analyzing XAI Octagon Floating current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XAI Octagon Floating is a good investment. Please check the relationship between XAI Octagon Total Current Liabilities and its Other Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Liabilities vs Other Assets
Total Current Liabilities vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
XAI Octagon Floating Total Current Liabilities account and
Other Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between XAI Octagon's Total Current Liabilities and Other Assets is -0.68. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Assets in the same time period over historical financial statements of XAI Octagon Floating, assuming nothing else is changed. The correlation between historical values of XAI Octagon's Total Current Liabilities and Other 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 Total Current Liabilities of XAI Octagon Floating are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Liabilities i.e., XAI Octagon's Total Current Liabilities and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on XAI Octagon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of XAI Octagon Floating are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Other Assets
Most indicators from XAI Octagon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XAI Octagon Floating 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, XAI Octagon's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 6.77 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
M in 2024.
XAI Octagon fundamental ratios Correlations
Click cells to compare fundamentals
XAI Octagon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
XAI Octagon fundamental ratios Accounts
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Additional Tools for XAI Stock Analysis
When running XAI Octagon's price analysis, check to
measure XAI Octagon'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 XAI Octagon is operating at the current time. Most of XAI Octagon's value examination focuses on studying past and present price action to
predict the probability of XAI Octagon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XAI Octagon's price. Additionally, you may evaluate how the addition of XAI Octagon to your portfolios can decrease your overall portfolio volatility.