Zoom2u Technologies financial indicator trend analysis is more than just analyzing Zoom2u Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoom2u Technologies is a good investment. Please check the relationship between Zoom2u Technologies Other Current Assets and its Retained Earnings accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoom2u Technologies. 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.
Other Current Assets vs Retained Earnings
Other Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoom2u Technologies Other Current Assets account and
Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zoom2u Technologies' Other Current Assets and Retained Earnings is 0.49. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Zoom2u Technologies, assuming nothing else is changed. The correlation between historical values of Zoom2u Technologies' Other Current Assets and Retained Earnings 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 Assets of Zoom2u Technologies are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Current Assets i.e., Zoom2u Technologies' Other Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Zoom2u Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoom2u Technologies 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 Zoom2u Technologies. 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.
Tax Provision is expected to grow at the current pace this year.
Selling General Administrative is likely to drop to about 3.2
M in 2024
Zoom2u Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Zoom2u Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoom2u Technologies fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Zoom2u Stock Analysis
When running Zoom2u Technologies' price analysis, check to
measure Zoom2u Technologies' 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 Zoom2u Technologies is operating at the current time. Most of Zoom2u Technologies' value examination focuses on studying past and present price action to
predict the probability of Zoom2u Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoom2u Technologies' price. Additionally, you may evaluate how the addition of Zoom2u Technologies to your portfolios can decrease your overall portfolio volatility.