ZOOZ Inventory vs Cash And Short Term Investments Analysis
ZOOZ Stock | 2.50 0.07 2.72% |
ZOOZ Power financial indicator trend analysis is more than just analyzing ZOOZ Power current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZOOZ Power is a good investment. Please check the relationship between ZOOZ Power Inventory and its Cash And Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZOOZ Power Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZOOZ Power Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between ZOOZ Power's Inventory and Cash And Short Term Investments is 0.63. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of ZOOZ Power Ltd, assuming nothing else is changed. The correlation between historical values of ZOOZ Power's Inventory and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of ZOOZ Power Ltd are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., ZOOZ Power's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of ZOOZ Power balance sheet. This account contains ZOOZ Power investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ZOOZ Power Ltd fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from ZOOZ Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZOOZ Power 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 ZOOZ Power Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Enterprise Value is likely to rise to about 47.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 10.3M | 10.9M | 11.3M | 10.4M | Cost Of Revenue | 105.2K | 605.6K | 1.9M | 2.0M |
ZOOZ Power fundamental ratios Correlations
Click cells to compare fundamentals
ZOOZ Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ZOOZ Power's price analysis, check to measure ZOOZ Power'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 ZOOZ Power is operating at the current time. Most of ZOOZ Power's value examination focuses on studying past and present price action to predict the probability of ZOOZ Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZOOZ Power's price. Additionally, you may evaluate how the addition of ZOOZ Power to your portfolios can decrease your overall portfolio volatility.