0NYH Stock | | | 16.03 0.17 1.07% |
Ebro Foods financial indicator trend analysis is much more than just examining Ebro Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ebro Foods is a good investment. Please check the relationship between Ebro Foods Inventory and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ebro Foods. 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.
Inventory vs Other Assets
Inventory vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ebro Foods Inventory account and
Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ebro Foods' Inventory and Other Assets is 0.41. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Assets in the same time period over historical financial statements of Ebro Foods, assuming nothing else is changed. The correlation between historical values of Ebro Foods' Inventory 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 Inventory of Ebro Foods 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 Inventory i.e., Ebro Foods' Inventory and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Other Assets
Most indicators from Ebro Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ebro Foods 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ebro Foods. 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 likely to drop to about 47
M in 2024.
Selling General Administrative is likely to drop to about 502.7
M in 2024
Ebro Foods fundamental ratios Correlations
Click cells to compare fundamentals
Ebro Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ebro Foods fundamental ratios Accounts
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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 Ebro Stock Analysis
When running Ebro Foods' price analysis, check to
measure Ebro Foods' 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 Ebro Foods is operating at the current time. Most of Ebro Foods' value examination focuses on studying past and present price action to
predict the probability of Ebro Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ebro Foods' price. Additionally, you may evaluate how the addition of Ebro Foods to your portfolios can decrease your overall portfolio volatility.