BAY Stock | | | CAD 0.07 0.01 7.14% |
Aston Bay financial indicator trend analysis is way more than just evaluating Aston Bay Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aston Bay Holdings is a good investment. Please check the relationship between Aston Bay Cash and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aston Bay Holdings. 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.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aston Bay Holdings Cash account and
Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Aston Bay's Cash and Retained Earnings is 0.13. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Aston Bay Holdings, assuming nothing else is changed. The correlation between historical values of Aston Bay's Cash 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 Cash of Aston Bay Holdings 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 Cash i.e., Aston Bay's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Aston Bay Holdings, which is listed under current asset account on Aston Bay Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aston Bay customers. The amounts must be unrestricted with restricted cash listed in a different Aston Bay account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Aston Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aston Bay Holdings 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 Aston Bay Holdings. 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.
At this time, Aston Bay's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 2.6
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(9.66) in 2024.
Aston Bay fundamental ratios Correlations
Click cells to compare fundamentals
Aston Bay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aston Bay fundamental ratios Accounts
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Additional Tools for Aston Stock Analysis
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