| CBLU Stock | | | CAD 0.02 0.01 33.33% |
Clear Blue financial indicator trend analysis is way more than just evaluating Clear Blue Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clear Blue Technologies is a good investment. Please check the relationship between Clear Blue Operating Income and its Total Other Income Expense Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Clear Blue 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 employment.
Operating Income vs Total Other Income Expense Net
Operating Income vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Clear Blue Technologies Operating Income account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between Clear Blue's Operating Income and Total Other Income Expense Net is 0.38. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Clear Blue Technologies, assuming nothing else is changed. The correlation between historical values of Clear Blue's Operating Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Clear Blue Technologies are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Operating Income i.e., Clear Blue's Operating Income and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Clear Blue Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Clear Blue Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Total Other Income Expense Net
Most indicators from Clear Blue's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clear Blue 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Clear Blue 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 employment.
At this time, Clear Blue's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 2.3
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(15.03) in 2024.
Clear Blue fundamental ratios Correlations
Click cells to compare fundamentals
Clear Blue Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clear Blue fundamental ratios Accounts
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