| CNEY Stock | | | USD 0.31 0.03 7.85% |
CN Energy financial indicator trend analysis is way more than just evaluating CN Energy Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CN Energy Group is a good investment. Please check the relationship between CN Energy Price To Sales Ratio and its Average Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Price To Sales Ratio vs Average Inventory
Price To Sales Ratio vs Average Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CN Energy Group Price To Sales Ratio account and
Average Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between CN Energy's Price To Sales Ratio and Average Inventory is 0.67. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Average Inventory in the same time period over historical financial statements of CN Energy Group, assuming nothing else is changed. The correlation between historical values of CN Energy's Price To Sales Ratio and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of CN Energy Group are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Price To Sales Ratio i.e., CN Energy's Price To Sales Ratio and Average Inventory go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing CN Energy Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CN Energy sales, a figure that is much harder to manipulate than other CN Energy Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.
Most indicators from CN Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CN Energy Group 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 CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to rise to about 6.9
M in 2024, despite the fact that
Tax Provision is likely to grow to (189.9
K).
CN Energy fundamental ratios Correlations
Click cells to compare fundamentals
CN Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CN Energy fundamental ratios Accounts
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Additional Tools for CNEY Stock Analysis
When running CN Energy's price analysis, check to
measure CN Energy'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 CN Energy is operating at the current time. Most of CN Energy's value examination focuses on studying past and present price action to
predict the probability of CN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CN Energy's price. Additionally, you may evaluate how the addition of CN Energy to your portfolios can decrease your overall portfolio volatility.