DB Stock | | | CAD 0.07 0.01 6.67% |
Decibel Cannabis financial indicator trend analysis is much more than just examining Decibel Cannabis latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Decibel Cannabis is a good investment. Please check the relationship between Decibel Cannabis Stock Based Compensation and its Net Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decibel Cannabis. 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.
Stock Based Compensation vs Net Income
Stock Based Compensation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Decibel Cannabis Stock Based Compensation account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Decibel Cannabis' Stock Based Compensation and Net Income is -0.47. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Net Income in the same time period over historical financial statements of Decibel Cannabis, assuming nothing else is changed. The correlation between historical values of Decibel Cannabis' Stock Based Compensation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Decibel Cannabis are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Stock Based Compensation i.e., Decibel Cannabis' Stock Based Compensation and Net Income go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Decibel Cannabis financial statement analysis. It represents the amount of money remaining after all of Decibel Cannabis operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Decibel Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Decibel Cannabis 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decibel Cannabis. 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, Decibel Cannabis'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.45 in 2024, whereas
Tax Provision is likely to drop 0.00 in 2024.
Decibel Cannabis fundamental ratios Correlations
Click cells to compare fundamentals
Decibel Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Decibel Cannabis fundamental ratios Accounts
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Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to
measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to
predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.