Eagle Payables Turnover vs Capex To Operating Cash Flow Analysis
| ECCX Stock | USD 24.80 0.11 0.44% |
Eagle Point financial indicator trend analysis is much more than just examining Eagle Point Credit latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Point Credit is a good investment. Please check the relationship between Eagle Point Payables Turnover and its Capex To Operating Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Payables Turnover vs Capex To Operating Cash Flow
Payables Turnover vs Capex To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eagle Point Credit Payables Turnover account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eagle Point's Payables Turnover and Capex To Operating Cash Flow is -0.37. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of Eagle Point Credit, assuming nothing else is changed. The correlation between historical values of Eagle Point's Payables Turnover and Capex To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Eagle Point Credit are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Payables Turnover i.e., Eagle Point's Payables Turnover and Capex To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Capex To Operating Cash Flow
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