| ECO Stock | | | CAD 5.06 0.02 0.40% |
EcoSynthetix financial indicator trend analysis is much more than just examining EcoSynthetix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EcoSynthetix is a good investment. Please check the relationship between EcoSynthetix Total Current Assets and its Common Stock Total Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EcoSynthetix. 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.
Total Current Assets vs Common Stock Total Equity
Total Current Assets vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EcoSynthetix Total Current Assets account and
Common Stock Total Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between EcoSynthetix's Total Current Assets and Common Stock Total Equity is 0.23. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of EcoSynthetix, assuming nothing else is changed. The correlation between historical values of EcoSynthetix's Total Current Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of EcoSynthetix are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Current Assets i.e., EcoSynthetix's Total Current Assets and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from EcoSynthetix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EcoSynthetix 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 EcoSynthetix. 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, EcoSynthetix's
Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025,
Enterprise Value is likely to grow to about 147
M, while
Enterprise Value Over EBITDA is likely to drop
(58.01).
EcoSynthetix fundamental ratios Correlations
Click cells to compare fundamentals
EcoSynthetix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EcoSynthetix fundamental ratios Accounts
Other Information on Investing in EcoSynthetix Stock
Balance Sheet is a snapshot of the
financial position of EcoSynthetix at a specified time, usually calculated after every quarter, six months, or one year. EcoSynthetix Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EcoSynthetix and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which EcoSynthetix currently owns. An asset can also be divided into two categories, current and non-current.