EXL Stock | | | 0.05 0.01 31.43% |
Elixinol Wellness financial indicator trend analysis is much more than just examining Elixinol Wellness latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elixinol Wellness is a good investment. Please check the relationship between Elixinol Wellness Total Current Assets and its Long Term Investments accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elixinol Wellness Limited. 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 Long Term Investments
Total Current Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elixinol Wellness Total Current Assets account and
Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elixinol Wellness' Total Current Assets and Long Term Investments is 0.79. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Elixinol Wellness Limited, assuming nothing else is changed. The correlation between historical values of Elixinol Wellness' Total Current Assets and Long Term Investments 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 Elixinol Wellness Limited are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Assets i.e., Elixinol Wellness' Total Current Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Long Term Investments
Long Term Investments is an item on the asset side of Elixinol Wellness balance sheet that represents investments Elixinol Wellness intends to hold for over a year. Elixinol Wellness Limited long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Elixinol Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elixinol Wellness 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 Elixinol Wellness Limited. 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, Elixinol Wellness'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to 3,150 in 2024, whereas
Discontinued Operations is likely to drop (2.4
M) in 2024.
Elixinol Wellness fundamental ratios Correlations
Click cells to compare fundamentals
Elixinol Wellness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elixinol Wellness fundamental ratios Accounts
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Additional Tools for Elixinol Stock Analysis
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measure Elixinol Wellness' 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 Elixinol Wellness is operating at the current time. Most of Elixinol Wellness' value examination focuses on studying past and present price action to
predict the probability of Elixinol Wellness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elixinol Wellness' price. Additionally, you may evaluate how the addition of Elixinol Wellness to your portfolios can decrease your overall portfolio volatility.