| GECCZ Stock | | | 25.10 0.04 0.16% |
Great Elm financial indicator trend analysis is much more than just examining Great Elm Capital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Elm Capital is a good investment. Please check the relationship between Great Elm Roe and its Roic accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Elm Capital. 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.
Roe vs Roic
Roe vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Great Elm Capital Roe account and
Roic. At this time, the significance of the direction appears to have pay attention.
The correlation between Great Elm's Roe and Roic is -0.93. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Roic in the same time period over historical financial statements of Great Elm Capital, assuming nothing else is changed. The correlation between historical values of Great Elm's Roe and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Great Elm Capital are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Roe i.e., Great Elm's Roe and Roic go up and down completely randomly.
Correlation Coefficient | -0.93 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Roe
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Great Stock Analysis
When running Great Elm's price analysis, check to
measure Great Elm'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 Great Elm is operating at the current time. Most of Great Elm's value examination focuses on studying past and present price action to
predict the probability of Great Elm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Elm's price. Additionally, you may evaluate how the addition of Great Elm to your portfolios can decrease your overall portfolio volatility.