| OTC Stock | | | 0.32 0.01 3.03% |
Ocumetics Technology financial indicator trend analysis is much more than just breaking down Ocumetics Technology Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocumetics Technology Corp is a good investment. Please check the relationship between Ocumetics Technology Other Current Liab and its Net Invested Capital accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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.
Other Current Liab vs Net Invested Capital
Other Current Liab vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ocumetics Technology Corp Other Current Liab account and
Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ocumetics Technology's Other Current Liab and Net Invested Capital is -0.31. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ocumetics Technology Corp, assuming nothing else is changed. The correlation between historical values of Ocumetics Technology's Other Current Liab and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Ocumetics Technology Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Other Current Liab i.e., Ocumetics Technology's Other Current Liab and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Current Liab
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Ocumetics Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocumetics Technology Corp 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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, Ocumetics Technology's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.9
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(11.80) in 2024.
Ocumetics Technology fundamental ratios Correlations
Click cells to compare fundamentals
Ocumetics Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ocumetics Technology fundamental ratios Accounts
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Additional Tools for Ocumetics Stock Analysis
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