| RW Stock | | | CAD 0.30 0.01 3.23% |
Renoworks Software financial indicator trend analysis is much more than just breaking down Renoworks Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renoworks Software is a good investment. Please check the relationship between Renoworks Software Income Quality and its Book Value Per Share accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renoworks Software. 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.
Income Quality vs Book Value Per Share
Income Quality vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renoworks Software Income Quality account and
Book Value Per Share. At this time, the significance of the direction appears to have no relationship.
The correlation between Renoworks Software's Income Quality and Book Value Per Share is 0.08. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Renoworks Software, assuming nothing else is changed. The correlation between historical values of Renoworks Software's Income Quality and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Renoworks Software are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Income Quality i.e., Renoworks Software's Income Quality and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.08 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Renoworks Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renoworks Software 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 Renoworks Software. 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, Renoworks Software's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.8
M in 2024.
Renoworks Software fundamental ratios Correlations
Click cells to compare fundamentals
Renoworks Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renoworks Software fundamental ratios Accounts
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Additional Tools for Renoworks Stock Analysis
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measure Renoworks Software'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 Renoworks Software is operating at the current time. Most of Renoworks Software's value examination focuses on studying past and present price action to
predict the probability of Renoworks Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renoworks Software's price. Additionally, you may evaluate how the addition of Renoworks Software to your portfolios can decrease your overall portfolio volatility.