VMC Stock | | | CAD 0.07 0.00 0.00% |
Vicinity financial indicator trend analysis is much more than just breaking down Vicinity Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vicinity Motor Corp is a good investment. Please check the relationship between Vicinity Average Payables and its Days Sales Outstanding accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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.
Average Payables vs Days Sales Outstanding
Average Payables vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vicinity Motor Corp Average Payables account and
Days Sales Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Vicinity's Average Payables and Days Sales Outstanding is -0.7. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Vicinity Motor Corp, assuming nothing else is changed. The correlation between historical values of Vicinity's Average Payables and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Vicinity Motor Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Average Payables i.e., Vicinity's Average Payables and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Days Sales Outstanding
Most indicators from Vicinity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vicinity Motor 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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.
Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas
Selling General Administrative is likely to drop slightly above 9.5
M in 2024.
Vicinity fundamental ratios Correlations
Click cells to compare fundamentals
Vicinity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vicinity fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Vicinity Stock Analysis
When running Vicinity's price analysis, check to
measure Vicinity'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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to
predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.