| WATR Stock | | | CAD 0.03 0.01 25.00% |
Current Water financial indicator trend analysis is way more than just evaluating Current Water Techno prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Current Water Techno is a good investment. Please check the relationship between Current Water Total Current Assets and its Intangible Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Current Water Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Total Current Assets vs Intangible Assets
Total Current Assets vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Current Water Techno Total Current Assets account and
Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Current Water's Total Current Assets and Intangible Assets is -0.37. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Current Water Technologies, assuming nothing else is changed. The correlation between historical values of Current Water's Total Current Assets and Intangible Assets 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 Current Water Technologies are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Assets i.e., Current Water's Total Current Assets and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Current Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Current Water Techno 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Current Water Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Current Water's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 12.50 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.30 in 2024.
Current Water fundamental ratios Correlations
Click cells to compare fundamentals
Current Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Current Water 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 Current Stock Analysis
When running Current Water's price analysis, check to
measure Current Water'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 Current Water is operating at the current time. Most of Current Water's value examination focuses on studying past and present price action to
predict the probability of Current Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Current Water's price. Additionally, you may evaluate how the addition of Current Water to your portfolios can decrease your overall portfolio volatility.