ZOMD Stock | | | CAD 0.87 0.07 8.75% |
Zoomd Technologies financial indicator trend analysis is more than just analyzing Zoomd Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomd Technologies is a good investment. Please check the relationship between Zoomd Technologies Market Cap and its Enterprise Value accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomd 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 unemployment.
Market Cap vs Enterprise Value
Market Cap vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoomd Technologies Market Cap account and
Enterprise Value. At this time, the significance of the direction appears to have totally related.
The correlation between Zoomd Technologies' Market Cap and Enterprise Value is 0.99. Overlapping area represents the amount of variation of Market Cap that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Zoomd Technologies, assuming nothing else is changed. The correlation between historical values of Zoomd Technologies' Market Cap and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Cap of Zoomd Technologies are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Market Cap i.e., Zoomd Technologies' Market Cap and Enterprise Value go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Market Cap
Enterprise Value
Enterprise Value (or EV) is usually referred to as Zoomd Technologies theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Zoomd Technologies debt, but would also pocket its cash. Enterprise Value is more accurate representation of Zoomd Technologies value than its market capitalization because it takes into account all of Zoomd Technologies existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.
Most indicators from Zoomd Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomd Technologies 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 Zoomd 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 unemployment.
Enterprise Value is likely to climb to about 13.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 8.1
M in 2024.
Zoomd Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Zoomd Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoomd Technologies fundamental ratios Accounts
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Additional Tools for Zoomd Stock Analysis
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measure Zoomd Technologies' 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 Zoomd Technologies is operating at the current time. Most of Zoomd Technologies' value examination focuses on studying past and present price action to
predict the probability of Zoomd Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomd Technologies' price. Additionally, you may evaluate how the addition of Zoomd Technologies to your portfolios can decrease your overall portfolio volatility.