ZUM Stock | | | CAD 0.07 0.01 6.25% |
ZoomerMedia financial indicator trend analysis is more than just analyzing ZoomerMedia Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZoomerMedia Limited is a good investment. Please check the relationship between ZoomerMedia Sale Purchase Of Stock and its Change In Cash accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZoomerMedia Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZoomerMedia Limited Sale Purchase Of Stock account and
Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ZoomerMedia's Sale Purchase Of Stock and Change In Cash is -0.13. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change In Cash in the same time period over historical financial statements of ZoomerMedia Limited, assuming nothing else is changed. The correlation between historical values of ZoomerMedia's Sale Purchase Of Stock and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of ZoomerMedia Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Sale Purchase Of Stock i.e., ZoomerMedia's Sale Purchase Of Stock and Change In Cash go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from ZoomerMedia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZoomerMedia Limited 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 ZoomerMedia Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
At this time, ZoomerMedia's
Discontinued Operations is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 4.63 in 2024, whereas
Tax Provision is likely to drop slightly above 338
K in 2024.
When running ZoomerMedia's price analysis, check to
measure ZoomerMedia'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 ZoomerMedia is operating at the current time. Most of ZoomerMedia's value examination focuses on studying past and present price action to
predict the probability of ZoomerMedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZoomerMedia's price. Additionally, you may evaluate how the addition of ZoomerMedia to your portfolios can decrease your overall portfolio volatility.