ZUM Stock | | | CAD 0.07 0.00 0.00% |
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 Short Term Debt and its 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
signals in board of governors.
Short Term Debt vs Cash
Short Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZoomerMedia Limited Short Term Debt account and
Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ZoomerMedia's Short Term Debt and Cash is -0.44. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of 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 Short Term Debt and 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 Short Term Debt of ZoomerMedia Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Debt i.e., ZoomerMedia's Short Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Debt
Cash
Cash refers to the most liquid asset of ZoomerMedia Limited, which is listed under current asset account on ZoomerMedia Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ZoomerMedia customers. The amounts must be unrestricted with restricted cash listed in a different ZoomerMedia account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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
signals in board of governors.
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.
ZoomerMedia fundamental ratios Correlations
Click cells to compare fundamentals
ZoomerMedia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZoomerMedia fundamental ratios Accounts
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