| OML Stock | | | CAD 1.46 0.05 3.55% |
Omni Lite financial indicator trend analysis is much more than just breaking down Omni Lite Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omni Lite Industries is a good investment. Please check the relationship between Omni Lite Total Liab and its Non Current Assets Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. 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.
Total Liab vs Non Current Assets Total
Total Liab vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Omni Lite Industries Total Liab account and
Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Omni Lite's Total Liab and Non Current Assets Total is -0.16. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Omni Lite Industries Canada, assuming nothing else is changed. The correlation between historical values of Omni Lite's Total Liab and Non Current Assets Total 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 Liab of Omni Lite Industries Canada are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Liab i.e., Omni Lite's Total Liab and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Omni Lite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omni Lite Industries 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. 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.
Selling General Administrative is likely to climb to about 1.6
M in 2024.
Tax Provision is likely to climb to about 231.6
K in 2024
Omni Lite fundamental ratios Correlations
Click cells to compare fundamentals
Omni Lite Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omni Lite fundamental ratios Accounts
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