EAST Stock | | | USD 0.56 0.01 1.82% |
Eastside Distilling financial indicator trend analysis is much more than just examining Eastside Distilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastside Distilling is a good investment. Please check the relationship between Eastside Distilling Gross Profit Margin and its Non Current Liabilities Total accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eastside Stock please use our
How to Invest in Eastside Distilling guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastside Distilling Gross Profit Margin account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eastside Distilling's Gross Profit Margin and Non Current Liabilities Total is -0.65. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Eastside Distilling, assuming nothing else is changed. The correlation between historical values of Eastside Distilling's Gross Profit Margin and Non Current Liabilities 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 Gross Profit Margin of Eastside Distilling are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Gross Profit Margin i.e., Eastside Distilling's Gross Profit Margin and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Most indicators from Eastside Distilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastside Distilling 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eastside Stock please use our
How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 4.7
M in 2024, whereas
Enterprise Value Multiple is likely to drop
(3.08) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.9M | 2.4M | 1.1M | 1.9M | Total Revenue | 12.4M | 13.9M | 10.5M | 6.8M |
When running Eastside Distilling's price analysis, check to
measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to
predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.