BlackLine Average Equity vs Free Cash Flow Analysis

BL -- USA Stock  

USD 45.38  3.24  6.66%

BlackLine financial indicator trend analysis is way more than just evaluating BlackLine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackLine is a good investment. Please check the relationship between BlackLine Average Equity and its Free Cash Flow accounts. Check also Trending Equities.

Average Equity vs Free Cash Flow

Accounts Relationship

Average Equity vs Free Cash Flow

Significance: Strong Contrarian Relationship

Average Equity diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of BlackLine Average Equity account and Free Cash Flow

Correlation Coefficient

-0.55
Relationship DirectionNegative 
Relationship StrengthVery Weak

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from [Equity].

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus [CapEx].
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