Albion Resources financial indicator trend analysis is way more than just evaluating Albion Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albion Resources is a good investment. Please check the relationship between Albion Resources Capital Lease Obligations and its Common Stock Shares Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Albion Resources 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.
Capital Lease Obligations vs Common Stock Shares Outstanding
Capital Lease Obligations vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Albion Resources Capital Lease Obligations account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Albion Resources' Capital Lease Obligations and Common Stock Shares Outstanding is -0.42. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Albion Resources Limited, assuming nothing else is changed. The correlation between historical values of Albion Resources' Capital Lease Obligations and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Albion Resources Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Capital Lease Obligations i.e., Albion Resources' Capital Lease Obligations and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.42 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Lease Obligations
Albion Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Albion Resources asset purchases. For example, Albion Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Albion Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Albion Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albion Resources 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Albion Resources 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.
Issuance Of Capital Stock is likely to gain to about 1.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 352.5
K in 2024.
Albion Resources fundamental ratios Correlations
Click cells to compare fundamentals
Albion Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Albion Resources fundamental ratios Accounts
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Additional Tools for Albion Stock Analysis
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