ARA Stock | | | 0.41 0.02 4.65% |
Aclara Resources financial indicator trend analysis is way more than just evaluating Aclara Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aclara Resources is a good investment. Please check the relationship between Aclara Resources Common Stock Shares Outstanding and its Net Invested Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclara Resources. 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.
Common Stock Shares Outstanding vs Net Invested Capital
Common Stock Shares Outstanding vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aclara Resources Common Stock Shares Outstanding account and
Net Invested Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Aclara Resources' Common Stock Shares Outstanding and Net Invested Capital is -0.85. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Aclara Resources, assuming nothing else is changed. The correlation between historical values of Aclara Resources' Common Stock Shares Outstanding and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Aclara Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Common Stock Shares Outstanding i.e., Aclara Resources' Common Stock Shares Outstanding and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Aclara Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aclara 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 Aclara Resources. 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.
As of the 30th of November 2024,
Selling General Administrative is likely to grow to about 7.2
M, while
Issuance Of Capital Stock is likely to drop 0.00.
Aclara Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aclara Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aclara Resources fundamental ratios Accounts
Other Information on Investing in Aclara Stock
Balance Sheet is a snapshot of the
financial position of Aclara Resources at a specified time, usually calculated after every quarter, six months, or one year. Aclara Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aclara Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aclara currently owns. An asset can also be divided into two categories, current and non-current.