| AXL Stock | | | CAD 0.41 0.01 2.38% |
Arrow Exploration financial indicator trend analysis is way more than just evaluating Arrow Exploration Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arrow Exploration Corp is a good investment. Please check the relationship between Arrow Exploration Depreciation and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Arrow Exploration Corp. 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.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Arrow Exploration Corp Depreciation account and
Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Arrow Exploration's Depreciation and Net Income is -0.78. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Arrow Exploration Corp, assuming nothing else is changed. The correlation between historical values of Arrow Exploration's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Arrow Exploration Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Arrow Exploration's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | -0.78 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of Arrow Exploration Corp value has been used up. For tax purposes Arrow Exploration can deduct the cost of the tangible assets it purchases as business expenses. However, Arrow Exploration Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Arrow Exploration Corp financial statement analysis. It represents the amount of money remaining after all of Arrow Exploration Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Arrow Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arrow Exploration Corp 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 Arrow Exploration Corp. 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.
At this time, Arrow Exploration's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 4.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 4.9
M in 2024.
Arrow Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Arrow Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arrow Exploration fundamental ratios Accounts
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Additional Tools for Arrow Stock Analysis
When running Arrow Exploration's price analysis, check to
measure Arrow Exploration'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 Arrow Exploration is operating at the current time. Most of Arrow Exploration's value examination focuses on studying past and present price action to
predict the probability of Arrow Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arrow Exploration's price. Additionally, you may evaluate how the addition of Arrow Exploration to your portfolios can decrease your overall portfolio volatility.