BSR Stock | | | CAD 0.30 0.01 3.23% |
Bluestone Resources financial indicator trend analysis is way more than just evaluating Bluestone Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bluestone Resources is a good investment. Please check the relationship between Bluestone Resources Capex To Depreciation and its Days Of Inventory On Hand accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluestone 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.
Capex To Depreciation vs Days Of Inventory On Hand
Capex To Depreciation vs Days Of Inventory On Hand Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bluestone Resources Capex To Depreciation account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bluestone Resources' Capex To Depreciation and Days Of Inventory On Hand is -0.54. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Bluestone Resources, assuming nothing else is changed. The correlation between historical values of Bluestone Resources' Capex To Depreciation and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Bluestone Resources are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Capex To Depreciation i.e., Bluestone Resources' Capex To Depreciation and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Days Of Inventory On Hand
Most indicators from Bluestone Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bluestone 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 Bluestone 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.
Issuance Of Capital Stock is likely to climb to about 79
M in 2024, whereas
Selling General Administrative is likely to drop 972.86 in 2024.
Bluestone Resources fundamental ratios Correlations
Click cells to compare fundamentals
Bluestone Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bluestone Resources fundamental ratios Accounts
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Additional Tools for Bluestone Stock Analysis
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