CIG-C Stock | | | USD 2.49 0.04 1.63% |
Energy Of financial indicator trend analysis is much more than just examining Energy of Minas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy of Minas is a good investment. Please check the relationship between Energy Of Other Current Liab and its Common Stock Shares Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Energy of Minas. 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.
Other Current Liab vs Common Stock Shares Outstanding
Other Current Liab vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy of Minas Other Current Liab account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Energy Of's Other Current Liab and Common Stock Shares Outstanding is 0.34. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Energy of Minas, assuming nothing else is changed. The correlation between historical values of Energy Of's Other Current Liab 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 Other Current Liab of Energy of Minas 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 Other Current Liab i.e., Energy Of's Other Current Liab and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Liab
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 Energy Of's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy of Minas 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 Energy of Minas. 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 present, Energy Of's
Discontinued Operations is projected to increase significantly based on the last few years of reporting.
Energy Of fundamental ratios Correlations
Click cells to compare fundamentals
Energy Of Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Of fundamental ratios Accounts
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Other Information on Investing in Energy Stock
Balance Sheet is a snapshot of the
financial position of Energy of Minas at a specified time, usually calculated after every quarter, six months, or one year. Energy Of Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Energy Of 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 Energy currently owns. An asset can also be divided into two categories, current and non-current.