E Stock | | | CAD 2.11 0.15 6.64% |
Eni SPA financial indicator trend analysis is much more than just examining Enterprise Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enterprise Group is a good investment. Please check the relationship between Eni SPA Capital Expenditures and its Investments accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Capital Expenditures vs Investments
Capital Expenditures vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enterprise Group Capital Expenditures account and
Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eni SPA's Capital Expenditures and Investments is -0.21. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Investments in the same time period over historical financial statements of Enterprise Group, assuming nothing else is changed. The correlation between historical values of Eni SPA's Capital Expenditures and Investments 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 Expenditures of Enterprise Group are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Capital Expenditures i.e., Eni SPA's Capital Expenditures and Investments go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Enterprise Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Eni SPA operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enterprise Group 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Eni SPA's
Selling General Administrative is very stable compared to the past year.
Tax Provision is expected to grow at the current pace this year, though
Discontinued Operations is likely to grow to (643.5
K).
Eni SPA fundamental ratios Correlations
Click cells to compare fundamentals
Eni SPA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eni SPA fundamental ratios Accounts
Other Information on Investing in Eni Stock
Balance Sheet is a snapshot of the
financial position of Enterprise Group at a specified time, usually calculated after every quarter, six months, or one year. Eni SPA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eni SPA 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 Eni currently owns. An asset can also be divided into two categories, current and non-current.