EGY Stock | | | USD 5.23 0.18 3.33% |
Vaalco Energy financial indicator trend analysis is much more than just breaking down Vaalco Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vaalco Energy is a good investment. Please check the relationship between Vaalco Energy Accumulated Depreciation and its Capital Stock accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.
Accumulated Depreciation vs Capital Stock
Accumulated Depreciation vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vaalco Energy Accumulated Depreciation account and
Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Vaalco Energy's Accumulated Depreciation and Capital Stock is -0.24. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Vaalco Energy, assuming nothing else is changed. The correlation between historical values of Vaalco Energy's Accumulated Depreciation and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Vaalco Energy are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Accumulated Depreciation i.e., Vaalco Energy's Accumulated Depreciation and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Vaalco Energy fixed asset that has been charged to Vaalco Energy expense since that asset was acquired and made available for Vaalco Energy use. The accumulated depreciation account is Vaalco Energy asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Vaalco Energy.
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Vaalco Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vaalco Energy 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 Vaalco Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.At this time, Vaalco Energy's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 62.1
M in 2024, whereas
Discontinued Operations is likely to drop (86.9
K) in 2024.
Vaalco Energy fundamental ratios Correlations
Click cells to compare fundamentals
Vaalco Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vaalco Energy fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Vaalco Stock Analysis
When running Vaalco Energy's price analysis, check to
measure Vaalco Energy'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 Vaalco Energy is operating at the current time. Most of Vaalco Energy's value examination focuses on studying past and present price action to
predict the probability of Vaalco Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vaalco Energy's price. Additionally, you may evaluate how the addition of Vaalco Energy to your portfolios can decrease your overall portfolio volatility.