ENR Stock | | | 0.36 0.02 5.88% |
Encounter Resources financial indicator trend analysis is much more than just examining Encounter Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encounter Resources is a good investment. Please check the relationship between Encounter Resources Net Receivables and its Total Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encounter 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.
Net Receivables vs Total Revenue
Net Receivables vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Encounter Resources Net Receivables account and
Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Encounter Resources' Net Receivables and Total Revenue is 0.31. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Encounter Resources, assuming nothing else is changed. The correlation between historical values of Encounter Resources' Net Receivables and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Encounter Resources are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Receivables i.e., Encounter Resources' Net Receivables and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Receivables
Total Revenue
Total revenue comprises all receipts Encounter Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Encounter Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encounter 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encounter 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.
Selling General Administrative is likely to gain to about 840.5
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 6.6
M in 2024.
Encounter Resources fundamental ratios Correlations
Click cells to compare fundamentals
Encounter Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encounter Resources fundamental ratios Accounts
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Additional Tools for Encounter Stock Analysis
When running Encounter Resources' price analysis, check to
measure Encounter Resources' 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 Encounter Resources is operating at the current time. Most of Encounter Resources' value examination focuses on studying past and present price action to
predict the probability of Encounter Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encounter Resources' price. Additionally, you may evaluate how the addition of Encounter Resources to your portfolios can decrease your overall portfolio volatility.