| EPL Stock | | | CAD 0.10 0.01 9.09% |
Eagle Plains financial indicator trend analysis is much more than just examining Eagle Plains Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Plains Resources is a good investment. Please check the relationship between Eagle Plains Other Non Cash Items and its Depreciation accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Plains 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.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eagle Plains Resources Other Non Cash Items account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eagle Plains' Other Non Cash Items and Depreciation is -0.41. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of Eagle Plains Resources, assuming nothing else is changed. The correlation between historical values of Eagle Plains' Other Non Cash Items and Depreciation 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 Non Cash Items of Eagle Plains Resources are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Other Non Cash Items i.e., Eagle Plains' Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Non Cash Items
Depreciation
Depreciation indicates how much of Eagle Plains Resources value has been used up. For tax purposes Eagle Plains can deduct the cost of the tangible assets it purchases as business expenses. However, Eagle Plains Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Eagle Plains' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eagle Plains 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 Eagle Plains 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.
Enterprise Value is likely to climb to about 8.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
M in 2024.
Eagle Plains fundamental ratios Correlations
Click cells to compare fundamentals
Eagle Plains Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eagle Plains fundamental ratios Accounts
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Additional Tools for Eagle Stock Analysis
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measure Eagle Plains' 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 Eagle Plains is operating at the current time. Most of Eagle Plains' value examination focuses on studying past and present price action to
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