EQ Resources financial indicator trend analysis is much more than just examining EQ Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EQ Resources is a good investment. Please check the relationship between EQ Resources Cash and its Common Stock Shares Outstanding accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQ 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.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EQ Resources Cash account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between EQ Resources' Cash and Common Stock Shares Outstanding is 0.67. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of EQ Resources, assuming nothing else is changed. The correlation between historical values of EQ Resources' Cash 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 Cash of EQ Resources 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 Cash i.e., EQ Resources' Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of EQ Resources, which is listed under current asset account on EQ Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EQ Resources customers. The amounts must be unrestricted with restricted cash listed in a different EQ Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 EQ Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EQ 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 EQ 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 21.2
M in 2025.
Issuance Of Capital Stock is likely to gain to about 44.4
M in 2025
EQ Resources fundamental ratios Correlations
Click cells to compare fundamentals
EQ Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EQ Resources fundamental ratios Accounts
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Additional Tools for EQR Stock Analysis
When running EQ Resources' price analysis, check to
measure EQ 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 EQ Resources is operating at the current time. Most of EQ Resources' value examination focuses on studying past and present price action to
predict the probability of EQ Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EQ Resources' price. Additionally, you may evaluate how the addition of EQ Resources to your portfolios can decrease your overall portfolio volatility.