Energy Resources financial indicator trend analysis is much more than just examining Energy Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Resources is a good investment. Please check the relationship between Energy Resources Total Assets and its Current Deferred Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy 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.
Total Assets vs Current Deferred Revenue
Total Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Resources Total Assets account and
Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Energy Resources' Total Assets and Current Deferred Revenue is -0.8. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Energy Resources, assuming nothing else is changed. The correlation between historical values of Energy Resources' Total Assets and Current Deferred 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 Total Assets of Energy Resources are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Assets i.e., Energy Resources' Total Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Energy Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Energy Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Energy Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy 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 Energy 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.
Issuance Of Capital Stock is likely to gain to about 338.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.2
M in 2024.
Energy Resources fundamental ratios Correlations
Click cells to compare fundamentals
Energy Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Resources fundamental ratios Accounts
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Additional Tools for Energy Stock Analysis
When running Energy Resources' price analysis, check to
measure Energy 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 Energy Resources is operating at the current time. Most of Energy Resources' value examination focuses on studying past and present price action to
predict the probability of Energy Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Resources' price. Additionally, you may evaluate how the addition of Energy Resources to your portfolios can decrease your overall portfolio volatility.