| FIND Stock | | | CAD 0.10 0.01 9.09% |
Baselode Energy financial indicator trend analysis is way more than just evaluating Baselode Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baselode Energy Corp is a good investment. Please check the relationship between Baselode Energy Net Invested Capital and its Common Stock Shares Outstanding accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Baselode Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Net Invested Capital vs Common Stock Shares Outstanding
Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Baselode Energy Corp Net Invested Capital account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Baselode Energy's Net Invested Capital and Common Stock Shares Outstanding is 0.86. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Baselode Energy Corp, assuming nothing else is changed. The correlation between historical values of Baselode Energy's Net Invested Capital 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 Net Invested Capital of Baselode Energy Corp 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 Net Invested Capital i.e., Baselode Energy's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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 Baselode Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baselode Energy Corp 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 Baselode Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Selling General Administrative is likely to drop to about 2.2
M in 2024.
Issuance Of Capital Stock is likely to drop to about 9.1
M in 2024
Baselode Energy fundamental ratios Correlations
Click cells to compare fundamentals
Baselode Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baselode Energy fundamental ratios Accounts
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Additional Tools for Baselode Stock Analysis
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measure Baselode 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 Baselode Energy is operating at the current time. Most of Baselode Energy's value examination focuses on studying past and present price action to
predict the probability of Baselode 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 Baselode Energy's price. Additionally, you may evaluate how the addition of Baselode Energy to your portfolios can decrease your overall portfolio volatility.