| JEV Stock | | | CAD 0.13 0.01 8.33% |
Jericho Oil financial indicator trend analysis is infinitely more than just investigating Jericho Oil Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jericho Oil Corp is a good investment. Please check the relationship between Jericho Oil Average Payables and its Free Cash Flow Yield accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jericho Oil 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 board of governors.
Average Payables vs Free Cash Flow Yield
Average Payables vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jericho Oil Corp Average Payables account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Jericho Oil's Average Payables and Free Cash Flow Yield is -0.3. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Jericho Oil Corp, assuming nothing else is changed. The correlation between historical values of Jericho Oil's Average Payables and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Jericho Oil Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., Jericho Oil's Average Payables and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Jericho Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jericho Oil 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jericho Oil 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 board of governors.
Selling General Administrative is likely to climb to about 4.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 2.5
M in 2024.
Jericho Oil fundamental ratios Correlations
Click cells to compare fundamentals
Jericho Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jericho Oil fundamental ratios Accounts
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Additional Tools for Jericho Stock Analysis
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measure Jericho Oil'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 Jericho Oil is operating at the current time. Most of Jericho Oil's value examination focuses on studying past and present price action to
predict the probability of Jericho Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jericho Oil's price. Additionally, you may evaluate how the addition of Jericho Oil to your portfolios can decrease your overall portfolio volatility.