| 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 Capex To Depreciation and its Days Sales Outstanding 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.
Capex To Depreciation vs Days Sales Outstanding
Capex To Depreciation vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jericho Oil Corp Capex To Depreciation account and
Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Jericho Oil's Capex To Depreciation and Days Sales Outstanding is -0.47. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Days Sales Outstanding 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 Capex To Depreciation and Days Sales 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 Capex To Depreciation of Jericho Oil Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Capex To Depreciation i.e., Jericho Oil's Capex To Depreciation and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Days Sales Outstanding
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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