| 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 Cash and its Common Stock 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.
Cash vs Common Stock
Cash vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jericho Oil Corp Cash account and
Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Jericho Oil's Cash and Common Stock is -0.69. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock 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 Cash and Common Stock 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 Jericho Oil Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash i.e., Jericho Oil's Cash and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Jericho Oil Corp, which is listed under current asset account on Jericho Oil Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jericho Oil customers. The amounts must be unrestricted with restricted cash listed in a different Jericho Oil 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
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.