JSE Stock | | | 25.00 0.50 2.04% |
Jadestone Energy financial indicator trend analysis is infinitely more than just investigating Jadestone Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jadestone Energy is a good investment. Please check the relationship between Jadestone Energy Total Current Assets and its Cash And Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jadestone Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Assets vs Cash And Short Term Investments
Total Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jadestone Energy Total Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jadestone Energy's Total Current Assets and Cash And Short Term Investments is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Jadestone Energy, assuming nothing else is changed. The correlation between historical values of Jadestone Energy's Total Current Assets and Cash And Short Term Investments 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 Current Assets of Jadestone Energy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Jadestone Energy's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Jadestone Energy balance sheet. This account contains Jadestone Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Jadestone Energy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Jadestone Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jadestone Energy 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 Jadestone Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Issuance Of Capital Stock is expected to grow to about 53.5
M, whereas
Selling General Administrative is forecasted to decline to about 727.7
K.
Jadestone Energy fundamental ratios Correlations
Click cells to compare fundamentals
Jadestone Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jadestone Energy fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Jadestone Stock
Balance Sheet is a snapshot of the
financial position of Jadestone Energy at a specified time, usually calculated after every quarter, six months, or one year. Jadestone Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jadestone Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jadestone currently owns. An asset can also be divided into two categories, current and non-current.