MAH Stock | | | CAD 0.01 0.00 0.00% |
Marksmen Energy financial indicator trend analysis is infinitely more than just investigating Marksmen Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marksmen Energy is a good investment. Please check the relationship between Marksmen Energy Short Term Investments and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marksmen 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 board of governors.
Short Term Investments vs Total Current Assets
Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Marksmen Energy Short Term Investments account and
Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Marksmen Energy's Short Term Investments and Total Current Assets is -0.45. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Marksmen Energy, assuming nothing else is changed. The correlation between historical values of Marksmen Energy's Short Term Investments and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Marksmen Energy are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Investments i.e., Marksmen Energy's Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Marksmen Energy balance sheet. It contains any investments Marksmen Energy undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Marksmen Energy can easily liquidate in the marketplace.
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.
Most indicators from Marksmen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marksmen 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marksmen 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 board of governors.
Selling General Administrative is likely to drop to about 936.8
K in 2024.
Issuance Of Capital Stock is likely to drop to about 114.8
K in 2024
Marksmen Energy fundamental ratios Correlations
Click cells to compare fundamentals
Marksmen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marksmen Energy fundamental ratios Accounts
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Additional Tools for Marksmen Stock Analysis
When running Marksmen Energy's price analysis, check to
measure Marksmen 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 Marksmen Energy is operating at the current time. Most of Marksmen Energy's value examination focuses on studying past and present price action to
predict the probability of Marksmen 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 Marksmen Energy's price. Additionally, you may evaluate how the addition of Marksmen Energy to your portfolios can decrease your overall portfolio volatility.