| OCO Stock | | | CAD 0.28 0.01 3.70% |
Oroco Resource financial indicator trend analysis is much more than just breaking down Oroco Resource Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oroco Resource Corp is a good investment. Please check the relationship between Oroco Resource Net Income and its Depreciation accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oroco Resource 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.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oroco Resource Corp Net Income account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Oroco Resource's Net Income and Depreciation is -0.45. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Oroco Resource Corp, assuming nothing else is changed. The correlation between historical values of Oroco Resource's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Oroco Resource Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Oroco Resource's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Oroco Resource Corp financial statement analysis. It represents the amount of money remaining after all of Oroco Resource Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Oroco Resource Corp value has been used up. For tax purposes Oroco Resource can deduct the cost of the tangible assets it purchases as business expenses. However, Oroco Resource Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Oroco Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oroco Resource 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oroco Resource 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.
Issuance Of Capital Stock is likely to climb to about 10.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.5
M in 2024.
Oroco Resource fundamental ratios Correlations
Click cells to compare fundamentals
Oroco Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oroco Resource fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Oroco Stock Analysis
When running Oroco Resource's price analysis, check to
measure Oroco Resource'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 Oroco Resource is operating at the current time. Most of Oroco Resource's value examination focuses on studying past and present price action to
predict the probability of Oroco Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oroco Resource's price. Additionally, you may evaluate how the addition of Oroco Resource to your portfolios can decrease your overall portfolio volatility.