Odyssey Energy financial indicator trend analysis is much more than just breaking down Odyssey Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Odyssey Energy is a good investment. Please check the relationship between Odyssey Energy Cost Of Revenue and its Total Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey 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.
Cost Of Revenue vs Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Odyssey Energy Cost Of Revenue account and
Total Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Odyssey Energy's Cost Of Revenue and Total Revenue is -0.05. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Odyssey Energy, assuming nothing else is changed. The correlation between historical values of Odyssey Energy's Cost Of Revenue and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Odyssey Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Odyssey Energy's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Odyssey Energy income statement and represents the costs associated with goods and services Odyssey Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Total Revenue
Total revenue comprises all receipts Odyssey Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Odyssey Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Odyssey 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey 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.
Issuance Of Capital Stock is likely to gain to about 5.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 376.8
K in 2024.
Odyssey Energy fundamental ratios Correlations
Click cells to compare fundamentals
Odyssey Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Odyssey Energy fundamental ratios Accounts
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Additional Tools for Odyssey Stock Analysis
When running Odyssey Energy's price analysis, check to
measure Odyssey 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 Odyssey Energy is operating at the current time. Most of Odyssey Energy's value examination focuses on studying past and present price action to
predict the probability of Odyssey 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 Odyssey Energy's price. Additionally, you may evaluate how the addition of Odyssey Energy to your portfolios can decrease your overall portfolio volatility.