| PE Stock | | | CAD 0.30 0.01 3.23% |
Pure Energy financial indicator trend analysis is much more than just breaking down Pure Energy Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pure Energy Minerals is a good investment. Please check the relationship between Pure Energy Book Value Per Share and its Average Payables accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Energy Minerals. 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.
Book Value Per Share vs Average Payables
Book Value Per Share vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pure Energy Minerals Book Value Per Share account and
Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Pure Energy's Book Value Per Share and Average Payables is -0.17. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Pure Energy Minerals, assuming nothing else is changed. The correlation between historical values of Pure Energy's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Pure Energy Minerals are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Pure Energy's Book Value Per Share and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.17 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Pure Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pure Energy Minerals 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 Pure Energy Minerals. 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.
Sales General And Administrative To Revenue is likely to climb to 2.99 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.1
M in 2024.
Pure Energy fundamental ratios Correlations
Click cells to compare fundamentals
Pure Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pure Energy fundamental ratios Accounts
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Additional Tools for Pure Stock Analysis
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measure Pure 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 Pure Energy is operating at the current time. Most of Pure Energy's value examination focuses on studying past and present price action to
predict the probability of Pure 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 Pure Energy's price. Additionally, you may evaluate how the addition of Pure Energy to your portfolios can decrease your overall portfolio volatility.