| PGP Stock | | | CAD 0.02 0.01 20.00% |
Cobalt Power financial indicator trend analysis is way more than just evaluating Cobalt Power Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cobalt Power Group is a good investment. Please check the relationship between Cobalt Power Total Current Assets and its Capital Stock accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cobalt Power Group. 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.
Total Current Assets vs Capital Stock
Total Current Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cobalt Power Group Total Current Assets account and
Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cobalt Power's Total Current Assets and Capital Stock is -0.24. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Cobalt Power Group, assuming nothing else is changed. The correlation between historical values of Cobalt Power's Total Current Assets and Capital Stock 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 Cobalt Power Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Assets i.e., Cobalt Power's Total Current Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Cobalt Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cobalt Power Group 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 Cobalt Power Group. 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 175.3
K in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
Cobalt Power fundamental ratios Correlations
Click cells to compare fundamentals
Cobalt Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cobalt Power fundamental ratios Accounts
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Additional Tools for Cobalt Stock Analysis
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