SDI Stock | | | CAD 0.20 0.01 4.76% |
Stampede Drilling financial indicator trend analysis is much more than just breaking down Stampede Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stampede Drilling is a good investment. Please check the relationship between Stampede Drilling Non Current Liabilities Total and its Short Long Term Debt Total accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stampede Drilling. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stampede Drilling Non Current Liabilities Total account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stampede Drilling's Non Current Liabilities Total and Short Long Term Debt Total is 0.8. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Stampede Drilling, assuming nothing else is changed. The correlation between historical values of Stampede Drilling's Non Current Liabilities Total and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Stampede Drilling are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Non Current Liabilities Total i.e., Stampede Drilling's Non Current Liabilities Total and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Stampede Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stampede Drilling 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Stampede Drilling. 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.
At this time, Stampede Drilling's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 1.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
When running Stampede Drilling's price analysis, check to
measure Stampede Drilling'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 Stampede Drilling is operating at the current time. Most of Stampede Drilling's value examination focuses on studying past and present price action to
predict the probability of Stampede Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stampede Drilling's price. Additionally, you may evaluate how the addition of Stampede Drilling to your portfolios can decrease your overall portfolio volatility.