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 Total Liab and its Property Plant Equipment 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.
Total Liab vs Property Plant Equipment
Total Liab vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stampede Drilling Total Liab account and
Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Stampede Drilling's Total Liab and Property Plant Equipment is 0.98. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant Equipment 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 Total Liab and Property Plant Equipment 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 Liab of Stampede Drilling are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Liab i.e., Stampede Drilling's Total Liab and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Property Plant Equipment
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.
Stampede Drilling fundamental ratios Correlations
Click cells to compare fundamentals
Stampede Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stampede Drilling fundamental ratios Accounts
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