| SDR Stock | | | CAD 0.05 0.01 16.67% |
Stroud Resources financial indicator trend analysis is much more than just breaking down Stroud Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stroud Resources is a good investment. Please check the relationship between Stroud Resources Net Receivables and its Selling General Administrative accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stroud Resources. 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.
Net Receivables vs Selling General Administrative
Net Receivables vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stroud Resources Net Receivables account and
Selling General Administrative. At this time, the significance of the direction appears to have weak relationship.
The correlation between Stroud Resources' Net Receivables and Selling General Administrative is 0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Stroud Resources, assuming nothing else is changed. The correlation between historical values of Stroud Resources' Net Receivables and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Stroud Resources are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Receivables i.e., Stroud Resources' Net Receivables and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Receivables
Selling General Administrative
Most indicators from Stroud Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stroud Resources 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 Stroud Resources. 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 climb to about 267.2
K in 2024, despite the fact that
Issuance Of Capital Stock is likely to grow to (85.5
K).
Stroud Resources fundamental ratios Correlations
Click cells to compare fundamentals
Stroud Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stroud Resources fundamental ratios Accounts
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