| 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 Non Current Assets Total and its Total Current Assets 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.
Non Current Assets Total vs Total Current Assets
Non Current Assets Total vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stroud Resources Non Current Assets Total account and
Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Stroud Resources' Non Current Assets Total and Total Current Assets is -0.41. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets 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' Non Current Assets Total and Total Current Assets 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 Assets Total of Stroud Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., Stroud Resources' Non Current Assets Total and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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.
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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Additional Tools for Stroud Stock Analysis
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measure Stroud Resources' 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 Stroud Resources is operating at the current time. Most of Stroud Resources' value examination focuses on studying past and present price action to
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