SELAN Stock | | | 882.60 10.05 1.13% |
Selan Exploration financial indicator trend analysis is much more than just breaking down Selan Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Selan Exploration is a good investment. Please check the relationship between Selan Exploration Cash and its Intangible Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Selan Exploration Technology. 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.
Cash vs Intangible Assets
Cash vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Selan Exploration Cash account and
Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Selan Exploration's Cash and Intangible Assets is -0.39. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Selan Exploration Technology, assuming nothing else is changed. The correlation between historical values of Selan Exploration's Cash and Intangible 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 Cash of Selan Exploration Technology are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Cash i.e., Selan Exploration's Cash and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Selan Exploration, which is listed under current asset account on Selan Exploration Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Selan Exploration customers. The amounts must be unrestricted with restricted cash listed in a different Selan Exploration account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Selan Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Selan Exploration 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 Selan Exploration Technology. 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.
As of the 30th of November 2024,
Selling General Administrative is likely to grow to about 191.7
M. Also,
Tax Provision is likely to grow to about 142.9
MSelan Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Selan Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Selan Exploration fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Selan Stock
Balance Sheet is a snapshot of the
financial position of Selan Exploration at a specified time, usually calculated after every quarter, six months, or one year. Selan Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Selan Exploration and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Selan currently owns. An asset can also be divided into two categories, current and non-current.