SU Stock | | | USD 41.42 0.29 0.71% |
Suncor Energy financial indicator trend analysis is much more than just breaking down Suncor Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suncor Energy is a good investment. Please check the relationship between Suncor Energy Other Assets and its Non Current Liabilities Total accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Suncor Stock please use our
How to Invest in Suncor Energy guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Suncor Energy Other Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Suncor Energy's Other Assets and Non Current Liabilities Total is 0.38. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Suncor Energy, assuming nothing else is changed. The correlation between historical values of Suncor Energy's Other Assets and Non Current Liabilities 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 Other Assets of Suncor Energy are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Assets i.e., Suncor Energy's Other Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Suncor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suncor Energy 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 Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Suncor Stock please use our
How to Invest in Suncor Energy guide.At this time, Suncor Energy's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas
Enterprise Value Multiple is likely to drop 3.61 in 2024.
When running Suncor Energy's price analysis, check to
measure Suncor Energy'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 Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to
predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.