| WAF Stock | | | 1.52 0.01 0.65% |
West African financial indicator trend analysis is more than just analyzing West African Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether West African Resources is a good investment. Please check the relationship between West African Non Current Assets Total and its Net Tangible Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West African 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 Net Tangible Assets
Non Current Assets Total vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
West African Resources Non Current Assets Total account and
Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between West African's Non Current Assets Total and Net Tangible Assets is 0.97. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of West African Resources, assuming nothing else is changed. The correlation between historical values of West African's Non Current Assets Total and Net Tangible 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 West African Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Current Assets Total i.e., West African's Non Current Assets Total and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from West African's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into West African 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West African 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.
At this time, West African's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 80.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 234.7
K in 2024.
West African fundamental ratios Correlations
Click cells to compare fundamentals
West African Account Relationship Matchups
High Positive Relationship
High Negative Relationship
West African fundamental ratios Accounts
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Additional Tools for West Stock Analysis
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measure West African'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 West African is operating at the current time. Most of West African's value examination focuses on studying past and present price action to
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