| 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 Short Term Investments and its Accounts Payable 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.
Short Term Investments vs Accounts Payable
Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
West African Resources Short Term Investments account and
Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between West African's Short Term Investments and Accounts Payable is -0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Accounts Payable 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 Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of West African Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Term Investments i.e., West African's Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.66 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of West African balance sheet. It contains any investments West African Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that West African Resources can easily liquidate in the marketplace.
Accounts Payable
An accounting item on the balance sheet that represents West African obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of West African Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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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