WCE Stock | | | CAD 0.08 0.01 11.11% |
WesCan Energy financial indicator trend analysis is more than just analyzing WesCan Energy Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WesCan Energy Corp is a good investment. Please check the relationship between WesCan Energy Book Value Per Share and its Pfcf Ratio accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WesCan Energy Corp. 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.
Book Value Per Share vs Pfcf Ratio
Book Value Per Share vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WesCan Energy Corp Book Value Per Share account and
Pfcf Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between WesCan Energy's Book Value Per Share and Pfcf Ratio is 0.06. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of WesCan Energy Corp, assuming nothing else is changed. The correlation between historical values of WesCan Energy's Book Value Per Share and Pfcf Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of WesCan Energy Corp are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Book Value Per Share i.e., WesCan Energy's Book Value Per Share and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Pfcf Ratio
Most indicators from WesCan Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WesCan Energy Corp 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 WesCan Energy Corp. 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, WesCan Energy's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 401.5
K in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.18 in 2024.
WesCan Energy fundamental ratios Correlations
Click cells to compare fundamentals
WesCan Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WesCan Energy fundamental ratios Accounts
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Additional Tools for WesCan Stock Analysis
When running WesCan Energy's price analysis, check to
measure WesCan 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 WesCan Energy is operating at the current time. Most of WesCan Energy's value examination focuses on studying past and present price action to
predict the probability of WesCan 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 WesCan Energy's price. Additionally, you may evaluate how the addition of WesCan Energy to your portfolios can decrease your overall portfolio volatility.