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 Income Quality and its Capex To Operating Cash Flow 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.
Income Quality vs Capex To Operating Cash Flow
Income Quality vs Capex To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WesCan Energy Corp Income Quality account and
Capex To Operating Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between WesCan Energy's Income Quality and Capex To Operating Cash Flow is -0.49. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Capex To Operating Cash Flow 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 Income Quality and Capex To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of WesCan Energy Corp are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Income Quality i.e., WesCan Energy's Income Quality and Capex To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Capex To Operating Cash Flow
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
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