| 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 Roe and its Free Cash Flow Per Share 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.
Roe vs Free Cash Flow Per Share
Roe vs Free Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WesCan Energy Corp Roe account and
Free Cash Flow Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between WesCan Energy's Roe and Free Cash Flow Per Share is 0.61. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Free Cash Flow Per Share 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 Roe and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of WesCan Energy Corp are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Roe i.e., WesCan Energy's Roe and Free Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Roe
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
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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