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 Roic and its Capex To Revenue 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.
Roic vs Capex To Revenue
Roic vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WesCan Energy Corp Roic account and
Capex To Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between WesCan Energy's Roic and Capex To Revenue is 0.54. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Capex To Revenue 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 Roic and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of WesCan Energy Corp are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Roic i.e., WesCan Energy's Roic and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
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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