| XST Stock | | | 0.01 0.00 0.00% |
Xstate Resources financial indicator trend analysis is more than just analyzing Xstate Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xstate Resources is a good investment. Please check the relationship between Xstate Resources Capital Expenditures and its Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xstate 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.
Capital Expenditures vs Investments
Capital Expenditures vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xstate Resources Capital Expenditures account and
Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xstate Resources' Capital Expenditures and Investments is -0.62. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Investments in the same time period over historical financial statements of Xstate Resources, assuming nothing else is changed. The correlation between historical values of Xstate Resources' Capital Expenditures and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Xstate Resources are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Capital Expenditures i.e., Xstate Resources' Capital Expenditures and Investments go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Xstate Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Xstate Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Xstate Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xstate 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 Xstate 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, Xstate Resources'
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 6.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 366.6
K in 2024.
Xstate Resources fundamental ratios Correlations
Click cells to compare fundamentals
Xstate Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xstate Resources fundamental ratios Accounts
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Additional Tools for Xstate Stock Analysis
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measure Xstate Resources' 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 Xstate Resources is operating at the current time. Most of Xstate Resources' value examination focuses on studying past and present price action to
predict the probability of Xstate Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xstate Resources' price. Additionally, you may evaluate how the addition of Xstate Resources to your portfolios can decrease your overall portfolio volatility.