88 Energy financial indicator trend analysis is way more than just evaluating 88 Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 88 Energy is a good investment. Please check the relationship between 88 Energy Other Stockholder Equity and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 88 Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Other Stockholder Equity vs Property Plant And Equipment Net
Other Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
88 Energy Other Stockholder Equity account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between 88 Energy's Other Stockholder Equity and Property Plant And Equipment Net is 0.65. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of 88 Energy, assuming nothing else is changed. The correlation between historical values of 88 Energy's Other Stockholder Equity and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of 88 Energy are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Stockholder Equity i.e., 88 Energy's Other Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Stockholder Equity
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from 88 Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 88 Energy 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in 88 Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 2.4
M. In addition to that,
Issuance Of Capital Stock is expected to decline to about 34.1
M88 Energy fundamental ratios Correlations
Click cells to compare fundamentals
88 Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
88 Energy fundamental ratios Accounts
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Other Information on Investing in 88E Stock
Balance Sheet is a snapshot of the
financial position of 88 Energy at a specified time, usually calculated after every quarter, six months, or one year. 88 Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 88 Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 88E currently owns. An asset can also be divided into two categories, current and non-current.