| AOI Stock | | | CAD 1.86 0.02 1.09% |
Africa Oil financial indicator trend analysis is way more than just evaluating Africa Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Africa Oil Corp is a good investment. Please check the relationship between Africa Oil Free Cash Flow Yield and its Free Cash Flow Per Share accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil 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.
Free Cash Flow Yield vs Free Cash Flow Per Share
Free Cash Flow Yield 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
Africa Oil Corp Free Cash Flow Yield account and
Free Cash Flow Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Africa Oil's Free Cash Flow Yield and Free Cash Flow Per Share is 0.64. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Africa Oil Corp, assuming nothing else is changed. The correlation between historical values of Africa Oil's Free Cash Flow Yield 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 Free Cash Flow Yield of Africa Oil 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 Free Cash Flow Yield i.e., Africa Oil's Free Cash Flow Yield and Free Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
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 Africa Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Africa Oil 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil 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.
As of the 27th of February 2025,
Enterprise Value is likely to grow to about 639.2
M, while
Selling General Administrative is likely to drop about 34.9
K.
Africa Oil fundamental ratios Correlations
Click cells to compare fundamentals
Africa Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Africa Oil fundamental ratios Accounts
Other Information on Investing in Africa Stock
Balance Sheet is a snapshot of the
financial position of Africa Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Africa Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Africa Oil 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 Africa currently owns. An asset can also be divided into two categories, current and non-current.