BROGW Stock | | | USD 0 0.0004 25.00% |
Brooge Energy financial indicator trend analysis is way more than just evaluating Brooge Energy Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brooge Energy Limited is a good investment. Please check the relationship between Brooge Energy Net Invested Capital and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Brooge Energy Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Net Invested Capital vs Other Stockholder Equity
Net Invested Capital vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Brooge Energy Limited Net Invested Capital account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Brooge Energy's Net Invested Capital and Other Stockholder Equity is 0.83. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Brooge Energy Limited, assuming nothing else is changed. The correlation between historical values of Brooge Energy's Net Invested Capital and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Brooge Energy Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Invested Capital i.e., Brooge Energy's Net Invested Capital and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Other Stockholder Equity
Most indicators from Brooge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brooge Energy Limited 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 Brooge Energy Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Selling General Administrative is likely to climb to about 15.7
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.1 in 2024.
Brooge Energy fundamental ratios Correlations
Click cells to compare fundamentals
Brooge Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brooge Energy fundamental ratios Accounts
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Additional Tools for Brooge Stock Analysis
When running Brooge Energy's price analysis, check to
measure Brooge Energy's 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 Brooge Energy is operating at the current time. Most of Brooge Energy's value examination focuses on studying past and present price action to
predict the probability of Brooge Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brooge Energy's price. Additionally, you may evaluate how the addition of Brooge Energy to your portfolios can decrease your overall portfolio volatility.