Century Capex To Depreciation vs Roic Analysis
| CYPE Stock | USD 0.00001 0.00 0.00% |
Century Petroleum financial indicator trend analysis is way more than just evaluating Century Petroleum Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Petroleum Corp is a good investment. Please check the relationship between Century Petroleum Capex To Depreciation and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Petroleum 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 american community survey.
Capex To Depreciation vs Roic
Capex To Depreciation vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Century Petroleum Corp Capex To Depreciation account and Roic. At this time, the significance of the direction appears to have pay attention.
The correlation between Century Petroleum's Capex To Depreciation and Roic is -0.81. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Roic in the same time period over historical financial statements of Century Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Century Petroleum's Capex To Depreciation and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Century Petroleum Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Capex To Depreciation i.e., Century Petroleum's Capex To Depreciation and Roic go up and down completely randomly.
Correlation Coefficient | -0.81 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.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.Most indicators from Century Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Petroleum 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 Century Petroleum 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 american community survey. The current year's Enterprise Value is expected to grow to about 54.2 M, whereas Selling General Administrative is forecasted to decline to about 15.4 K.
Century Petroleum fundamental ratios Correlations
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Century Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Century Petroleum Corp is a strong investment it is important to analyze Century Petroleum's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Century Petroleum's future performance. For an informed investment choice regarding Century Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Petroleum 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 american community survey. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Century Petroleum. If investors know Century will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Century Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Century Petroleum Corp is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Century Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Century Petroleum's market value can be influenced by many factors that don't directly affect Century Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.