| ENERGYDEV | | | 25.80 0.23 0.88% |
Energy Development financial indicator trend analysis is much more than just examining Energy Development latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Development is a good investment. Please check the relationship between Energy Development Net Interest Income and its Minority Interest accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Development. 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 Interest Income vs Minority Interest
Net Interest Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Development Net Interest Income account and
Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Energy Development's Net Interest Income and Minority Interest is -0.26. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Energy Development, assuming nothing else is changed. The correlation between historical values of Energy Development's Net Interest Income and Minority Interest 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 Interest Income of Energy Development are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Net Interest Income i.e., Energy Development's Net Interest Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.26 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Energy Development whose combined shares represent less than 50% of the total outstanding shares issued by Energy Development have a minority interest in Energy Development.
Most indicators from Energy Development's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Development 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Development. 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.
The current year's
Selling General Administrative is expected to grow to about 39.8
M, whereas
Tax Provision is forecasted to decline to (543.4
K).
Energy Development fundamental ratios Correlations
Click cells to compare fundamentals
Energy Development Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Development fundamental ratios Accounts
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Other Information on Investing in Energy Stock
Balance Sheet is a snapshot of the
financial position of Energy Development at a specified time, usually calculated after every quarter, six months, or one year. Energy Development Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Energy Development 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 Energy currently owns. An asset can also be divided into two categories, current and non-current.