| ENR Stock | | | 0.37 0.01 2.63% |
Encounter Resources financial indicator trend analysis is much more than just examining Encounter Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encounter Resources is a good investment. Please check the relationship between Encounter Resources Cash And Short Term Investments and its Net Receivables accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encounter Resources. 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.
Cash And Short Term Investments vs Net Receivables
Cash And Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Encounter Resources Cash And Short Term Investments account and
Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Encounter Resources' Cash And Short Term Investments and Net Receivables is -0.24. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Encounter Resources, assuming nothing else is changed. The correlation between historical values of Encounter Resources' Cash And Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Encounter Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Encounter Resources' Cash And Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Encounter Resources balance sheet. This account contains Encounter Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Encounter Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Receivables
Most indicators from Encounter Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encounter Resources 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 Encounter Resources. 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.
Selling General Administrative is likely to gain to about 840.5
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 6.6
M in 2024.
Encounter Resources fundamental ratios Correlations
Click cells to compare fundamentals
Encounter Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encounter Resources fundamental ratios Accounts
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Additional Tools for Encounter Stock Analysis
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measure Encounter Resources' 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 Encounter Resources is operating at the current time. Most of Encounter Resources' value examination focuses on studying past and present price action to
predict the probability of Encounter Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encounter Resources' price. Additionally, you may evaluate how the addition of Encounter Resources to your portfolios can decrease your overall portfolio volatility.