Flinders Book Value Per Share vs Interest Coverage Analysis
| FDR Stock | CAD 5.41 0.34 6.71% |
Flinders Resources financial indicator trend analysis is much more than just examining Flinders Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flinders Resources is a good investment. Please check the relationship between Flinders Resources Book Value Per Share and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flinders Resources 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 board of governors.
Book Value Per Share vs Interest Coverage
Book Value Per Share vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flinders Resources Book Value Per Share account and Interest Coverage. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Flinders Resources' Book Value Per Share and Interest Coverage is 0.43. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Flinders Resources Limited, assuming nothing else is changed. The correlation between historical values of Flinders Resources' Book Value Per Share and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Flinders Resources Limited are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Book Value Per Share i.e., Flinders Resources' Book Value Per Share and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.43 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Interest Coverage
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When running Flinders Resources' price analysis, check to measure Flinders 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 Flinders Resources is operating at the current time. Most of Flinders Resources' value examination focuses on studying past and present price action to predict the probability of Flinders Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flinders Resources' price. Additionally, you may evaluate how the addition of Flinders Resources to your portfolios can decrease your overall portfolio volatility.