Flinders Interest Coverage vs Net Income Per Share Analysis
| FDR Stock | CAD 5.00 0.18 3.47% |
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 Interest Coverage and its Net Income Per Share 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.
Interest Coverage vs Net Income Per Share
Interest Coverage vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flinders Resources Interest Coverage account and Net Income Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Flinders Resources' Interest Coverage and Net Income Per Share is -0.63. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Net Income Per Share 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' Interest Coverage and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Flinders Resources Limited are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Interest Coverage i.e., Flinders Resources' Interest Coverage and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | -0.63 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.