| FMC Stock | | | CAD 0.07 0.01 8.33% |
Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Metals is a good investment. Please check the relationship between Forum Energy Total Operating Expenses and its Interest Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Metals. 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.
Total Operating Expenses vs Interest Income
Total Operating Expenses vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Forum Energy Metals Total Operating Expenses account and
Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Forum Energy's Total Operating Expenses and Interest Income is 0.84. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Interest Income in the same time period over historical financial statements of Forum Energy Metals, assuming nothing else is changed. The correlation between historical values of Forum Energy's Total Operating Expenses and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Forum Energy Metals are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Total Operating Expenses i.e., Forum Energy's Total Operating Expenses and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Metals 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 Forum Energy Metals. 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.
At this time, Forum Energy's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 23.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
M in 2024.
Forum Energy fundamental ratios Correlations
Click cells to compare fundamentals
Forum Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forum Energy fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Forum Stock Analysis
When running Forum Energy's price analysis, check to
measure Forum Energy's 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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to
predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.