ORC-B Stock | | | CAD 2.88 0.12 4.00% |
Orca Energy financial indicator trend analysis is much more than just breaking down Orca Energy Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orca Energy Group is a good investment. Please check the relationship between Orca Energy Common Stock Shares Outstanding and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orca Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Common Stock Shares Outstanding vs Cash
Common Stock Shares Outstanding vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orca Energy Group Common Stock Shares Outstanding account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orca Energy's Common Stock Shares Outstanding and Cash is -0.2. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash in the same time period over historical financial statements of Orca Energy Group, assuming nothing else is changed. The correlation between historical values of Orca Energy's Common Stock Shares Outstanding and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Orca Energy Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Shares Outstanding i.e., Orca Energy's Common Stock Shares Outstanding and Cash go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Cash
Cash refers to the most liquid asset of Orca Energy Group, which is listed under current asset account on Orca Energy Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orca Energy customers. The amounts must be unrestricted with restricted cash listed in a different Orca Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Orca Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orca Energy Group 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orca Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
At this time, Orca Energy's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 0.07 in 2024, whereas
Tax Provision is likely to drop slightly above 17.7
M in 2024.
Orca Energy fundamental ratios Correlations
Click cells to compare fundamentals
Orca Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orca Energy fundamental ratios Accounts
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Additional Tools for Orca Stock Analysis
When running Orca Energy's price analysis, check to
measure Orca 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 Orca Energy is operating at the current time. Most of Orca Energy's value examination focuses on studying past and present price action to
predict the probability of Orca 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 Orca Energy's price. Additionally, you may evaluate how the addition of Orca Energy to your portfolios can decrease your overall portfolio volatility.