SCOT Stock | | | CAD 0.16 0.01 5.88% |
Scottie Resources financial indicator trend analysis is much more than just breaking down Scottie Resources Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scottie Resources Corp is a good investment. Please check the relationship between Scottie Resources Pb Ratio and its Average Payables accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Scottie Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Pb Ratio vs Average Payables
Pb Ratio vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scottie Resources Corp Pb Ratio account and
Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Scottie Resources' Pb Ratio and Average Payables is -0.24. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Scottie Resources Corp, assuming nothing else is changed. The correlation between historical values of Scottie Resources' Pb Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Scottie Resources Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Pb Ratio i.e., Scottie Resources' Pb Ratio and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pb Ratio
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Scottie Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scottie Resources Corp 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Scottie Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Scottie Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 29.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 6.3
M in 2024.
Scottie Resources fundamental ratios Correlations
Click cells to compare fundamentals
Scottie Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scottie Resources fundamental ratios Accounts
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