| SOLR Stock | | | CAD 0.04 0.01 16.67% |
Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Net Tangible Assets and its Total Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Net Tangible Assets vs Total Liab
Net Tangible Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solar Alliance Energy Net Tangible Assets account and
Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Solar Alliance's Net Tangible Assets and Total Liab is -0.19. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance's Net Tangible Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Solar Alliance Energy are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Tangible Assets i.e., Solar Alliance's Net Tangible Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance Energy 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 Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Enterprise Value is likely to climb to about 18.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.9
M in 2024.
Solar Alliance fundamental ratios Correlations
Click cells to compare fundamentals
Solar Alliance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solar Alliance fundamental ratios Accounts
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Additional Tools for Solar Stock Analysis
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measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to
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