| WCE Stock | | | CAD 0.08 0.01 14.29% |
WesCan Energy financial indicator trend analysis is more than just analyzing WesCan Energy Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WesCan Energy Corp is a good investment. Please check the relationship between WesCan Energy Net Income and its Capital Expenditures accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WesCan Energy 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 board of governors.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WesCan Energy Corp Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have almost no relationship.
The correlation between WesCan Energy's Net Income and Capital Expenditures is 0.14. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of WesCan Energy Corp, assuming nothing else is changed. The correlation between historical values of WesCan Energy's Net Income and Capital Expenditures 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 Income of WesCan Energy Corp are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., WesCan Energy's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in WesCan Energy Corp financial statement analysis. It represents the amount of money remaining after all of WesCan Energy Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by WesCan Energy Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of WesCan Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from WesCan Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WesCan Energy 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WesCan Energy 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 board of governors.
At this time, WesCan Energy's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 401.5
K in 2025, whereas
Sales General And Administrative To Revenue is likely to drop 0.21 in 2025.
WesCan Energy fundamental ratios Correlations
Click cells to compare fundamentals
WesCan Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WesCan Energy fundamental ratios Accounts
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Additional Tools for WesCan Stock Analysis
When running WesCan Energy's price analysis, check to
measure WesCan 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 WesCan Energy is operating at the current time. Most of WesCan Energy's value examination focuses on studying past and present price action to
predict the probability of WesCan 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 WesCan Energy's price. Additionally, you may evaluate how the addition of WesCan Energy to your portfolios can decrease your overall portfolio volatility.