| ZNG Stock | | | CAD 0.17 0.01 5.56% |
Group Eleven financial indicator trend analysis is much more than just examining Group Eleven Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Group Eleven Resources is a good investment. Please check the relationship between Group Eleven Other Non Cash Items and its Capital Expenditures accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Group Eleven Resources. 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.
Other Non Cash Items vs Capital Expenditures
Other Non Cash Items vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Group Eleven Resources Other Non Cash Items account and
Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Group Eleven's Other Non Cash Items and Capital Expenditures is -0.11. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Group Eleven Resources, assuming nothing else is changed. The correlation between historical values of Group Eleven's Other Non Cash Items 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 Other Non Cash Items of Group Eleven Resources 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 Other Non Cash Items i.e., Group Eleven's Other Non Cash Items and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Non Cash Items
Capital Expenditures
Capital Expenditures are funds used by Group Eleven Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Group Eleven operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Group Eleven's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Group Eleven Resources 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 Group Eleven Resources. 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.
Selling General Administrative is likely to climb to about 1.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 2.3
M in 2024.
Group Eleven fundamental ratios Correlations
Click cells to compare fundamentals
Group Eleven Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Group Eleven fundamental ratios Accounts
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