ARA Stock | | | 0.43 0.02 4.88% |
Aclara Resources financial indicator trend analysis is way more than just evaluating Aclara Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aclara Resources is a good investment. Please check the relationship between Aclara Resources Free Cash Flow Per Share and its Pb Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclara 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.
Free Cash Flow Per Share vs Pb Ratio
Free Cash Flow Per Share vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aclara Resources Free Cash Flow Per Share account and
Pb Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Aclara Resources' Free Cash Flow Per Share and Pb Ratio is 0.93. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Aclara Resources, assuming nothing else is changed. The correlation between historical values of Aclara Resources' Free Cash Flow Per Share and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Aclara Resources are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Per Share i.e., Aclara Resources' Free Cash Flow Per Share and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Pb Ratio
Most indicators from Aclara Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aclara 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclara 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.
As of the 4th of December 2024,
Selling General Administrative is likely to grow to about 7.2
M, while
Issuance Of Capital Stock is likely to drop 0.00.
Aclara Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aclara Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aclara Resources fundamental ratios Accounts
Other Information on Investing in Aclara Stock
Balance Sheet is a snapshot of the
financial position of Aclara Resources at a specified time, usually calculated after every quarter, six months, or one year. Aclara Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aclara Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aclara currently owns. An asset can also be divided into two categories, current and non-current.