| EMO Stock | | | CAD 0.86 0.03 3.61% |
Emerita Resources financial indicator trend analysis is much more than just examining Emerita Resources Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Emerita Resources Corp is a good investment. Please check the relationship between Emerita Resources Net Borrowings and its Net Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerita 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 board of governors.
Net Borrowings vs Net Income
Net Borrowings vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Emerita Resources Corp Net Borrowings account and
Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Emerita Resources' Net Borrowings and Net Income is 0.96. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Emerita Resources Corp, assuming nothing else is changed. The correlation between historical values of Emerita Resources' Net Borrowings and Net Income 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 Borrowings of Emerita Resources Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Emerita Resources' Net Borrowings and Net Income go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Emerita Resources Corp financial statement analysis. It represents the amount of money remaining after all of Emerita Resources Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Emerita Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Emerita 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerita 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 board of governors.
Selling General Administrative is likely to drop to about 3.5
M in 2024.
Issuance Of Capital Stock is likely to drop to about 8.8
M in 2024
Emerita Resources fundamental ratios Correlations
Click cells to compare fundamentals
Emerita Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Emerita Resources fundamental ratios Accounts
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Additional Tools for Emerita Stock Analysis
When running Emerita Resources' price analysis, check to
measure Emerita Resources' 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 Emerita Resources is operating at the current time. Most of Emerita Resources' value examination focuses on studying past and present price action to
predict the probability of Emerita Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emerita Resources' price. Additionally, you may evaluate how the addition of Emerita Resources to your portfolios can decrease your overall portfolio volatility.