Indiana Resources financial indicator trend analysis is infinitely more than just investigating Indiana Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indiana Resources is a good investment. Please check the relationship between Indiana Resources Other Stockholder Equity and its Common Stock Total Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana 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 Stockholder Equity vs Common Stock Total Equity
Other Stockholder Equity vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indiana Resources Other Stockholder Equity account and
Common Stock Total Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Indiana Resources' Other Stockholder Equity and Common Stock Total Equity is 0.23. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Indiana Resources, assuming nothing else is changed. The correlation between historical values of Indiana Resources' Other Stockholder Equity and Common Stock Total Equity 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 Stockholder Equity of Indiana Resources are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Stockholder Equity i.e., Indiana Resources' Other Stockholder Equity and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Stockholder Equity
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Indiana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indiana 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana 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 drop to about 3.4
M in 2024.
Discontinued Operations is likely to drop to about (7.2
M) in 2024
Indiana Resources fundamental ratios Correlations
Click cells to compare fundamentals
Indiana Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indiana Resources fundamental ratios Accounts
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Additional Tools for Indiana Stock Analysis
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measure Indiana 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 Indiana Resources is operating at the current time. Most of Indiana Resources' value examination focuses on studying past and present price action to
predict the probability of Indiana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indiana Resources' price. Additionally, you may evaluate how the addition of Indiana Resources to your portfolios can decrease your overall portfolio volatility.