| OYL Stock | | | CAD 0.20 0.02 11.11% |
CGX Energy financial indicator trend analysis is way more than just evaluating CGX Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CGX Energy is a good investment. Please check the relationship between CGX Energy Cash and its Non Current Assets Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in CGX Energy. 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.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CGX Energy Cash account and
Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CGX Energy's Cash and Non Current Assets Total is 0.41. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of CGX Energy, assuming nothing else is changed. The correlation between historical values of CGX Energy's Cash and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of CGX Energy are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., CGX Energy's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of CGX Energy, which is listed under current asset account on CGX Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CGX Energy customers. The amounts must be unrestricted with restricted cash listed in a different CGX Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from CGX Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CGX Energy 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 Equity Center to better understand how to build diversified portfolios, which includes a position in CGX Energy. 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 4,401 in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
CGX Energy fundamental ratios Correlations
Click cells to compare fundamentals
CGX Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CGX Energy fundamental ratios Accounts
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Additional Tools for CGX Stock Analysis
When running CGX Energy's price analysis, check to
measure CGX 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 CGX Energy is operating at the current time. Most of CGX Energy's value examination focuses on studying past and present price action to
predict the probability of CGX 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 CGX Energy's price. Additionally, you may evaluate how the addition of CGX Energy to your portfolios can decrease your overall portfolio volatility.