| PHX Stock | | | USD 3.81 0.09 2.42% |
PHX Minerals financial indicator trend analysis is much more than just breaking down PHX Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHX Minerals is a good investment. Please check the relationship between PHX Minerals Capital Stock and its Common Stock accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy PHX Stock please use our
How to Invest in PHX Minerals guide.
Capital Stock vs Common Stock
Capital Stock vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PHX Minerals Capital Stock account and
Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between PHX Minerals' Capital Stock and Common Stock is 0.91. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Common Stock in the same time period over historical financial statements of PHX Minerals, assuming nothing else is changed. The correlation between historical values of PHX Minerals' Capital Stock and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of PHX Minerals are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Capital Stock i.e., PHX Minerals' Capital Stock and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Common Stock
Most indicators from PHX Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHX Minerals 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 PHX Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy PHX Stock please use our
How to Invest in PHX Minerals guide.At this time, PHX Minerals'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.32 in 2024, whereas
Selling General Administrative is likely to drop slightly above 7.3
M in 2024.
PHX Minerals fundamental ratios Correlations
Click cells to compare fundamentals
PHX Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PHX Minerals fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for PHX Stock Analysis
When running PHX Minerals' price analysis, check to
measure PHX Minerals' 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 PHX Minerals is operating at the current time. Most of PHX Minerals' value examination focuses on studying past and present price action to
predict the probability of PHX Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PHX Minerals' price. Additionally, you may evaluate how the addition of PHX Minerals to your portfolios can decrease your overall portfolio volatility.