SDI Stock | | | CAD 0.19 0.01 5.00% |
Stampede Drilling financial indicator trend analysis is much more than just breaking down Stampede Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stampede Drilling is a good investment. Please check the relationship between Stampede Drilling Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stampede Drilling. 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.
Days Sales Outstanding vs Free Cash Flow Yield
Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stampede Drilling Days Sales Outstanding account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Stampede Drilling's Days Sales Outstanding and Free Cash Flow Yield is -0.27. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Stampede Drilling, assuming nothing else is changed. The correlation between historical values of Stampede Drilling's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Stampede Drilling are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., Stampede Drilling's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.27 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Days Sales Outstanding
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Stampede Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stampede Drilling 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Stampede Drilling. 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.
At this time, Stampede Drilling's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 1.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Stampede Drilling fundamental ratios Correlations
Click cells to compare fundamentals
Stampede Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stampede Drilling fundamental ratios Accounts
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Additional Tools for Stampede Stock Analysis
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measure Stampede Drilling'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 Stampede Drilling is operating at the current time. Most of Stampede Drilling's value examination focuses on studying past and present price action to
predict the probability of Stampede Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stampede Drilling's price. Additionally, you may evaluate how the addition of Stampede Drilling to your portfolios can decrease your overall portfolio volatility.