| STA Stock | | | CAD 0.03 0.01 16.67% |
Sanatana Resources financial indicator trend analysis is much more than just breaking down Sanatana Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanatana Resources is a good investment. Please check the relationship between Sanatana Resources Capital Expenditures and its Other Non Cash Items accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sanatana 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.
Capital Expenditures vs Other Non Cash Items
Capital Expenditures vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sanatana Resources Capital Expenditures account and
Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sanatana Resources' Capital Expenditures and Other Non Cash Items is 0.72. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Sanatana Resources, assuming nothing else is changed. The correlation between historical values of Sanatana Resources' Capital Expenditures and Other Non Cash Items 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 Expenditures of Sanatana Resources are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Sanatana Resources' Capital Expenditures and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by Sanatana Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Sanatana Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Other Non Cash Items
Most indicators from Sanatana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanatana 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sanatana 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.
At this time, Sanatana Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 6.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 349.6
K in 2024.
Sanatana Resources fundamental ratios Correlations
Click cells to compare fundamentals
Sanatana Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sanatana Resources fundamental ratios Accounts
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Additional Tools for Sanatana Stock Analysis
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measure Sanatana 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 Sanatana Resources is operating at the current time. Most of Sanatana Resources' value examination focuses on studying past and present price action to
predict the probability of Sanatana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanatana Resources' price. Additionally, you may evaluate how the addition of Sanatana Resources to your portfolios can decrease your overall portfolio volatility.