| 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 Property Plant And Equipment Net and its Cash 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.
Property Plant And Equipment Net vs Cash
Property Plant And Equipment Net vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sanatana Resources Property Plant And Equipment Net account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sanatana Resources' Property Plant And Equipment Net and Cash is 0.85. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash 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' Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Sanatana Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., Sanatana Resources' Property Plant And Equipment Net and Cash go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Cash
Cash refers to the most liquid asset of Sanatana Resources, which is listed under current asset account on Sanatana Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sanatana Resources customers. The amounts must be unrestricted with restricted cash listed in a different Sanatana Resources 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.
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
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Sanatana Stock Analysis
When running Sanatana Resources' price analysis, check to
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.