EGY Stock | | | USD 5.61 0.01 0.18% |
Vaalco Energy financial indicator trend analysis is much more than just breaking down Vaalco Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vaalco Energy is a good investment. Please check the relationship between Vaalco Energy Cash and its Common Stock Total Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco 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 price.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.
Cash vs Common Stock Total Equity
Cash vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vaalco Energy Cash account and
Common Stock Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vaalco Energy's Cash and Common Stock Total Equity is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Vaalco Energy, assuming nothing else is changed. The correlation between historical values of Vaalco Energy's Cash and Common Stock Total Equity 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 Vaalco Energy are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash i.e., Vaalco Energy's Cash and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Vaalco Energy, which is listed under current asset account on Vaalco Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Vaalco Energy customers. The amounts must be unrestricted with restricted cash listed in a different Vaalco 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.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Vaalco Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vaalco 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco 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 price.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.At this time, Vaalco Energy's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 62.1
M in 2024, whereas
Discontinued Operations is likely to drop (86.9
K) in 2024.
Vaalco Energy fundamental ratios Correlations
Click cells to compare fundamentals
Vaalco Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vaalco Energy fundamental ratios Accounts
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Additional Tools for Vaalco Stock Analysis
When running Vaalco Energy's price analysis, check to
measure Vaalco 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 Vaalco Energy is operating at the current time. Most of Vaalco Energy's value examination focuses on studying past and present price action to
predict the probability of Vaalco 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 Vaalco Energy's price. Additionally, you may evaluate how the addition of Vaalco Energy to your portfolios can decrease your overall portfolio volatility.