EGY Stock | | | USD 4.28 0.05 1.15% |
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 Net Receivables and its Common Stock Shares Outstanding 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.
Net Receivables vs Common Stock Shares Outstanding
Net Receivables vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vaalco Energy Net Receivables account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Vaalco Energy's Net Receivables and Common Stock Shares Outstanding is 0.69. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding 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 Net Receivables and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Vaalco Energy are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., Vaalco Energy's Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
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.