Geodrill Capex To Depreciation vs Average Payables Analysis
| GEO Stock | | | CAD 3.81 0.01 0.26% |
Geodrill financial indicator trend analysis is much more than just examining Geodrill Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Geodrill Limited is a good investment. Please check the relationship between Geodrill Capex To Depreciation and its Average Payables accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geodrill Limited. 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.
Capex To Depreciation vs Average Payables
Capex To Depreciation vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Geodrill Limited Capex To Depreciation account and
Average Payables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Geodrill's Capex To Depreciation and Average Payables is 0.21. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Average Payables in the same time period over historical financial statements of Geodrill Limited, assuming nothing else is changed. The correlation between historical values of Geodrill's Capex To Depreciation and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Geodrill Limited are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Capex To Depreciation i.e., Geodrill's Capex To Depreciation and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Geodrill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Geodrill Limited 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geodrill Limited. 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, Geodrill's
Selling General Administrative is very stable compared to the past year. As of the 31st of July 2025,
Enterprise Value Over EBITDA is likely to grow to 4.13, while
Tax Provision is likely to drop about 6.4
M.
Geodrill fundamental ratios Correlations
Click cells to compare fundamentals
Geodrill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Geodrill fundamental ratios Accounts
Pair Trading with Geodrill
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Geodrill position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Geodrill will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Geodrill - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Geodrill Limited to buy it.
The correlation of Geodrill is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Geodrill can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Other Information on Investing in Geodrill Stock
Balance Sheet is a snapshot of the
financial position of Geodrill Limited at a specified time, usually calculated after every quarter, six months, or one year. Geodrill Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Geodrill and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Geodrill currently owns. An asset can also be divided into two categories, current and non-current.