Zion Enterprise Value vs Tangible Asset Value Analysis
| ZNOG Stock | USD 0.06 0.00 0.00% |
Zion Oil financial indicator trend analysis is more than just analyzing Zion Oil Gas current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zion Oil Gas is a good investment. Please check the relationship between Zion Oil Enterprise Value and its Tangible Asset Value accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zion Oil Gas. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Enterprise Value vs Tangible Asset Value
Enterprise Value vs Tangible Asset Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zion Oil Gas Enterprise Value account and Tangible Asset Value. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zion Oil's Enterprise Value and Tangible Asset Value is 0.42. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Tangible Asset Value in the same time period over historical financial statements of Zion Oil Gas, assuming nothing else is changed. The correlation between historical values of Zion Oil's Enterprise Value and Tangible Asset Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Zion Oil Gas are associated (or correlated) with its Tangible Asset Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tangible Asset Value has no effect on the direction of Enterprise Value i.e., Zion Oil's Enterprise Value and Tangible Asset Value go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Zion Oil theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Zion Oil Gas debt, but would also pocket its cash. Enterprise Value is more accurate representation of Zion Oil value than its market capitalization because it takes into account all of Zion Oil Gas existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.Tangible Asset Value
The value of tangibles assets calculated as the difference between Total Assets and [Intangibles].Most indicators from Zion Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zion Oil Gas 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zion Oil Gas. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Zion Oil's Selling General and Administrative Expense is most likely to increase significantly in the upcoming years. The Zion Oil's current Net Cash Flow Investment Acquisitions and Disposals is estimated to increase to about 641.5 K, while Issuance Purchase of Equity Shares is projected to decrease to roughly 17.8 M.
Zion Oil fundamental ratios Correlations
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Zion Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zion Oil fundamental ratios Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Total Assets | 12.5M | 18.7M | 43.5M | 63.4M | 27.5M | 28.7M | |
| Current Assets | 5.4M | 6.9M | 19.4M | 8.6M | 4.6M | 6.3M | |
| Assets Non Current | 7.2M | 11.8M | 24.1M | 54.8M | 22.9M | 20.9M | |
| Cash and Equivalents | 3.1M | 5.0M | 12.3M | 5.3M | 2.2M | 2.3M | |
| Cash and Equivalents USD | 3.1M | 5.0M | 12.3M | 5.3M | 2.2M | 2.3M | |
| Total Debt | 2.2M | 3.3M | 3.5M | 372K | 208K | 213.5K | |
| Debt Non Current | 2.2M | 3.0M | 307K | 169K | 12K | 12.3K | |
| Total Debt USD | 2.2M | 3.3M | 3.5M | 372K | 208K | 213.5K | |
| Shareholders Equity Attributable to Parent | 5.1M | 13.3M | 35.1M | 57.4M | 23.1M | 23.5M | |
| Shareholders Equity USD | 5.1M | 13.3M | 35.1M | 57.4M | 23.1M | 23.5M | |
| Investments | 1.3M | 1.1M | 3.0M | 1.3M | 1.4M | 1.6M | |
| Investments Current | 1.3M | 1.1M | 3.0M | 1.3M | 1.4M | 1.5M | |
| Total Liabilities | 7.4M | 5.3M | 8.4M | 6.1M | 4.4M | 5.1M | |
| Current Liabilities | 4.8M | 1.9M | 7.6M | 5.3M | 3.9M | 4.2M | |
| Liabilities Non Current | 2.6M | 3.4M | 812K | 717K | 469K | 481.3K | |
| Trade and Non Trade Payables | 2.8M | 108K | 1.4M | 2.8M | 2.1M | 1.8M | |
| Property Plant and Equipment Net | 6.9M | 11.4M | 23.7M | 54.2M | 22.5M | 20.5M | |
| Trade and Non Trade Receivables | 153K | 222K | 195K | 483K | 143K | 175.5K | |
| Accumulated Retained Earnings Deficit | (199.1M) | (205.8M) | (212.8M) | (223.5M) | (278.6M) | (300.6M) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zion Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zion Oil's short interest history, or implied volatility extrapolated from Zion Oil options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zion Oil Gas. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Zion OTC Stock analysis
When running Zion Oil's price analysis, check to measure Zion Oil'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 Zion Oil is operating at the current time. Most of Zion Oil's value examination focuses on studying past and present price action to predict the probability of Zion Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zion Oil's price. Additionally, you may evaluate how the addition of Zion Oil to your portfolios can decrease your overall portfolio volatility.
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