Zion Tangible Asset Value vs Book Value per Share 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 Tangible Asset Value and its Book Value per Share 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.
Tangible Asset Value vs Book Value per Share
Tangible Asset Value vs Book Value per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zion Oil Gas Tangible Asset Value account and Book Value per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zion Oil's Tangible Asset Value and Book Value per Share is -0.1. Overlapping area represents the amount of variation of Tangible Asset Value that can explain the historical movement of Book Value per Share 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 Tangible Asset Value and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tangible Asset Value of Zion Oil Gas are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Tangible Asset Value i.e., Zion Oil's Tangible Asset Value and Book Value per Share go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Tangible Asset Value
The value of tangibles assets calculated as the difference between Total Assets and [Intangibles].Book Value per Share
Measures the ratio between Shareholders Equity Attributable to Parent and [SharesWA] as adjusted by [ShareFactor].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
Click cells to compare fundamentals
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) |
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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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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