0L8B Stock | | | 98.55 2.71 2.68% |
Southern Copper financial indicator trend analysis is much more than just breaking down Southern Copper Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Copper Corp is a good investment. Please check the relationship between Southern Copper Current Deferred Revenue and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Southern Copper Corp. 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.
For more information on how to buy Southern Stock please use our
How to Invest in Southern Copper guide.
Current Deferred Revenue vs Cash
Current Deferred Revenue vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Copper Corp Current Deferred Revenue account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Southern Copper's Current Deferred Revenue and Cash is 0.49. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash in the same time period over historical financial statements of Southern Copper Corp, assuming nothing else is changed. The correlation between historical values of Southern Copper's Current Deferred Revenue and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Southern Copper Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Current Deferred Revenue i.e., Southern Copper's Current Deferred Revenue and Cash go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Cash
Cash refers to the most liquid asset of Southern Copper Corp, which is listed under current asset account on Southern Copper Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Southern Copper customers. The amounts must be unrestricted with restricted cash listed in a different Southern Copper 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.
Most indicators from Southern Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Copper Corp 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Southern Copper Corp. 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.
For more information on how to buy Southern Stock please use our
How to Invest in Southern Copper guide.
Selling General Administrative is likely to drop to about 161.3
M in 2024.
Tax Provision is likely to drop to about 979.2
M in 2024
Southern Copper fundamental ratios Correlations
Click cells to compare fundamentals
Southern Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern Copper fundamental ratios Accounts
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Additional Tools for Southern Stock Analysis
When running Southern Copper's price analysis, check to
measure Southern Copper'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 Southern Copper is operating at the current time. Most of Southern Copper's value examination focuses on studying past and present price action to
predict the probability of Southern Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Copper's price. Additionally, you may evaluate how the addition of Southern Copper to your portfolios can decrease your overall portfolio volatility.