| ABRA Stock | | | CAD 2.76 0.11 4.15% |
AbraSilver Resource financial indicator trend analysis is way more than just evaluating AbraSilver Resource Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AbraSilver Resource Corp is a good investment. Please check the relationship between AbraSilver Resource Net Tangible Assets and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AbraSilver Resource 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 nation.
Net Tangible Assets vs Non Currrent Assets Other
Net Tangible Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AbraSilver Resource Corp Net Tangible Assets account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AbraSilver Resource's Net Tangible Assets and Non Currrent Assets Other is 0.93. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of AbraSilver Resource Corp, assuming nothing else is changed. The correlation between historical values of AbraSilver Resource's Net Tangible Assets and Non Currrent Assets Other 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 Tangible Assets of AbraSilver Resource Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Tangible Assets i.e., AbraSilver Resource's Net Tangible Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from AbraSilver Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AbraSilver Resource 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 AbraSilver Resource 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 nation.
At this time, AbraSilver Resource's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 142
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
AbraSilver Resource fundamental ratios Correlations
Click cells to compare fundamentals
AbraSilver Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AbraSilver Resource fundamental ratios Accounts
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Additional Tools for AbraSilver Stock Analysis
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measure AbraSilver Resource'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 AbraSilver Resource is operating at the current time. Most of AbraSilver Resource's value examination focuses on studying past and present price action to
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