| ABRA Stock | | | CAD 2.87 0.10 3.61% |
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 Other Current Assets and its Cash And Short Term Investments 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.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AbraSilver Resource Corp Other Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between AbraSilver Resource's Other Current Assets and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments 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 Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of AbraSilver Resource Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., AbraSilver Resource's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of AbraSilver Resource Corp balance sheet. This account contains AbraSilver Resource investments that will expire within one year. These investments include stocks and bonds that can be liquidated by AbraSilver Resource Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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
predict the probability of AbraSilver Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AbraSilver Resource's price. Additionally, you may evaluate how the addition of AbraSilver Resource to your portfolios can decrease your overall portfolio volatility.