| 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 Total Assets and its Cash 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.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AbraSilver Resource Corp Total Assets account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AbraSilver Resource's Total Assets and Cash is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash 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 Total Assets 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 Total Assets of AbraSilver Resource 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 Total Assets i.e., AbraSilver Resource's Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of AbraSilver Resource assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AbraSilver Resource Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Cash
Cash refers to the most liquid asset of AbraSilver Resource Corp, which is listed under current asset account on AbraSilver Resource Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from AbraSilver Resource customers. The amounts must be unrestricted with restricted cash listed in a different AbraSilver Resource 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 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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