Austral Gold financial indicator trend analysis is way more than just evaluating Austral Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Austral Gold is a good investment. Please check the relationship between Austral Gold Retained Earnings and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Austral Gold. 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Austral Gold Retained Earnings account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Austral Gold's Retained Earnings and Cash is 0.3. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Austral Gold, assuming nothing else is changed. The correlation between historical values of Austral Gold's Retained Earnings 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 Retained Earnings of Austral Gold 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 Retained Earnings i.e., Austral Gold's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Cash
Cash refers to the most liquid asset of Austral Gold, which is listed under current asset account on Austral Gold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Austral Gold customers. The amounts must be unrestricted with restricted cash listed in a different Austral Gold 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 Austral Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Austral Gold 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 Austral Gold. 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.
Selling General Administrative is likely to drop to about 4.6
M in 2024.
Tax Provision is likely to gain to about (672.6
K) in 2024
Austral Gold fundamental ratios Correlations
Click cells to compare fundamentals
Austral Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Austral Gold fundamental ratios Accounts
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Additional Tools for Austral Stock Analysis
When running Austral Gold's price analysis, check to
measure Austral Gold'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 Austral Gold is operating at the current time. Most of Austral Gold's value examination focuses on studying past and present price action to
predict the probability of Austral Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Austral Gold's price. Additionally, you may evaluate how the addition of Austral Gold to your portfolios can decrease your overall portfolio volatility.