| ALTA Stock | | | CAD 0.13 0.01 7.14% |
Altamira Gold financial indicator trend analysis is way more than just evaluating Altamira Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altamira Gold Corp is a good investment. Please check the relationship between Altamira Gold Accounts Payable and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Altamira Gold 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.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Altamira Gold Corp Accounts Payable account and
Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Altamira Gold's Accounts Payable and Retained Earnings is -0.56. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Altamira Gold Corp, assuming nothing else is changed. The correlation between historical values of Altamira Gold's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Altamira Gold Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Altamira Gold's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Altamira Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Altamira Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
Most indicators from Altamira Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altamira Gold 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 Altamira Gold 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, Altamira Gold's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 106.3
K in 2024.
Altamira Gold fundamental ratios Correlations
Click cells to compare fundamentals
Altamira Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altamira Gold fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Altamira Stock Analysis
When running Altamira Gold's price analysis, check to
measure Altamira 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 Altamira Gold is operating at the current time. Most of Altamira Gold's value examination focuses on studying past and present price action to
predict the probability of Altamira 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 Altamira Gold's price. Additionally, you may evaluate how the addition of Altamira Gold to your portfolios can decrease your overall portfolio volatility.