| ALTA Stock | | | CAD 0.14 0.01 7.69% |
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 Total Liab and its Net Debt 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.
Total Liab vs Net Debt
Total Liab vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Altamira Gold Corp Total Liab account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Altamira Gold's Total Liab and Net Debt is -0.38. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Debt 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 Total Liab and Net Debt 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 Liab of Altamira Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Liab i.e., Altamira Gold's Total Liab and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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
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Additional Tools for Altamira Stock Analysis
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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.