Andean Cash vs Total Stockholder Equity Analysis
| ASL Stock | 1.00 0.02 1.96% |
Andean Silver financial indicator trend analysis is way more than just evaluating Andean Silver Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Andean Silver Limited is a good investment. Please check the relationship between Andean Silver Cash and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Andean Silver Limited. 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.
Cash vs Total Stockholder Equity
Cash vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Andean Silver Limited Cash account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Andean Silver's Cash and Total Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Andean Silver Limited, assuming nothing else is changed. The correlation between historical values of Andean Silver's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Andean Silver Limited are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Andean Silver's Cash and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Andean Silver Limited, which is listed under current asset account on Andean Silver Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Andean Silver customers. The amounts must be unrestricted with restricted cash listed in a different Andean Silver 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Andean Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Andean Silver Limited 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 Andean Silver Limited. 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 795.1 K in 2024. Issuance Of Capital Stock is likely to drop to about 1 M in 2024
Andean Silver fundamental ratios Correlations
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Andean Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Andean Stock Analysis
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