AU Stock | | | CAD 0.58 0.01 1.75% |
Aurion Resources financial indicator trend analysis is way more than just evaluating Aurion Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurion Resources is a good investment. Please check the relationship between Aurion Resources Book Value Per Share and its Days Sales Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurion Resources. 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.
Book Value Per Share vs Days Sales Outstanding
Book Value Per Share vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurion Resources Book Value Per Share account and
Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aurion Resources' Book Value Per Share and Days Sales Outstanding is -0.28. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Aurion Resources, assuming nothing else is changed. The correlation between historical values of Aurion Resources' Book Value Per Share and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Aurion Resources are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Book Value Per Share i.e., Aurion Resources' Book Value Per Share and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Days Sales Outstanding
Most indicators from Aurion Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurion Resources 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 Aurion Resources. 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.
At this time, Aurion Resources'
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 60.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.5
M in 2024.
Aurion Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aurion Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurion Resources fundamental ratios Accounts
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Additional Tools for Aurion Stock Analysis
When running Aurion Resources' price analysis, check to
measure Aurion Resources' 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 Aurion Resources is operating at the current time. Most of Aurion Resources' value examination focuses on studying past and present price action to
predict the probability of Aurion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurion Resources' price. Additionally, you may evaluate how the addition of Aurion Resources to your portfolios can decrease your overall portfolio volatility.