| AUC Stock | | | 0.49 0.02 4.26% |
Ausgold financial indicator trend analysis is way more than just evaluating Ausgold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ausgold is a good investment. Please check the relationship between Ausgold Net Income and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ausgold. 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.
Net Income vs Minority Interest
Net Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ausgold Net Income account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ausgold's Net Income and Minority Interest is -0.61. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Ausgold, assuming nothing else is changed. The correlation between historical values of Ausgold's Net Income and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ausgold are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Net Income i.e., Ausgold's Net Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Ausgold financial statement analysis. It represents the amount of money remaining after all of Ausgold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Ausgold whose combined shares represent less than 50% of the total outstanding shares issued by Ausgold have a minority interest in Ausgold.
Most indicators from Ausgold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ausgold 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 Ausgold. 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 1.4
M in 2024.
Issuance Of Capital Stock is likely to drop to about 12.2
M in 2024
Ausgold fundamental ratios Correlations
Click cells to compare fundamentals
Ausgold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ausgold fundamental ratios Accounts
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Additional Tools for Ausgold Stock Analysis
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measure Ausgold'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 Ausgold is operating at the current time. Most of Ausgold's value examination focuses on studying past and present price action to
predict the probability of Ausgold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ausgold's price. Additionally, you may evaluate how the addition of Ausgold to your portfolios can decrease your overall portfolio volatility.