| BLM Stock | | | CAD 0.84 0.01 1.18% |
BluMetric Environmental financial indicator trend analysis is way more than just evaluating BluMetric Environmental prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BluMetric Environmental is a good investment. Please check the relationship between BluMetric Environmental Cash And Short Term Investments and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BluMetric Environmental. 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 And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BluMetric Environmental Cash And Short Term Investments account and
Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between BluMetric Environmental's Cash And Short Term Investments and Accounts Payable is 0.13. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of BluMetric Environmental, assuming nothing else is changed. The correlation between historical values of BluMetric Environmental's Cash And Short Term Investments and Accounts Payable 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 And Short Term Investments of BluMetric Environmental are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., BluMetric Environmental's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of BluMetric Environmental balance sheet. This account contains BluMetric Environmental investments that will expire within one year. These investments include stocks and bonds that can be liquidated by BluMetric Environmental fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Accounts Payable
An accounting item on the balance sheet that represents BluMetric Environmental 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 BluMetric Environmental 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.
Most indicators from BluMetric Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BluMetric Environmental 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 BluMetric Environmental. 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, BluMetric Environmental's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.34 in 2024, whereas
Discontinued Operations is likely to drop (35.3
K) in 2024.
BluMetric Environmental fundamental ratios Correlations
Click cells to compare fundamentals
BluMetric Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BluMetric Environmental 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 BluMetric Stock Analysis
When running BluMetric Environmental's price analysis, check to
measure BluMetric Environmental'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 BluMetric Environmental is operating at the current time. Most of BluMetric Environmental's value examination focuses on studying past and present price action to
predict the probability of BluMetric Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BluMetric Environmental's price. Additionally, you may evaluate how the addition of BluMetric Environmental to your portfolios can decrease your overall portfolio volatility.