| BYN Stock | | | CAD 0.22 0.01 4.76% |
Banyan Gold financial indicator trend analysis is way more than just evaluating Banyan Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Banyan Gold Corp is a good investment. Please check the relationship between Banyan Gold Retained Earnings and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Banyan 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 board of governors.
Retained Earnings vs Property Plant And Equipment Net
Retained Earnings vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Banyan Gold Corp Retained Earnings account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Banyan Gold's Retained Earnings and Property Plant And Equipment Net is -0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Banyan Gold Corp, assuming nothing else is changed. The correlation between historical values of Banyan Gold's Retained Earnings and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Banyan Gold Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Retained Earnings i.e., Banyan Gold's Retained Earnings and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Banyan Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Banyan 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 Banyan 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 board of governors.
At this time, Banyan Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 20.6
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(31.75).
Banyan Gold fundamental ratios Correlations
Click cells to compare fundamentals
Banyan Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Banyan Gold fundamental ratios Accounts
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