| 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 Total Stockholder Equity and its Cash And Short Term Investments 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.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Banyan Gold Corp Total Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Banyan Gold's Total Stockholder Equity and Cash And Short Term Investments is 0.82. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments 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 Total Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Banyan Gold Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Banyan Gold's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Banyan Gold Corp balance sheet. This account contains Banyan Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Banyan Gold Corp 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.
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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Additional Tools for Banyan Stock Analysis
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measure Banyan Gold'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 Banyan Gold is operating at the current time. Most of Banyan Gold's value examination focuses on studying past and present price action to
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