CANEX Common Stock vs Total Stockholder Equity Analysis

CANX Stock  CAD 0.04  0.01  20.00%   
CANEX Metals financial indicator trend analysis is way more than just evaluating CANEX Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CANEX Metals is a good investment. Please check the relationship between CANEX Metals Common Stock and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CANEX Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Common Stock vs Total Stockholder Equity

Common Stock vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CANEX Metals Common Stock account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between CANEX Metals' Common Stock and Total Stockholder Equity is 0.6. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of CANEX Metals, assuming nothing else is changed. The correlation between historical values of CANEX Metals' Common Stock and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of CANEX Metals are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock i.e., CANEX Metals' Common Stock and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

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.
Most indicators from CANEX Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CANEX Metals 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 CANEX Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Selling General Administrative is likely to drop to about 305 K in 2024. Issuance Of Capital Stock is likely to drop to about 655.5 K in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation30.02.8K3.3K3.4K
Interest Income3.1K24.3K27.9K29.3K

CANEX Metals fundamental ratios Correlations

0.381.00.98-0.76-0.170.760.980.59-0.270.890.50.570.59-0.290.540.39-0.64-0.520.6-0.52-0.170.940.720.70.94
0.380.350.36-0.270.70.260.370.220.20.040.960.21-0.30.180.680.55-0.170.030.060.030.060.120.220.330.1
1.00.350.98-0.76-0.190.760.980.58-0.280.90.480.570.6-0.30.520.38-0.64-0.530.6-0.53-0.170.940.720.690.94
0.980.360.98-0.61-0.070.621.00.41-0.220.870.460.390.51-0.230.550.23-0.6-0.570.51-0.57-0.330.90.650.560.91
-0.76-0.27-0.76-0.610.42-0.99-0.61-0.930.41-0.68-0.44-0.93-0.650.41-0.32-0.710.520.17-0.710.17-0.26-0.74-0.65-0.82-0.72
-0.170.7-0.19-0.070.42-0.41-0.07-0.490.45-0.490.55-0.49-0.750.460.43-0.140.30.18-0.40.18-0.31-0.43-0.35-0.41-0.42
0.760.260.760.62-0.99-0.410.620.94-0.410.690.450.930.71-0.410.350.7-0.53-0.160.72-0.160.250.750.690.830.73
0.980.370.981.0-0.61-0.070.620.4-0.210.860.460.380.51-0.230.560.23-0.6-0.570.51-0.57-0.340.90.640.560.91
0.590.220.580.41-0.93-0.490.940.4-0.370.570.380.990.65-0.390.210.81-0.49-0.040.63-0.040.570.620.680.880.58
-0.270.2-0.28-0.220.410.45-0.41-0.21-0.37-0.370.11-0.37-0.440.970.04-0.2-0.240.21-0.310.21-0.03-0.35-0.03-0.31-0.34
0.890.040.90.87-0.68-0.490.690.860.57-0.370.170.560.76-0.380.260.32-0.69-0.690.57-0.69-0.080.990.720.720.98
0.50.960.480.46-0.440.550.450.460.380.110.170.39-0.110.10.750.64-0.260.020.320.020.080.250.390.470.22
0.570.210.570.39-0.93-0.490.930.380.99-0.370.560.390.64-0.380.20.81-0.47-0.040.67-0.040.570.60.680.870.57
0.59-0.30.60.51-0.65-0.750.710.510.65-0.440.76-0.110.64-0.460.10.26-0.51-0.210.61-0.210.130.740.720.690.73
-0.290.18-0.3-0.230.410.46-0.41-0.23-0.390.97-0.380.1-0.38-0.460.07-0.22-0.180.21-0.270.21-0.07-0.37-0.04-0.35-0.36
0.540.680.520.55-0.320.430.350.560.210.040.260.750.20.10.070.25-0.37-0.020.38-0.02-0.190.320.470.360.32
0.390.550.380.23-0.71-0.140.70.230.81-0.20.320.640.810.26-0.220.25-0.350.020.430.020.630.350.50.820.29
-0.64-0.17-0.64-0.60.520.3-0.53-0.6-0.49-0.24-0.69-0.26-0.47-0.51-0.18-0.37-0.350.37-0.410.37-0.1-0.69-0.68-0.66-0.69
-0.520.03-0.53-0.570.170.18-0.16-0.57-0.040.21-0.690.02-0.04-0.210.21-0.020.020.37-0.191.00.32-0.65-0.2-0.2-0.66
0.60.060.60.51-0.71-0.40.720.510.63-0.310.570.320.670.61-0.270.380.43-0.41-0.19-0.190.030.580.660.580.57
-0.520.03-0.53-0.570.170.18-0.16-0.57-0.040.21-0.690.02-0.04-0.210.21-0.020.020.371.0-0.190.32-0.65-0.2-0.2-0.66
-0.170.06-0.17-0.33-0.26-0.310.25-0.340.57-0.03-0.080.080.570.13-0.07-0.190.63-0.10.320.030.32-0.080.270.48-0.13
0.940.120.940.9-0.74-0.430.750.90.62-0.350.990.250.60.74-0.370.320.35-0.69-0.650.58-0.65-0.080.740.731.0
0.720.220.720.65-0.65-0.350.690.640.68-0.030.720.390.680.72-0.040.470.5-0.68-0.20.66-0.20.270.740.790.73
0.70.330.690.56-0.82-0.410.830.560.88-0.310.720.470.870.69-0.350.360.82-0.66-0.20.58-0.20.480.730.790.69
0.940.10.940.91-0.72-0.420.730.910.58-0.340.980.220.570.73-0.360.320.29-0.69-0.660.57-0.66-0.131.00.730.69
Click cells to compare fundamentals

CANEX Metals Account Relationship Matchups

CANEX Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5M3.9M5.8M5.9M5.3M5.6M
Total Current Liabilities98.1K186.4K93.2K59.9K68.8K72.1K
Total Stockholder Equity2.4M3.6M5.6M5.8M5.2M5.5M
Property Plant And Equipment Net1.4M2.0M4.0M5.1M4.6M4.8M
Net Debt(449.0K)(1.2M)(1.5M)(695.9K)(626.3K)(657.6K)
Retained Earnings(15.4M)(16.3M)(17.0M)(17.6M)(15.8M)(16.6M)
Cash449.0K1.2M1.5M695.9K800.3K554.2K
Non Current Assets Total1.4M2.0M4.0M5.1M4.6M4.8M
Cash And Short Term Investments1.0M1.8M1.8M785.8K903.6K696.7K
Net Receivables11.9K5.2K6.3K6.2K5.6K5.3K
Common Stock Shares Outstanding47.5M68.2M80.6M100.3M115.4M121.2M
Liabilities And Stockholders Equity2.5M3.9M5.8M5.9M5.3M5.6M
Total Liab131.4K233.7K145.1K98.2K113.0K89.8K
Total Current Assets1.0M1.9M1.8M828.1K952.3K758.1K
Common Stock15.7M17.8M20.4M21.1M24.3M14.3M
Other Current Liab58.6K45.7K48.1K51.0K58.6K34.4K
Accounts Payable39.5K140.7K45.1K8.9K10.2K20.3K
Other Stockholder Equity2.1M2.1M2.2M345.9K311.3K295.7K
Accumulated Other Comprehensive Income2.1M2.1M2.2M1.9M2.2M1.3M
Non Current Liabilities Total33.3K47.3K51.9K38.4K44.1K33.0K
Short Term Investments551.3K619.7K309.8K89.8K103.3K98.2K
Net Tangible Assets1.0M2.4M3.6M5.6M6.5M6.8M
Other Current Assets36.8K70.4K36.2K36.1K41.5K23.6K
Property Plant Equipment510.3K1.4M2.0M4.0M4.5M4.8M
Other Liab27K33.3K47.3K51.9K59.7K34.7K
Net Invested Capital2.4M3.6M5.6M5.8M6.7M7.0M
Net Working Capital950.9K1.7M1.7M768.2K883.4K1.0M
Capital Stock15.7M17.8M20.4M21.1M24.3M18.9M

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Additional Tools for CANEX Stock Analysis

When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.