CMM Stock | | | 6.95 0.02 0.29% |
Capricorn Metals financial indicator trend analysis is way more than just evaluating Capricorn Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Capricorn Metals is a good investment. Please check the relationship between Capricorn Metals Property Plant Equipment and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Capricorn 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 board of governors.
Property Plant Equipment vs Retained Earnings
Property Plant Equipment vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Capricorn Metals Property Plant Equipment account and
Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Capricorn Metals' Property Plant Equipment and Retained Earnings is 0.74. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Capricorn Metals, assuming nothing else is changed. The correlation between historical values of Capricorn Metals' Property Plant Equipment and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Capricorn Metals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant Equipment i.e., Capricorn Metals' Property Plant Equipment and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant Equipment
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.
Most indicators from Capricorn Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capricorn 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 Capricorn 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 board of governors.
At this time, Capricorn Metals'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 40.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 5.1
M in 2024.
Capricorn Metals fundamental ratios Correlations
Click cells to compare fundamentals
Capricorn Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Capricorn Metals fundamental ratios Accounts
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