Canada Net Income Per Share vs Roic Analysis

CNC Stock

CAD 0.98 0.01 1.03%

Canada Nickel financial indicator trend analysis is way more than just evaluating Canada Nickel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Nickel is a good investment. Please check the relationship between Canada Nickel Net Income Per Share and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canada Nickel. 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.

Net Income Per Share vs Roic

Net Income Per Share vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Nickel Net Income Per Share account and Roic. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Canada Nickel's Net Income Per Share and Roic is -0.28. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Roic in the same time period over historical financial statements of Canada Nickel, assuming nothing else is changed. The correlation between historical values of Canada Nickel's Net Income Per Share and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Canada Nickel are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Net Income Per Share i.e., Canada Nickel's Net Income Per Share and Roic go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Canada Nickel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Nickel 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 Canada Nickel. 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, Canada Nickel's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 197.3 M in 2024, whereas Tax Provision is likely to drop slightly above 1.8 M in 2024.

Canada Nickel fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Common Stock	Short Long Term Debt	Short Term Debt	Property Plant Equipment	Short Term Investments	Other Current Liab	Long Term Debt	Net Receivables	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding
Total Assets		0.98	1.0	0.76	0.99	-0.32	0.98	0.87	0.84	0.97	0.99	-0.72	0.88	0.99	0.84	0.84	0.99	0.31	0.69	-0.55	0.61	0.92	0.97	0.92	0.46	0.9
Total Current Liabilities	0.98		0.97	0.7	0.98	-0.33	0.99	0.8	0.74	0.97	0.99	-0.65	0.81	0.97	0.77	0.77	0.99	0.29	0.79	-0.51	0.6	0.93	0.98	0.93	0.43	0.87
Total Stockholder Equity	1.0	0.97		0.77	0.99	-0.3	0.97	0.88	0.84	0.97	0.99	-0.72	0.89	0.99	0.85	0.85	0.99	0.32	0.69	-0.55	0.61	0.92	0.96	0.92	0.46	0.9
Other Liab	0.76	0.7	0.77		0.81	0.35	0.75	0.92	0.62	0.68	0.68	-0.45	0.95	0.71	0.98	0.98	0.75	0.34	0.7	-0.72	0.87	0.61	0.69	0.61	0.11	0.57
Net Tangible Assets	0.99	0.98	0.99	0.81		-0.21	0.98	0.89	0.78	0.96	0.98	-0.66	0.9	0.97	0.87	0.87	1.0	0.32	0.77	-0.58	0.67	0.91	0.96	0.91	0.42	0.87
Retained Earnings	-0.32	-0.33	-0.3	0.35	-0.21		-0.27	0.11	-0.42	-0.39	-0.38	0.47	0.13	-0.39	0.2	0.2	-0.29	-0.04	0.13	-0.22	0.36	-0.38	-0.35	-0.38	-0.42	-0.45
Accounts Payable	0.98	0.99	0.97	0.75	0.98	-0.27		0.8	0.77	0.96	0.98	-0.65	0.83	0.96	0.82	0.82	0.99	0.29	0.81	-0.53	0.7	0.92	0.99	0.92	0.31	0.86
Cash	0.87	0.8	0.88	0.92	0.89	0.11	0.8		0.7	0.79	0.8	-0.58	0.99	0.84	0.95	0.95	0.85	0.33	0.59	-0.67	0.64	0.73	0.74	0.73	0.46	0.72
Other Current Assets	0.84	0.74	0.84	0.62	0.78	-0.42	0.77	0.7		0.79	0.79	-0.75	0.72	0.88	0.74	0.74	0.78	0.41	0.37	-0.52	0.52	0.73	0.79	0.73	0.31	0.79
Other Stockholder Equity	0.97	0.97	0.97	0.68	0.96	-0.39	0.96	0.79	0.79		0.98	-0.69	0.8	0.97	0.76	0.76	0.98	0.33	0.71	-0.51	0.56	0.91	0.96	0.91	0.45	0.87
Total Liab	0.99	0.99	0.99	0.68	0.98	-0.38	0.98	0.8	0.79	0.98		-0.69	0.81	0.98	0.77	0.77	0.99	0.29	0.72	-0.5	0.56	0.94	0.98	0.94	0.46	0.9
Deferred Long Term Liab	-0.72	-0.65	-0.72	-0.45	-0.66	0.47	-0.65	-0.58	-0.75	-0.69	-0.69		-0.58	-0.73	-0.55	-0.55	-0.67	-0.26	-0.25	0.3	-0.3	-0.47	-0.62	-0.47	-0.26	-0.54
Total Current Assets	0.88	0.81	0.89	0.95	0.9	0.13	0.83	0.99	0.72	0.8	0.81	-0.58		0.84	0.98	0.98	0.86	0.35	0.65	-0.69	0.72	0.74	0.77	0.74	0.37	0.72
Common Stock	0.99	0.97	0.99	0.71	0.97	-0.39	0.96	0.84	0.88	0.97	0.98	-0.73	0.84		0.81	0.81	0.98	0.34	0.65	-0.54	0.57	0.92	0.96	0.92	0.47	0.91
Short Long Term Debt	0.84	0.77	0.85	0.98	0.87	0.2	0.82	0.95	0.74	0.76	0.77	-0.55	0.98	0.81		1.0	0.83	0.37	0.69	-0.73	0.84	0.7	0.77	0.7	0.2	0.67
Short Term Debt	0.84	0.77	0.85	0.98	0.87	0.2	0.82	0.95	0.74	0.76	0.77	-0.55	0.98	0.81	1.0		0.83	0.37	0.69	-0.73	0.84	0.7	0.77	0.7	0.2	0.67
Property Plant Equipment	0.99	0.99	0.99	0.75	1.0	-0.29	0.99	0.85	0.78	0.98	0.99	-0.67	0.86	0.98	0.83	0.83		0.31	0.76	-0.54	0.63	0.93	0.98	0.93	0.43	0.88
Short Term Investments	0.31	0.29	0.32	0.34	0.32	-0.04	0.29	0.33	0.41	0.33	0.29	-0.26	0.35	0.34	0.37	0.37	0.31		0.24	-0.37	0.3	0.23	0.28	0.23	0.06	0.23
Other Current Liab	0.69	0.79	0.69	0.7	0.77	0.13	0.81	0.59	0.37	0.71	0.72	-0.25	0.65	0.65	0.69	0.69	0.76	0.24		-0.53	0.82	0.68	0.79	0.68	-0.05	0.53
Long Term Debt	-0.55	-0.51	-0.55	-0.72	-0.58	-0.22	-0.53	-0.67	-0.52	-0.51	-0.5	0.3	-0.69	-0.54	-0.73	-0.73	-0.54	-0.37	-0.53		-0.64	-0.45	-0.5	-0.45	-0.08	-0.42
Net Receivables	0.61	0.6	0.61	0.87	0.67	0.36	0.7	0.64	0.52	0.56	0.56	-0.3	0.72	0.57	0.84	0.84	0.63	0.3	0.82	-0.64		0.5	0.66	0.5	-0.3	0.42
Property Plant And Equipment Net	0.92	0.93	0.92	0.61	0.91	-0.38	0.92	0.73	0.73	0.91	0.94	-0.47	0.74	0.92	0.7	0.7	0.93	0.23	0.68	-0.45	0.5		0.93	1.0	0.57	0.97
Net Debt	0.97	0.98	0.96	0.69	0.96	-0.35	0.99	0.74	0.79	0.96	0.98	-0.62	0.77	0.96	0.77	0.77	0.98	0.28	0.79	-0.5	0.66	0.93		0.93	0.31	0.88
Non Current Assets Total	0.92	0.93	0.92	0.61	0.91	-0.38	0.92	0.73	0.73	0.91	0.94	-0.47	0.74	0.92	0.7	0.7	0.93	0.23	0.68	-0.45	0.5	1.0	0.93		0.57	0.97
Cash And Short Term Investments	0.46	0.43	0.46	0.11	0.42	-0.42	0.31	0.46	0.31	0.45	0.46	-0.26	0.37	0.47	0.2	0.2	0.43	0.06	-0.05	-0.08	-0.3	0.57	0.31	0.57		0.63
Common Stock Shares Outstanding	0.9	0.87	0.9	0.57	0.87	-0.45	0.86	0.72	0.79	0.87	0.9	-0.54	0.72	0.91	0.67	0.67	0.88	0.23	0.53	-0.42	0.42	0.97	0.88	0.97	0.63

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Canada Net Income Per Share vs Roic Analysis

Net Income Per Share vs Roic

Net Income Per Share vs Roic Correlation Analysis

Correlation Coefficient

Net Income Per Share

Roic

Canada Nickel fundamental ratios Correlations

Canada Nickel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Canada Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Net Tangible Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Tangible Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Deferred Long Term Liab	- 0.75	Other Current Assets
Long Term Debt	- 0.73	Short Term Debt
Long Term Debt	- 0.73	Short Long Term Debt
Common Stock	- 0.73	Deferred Long Term Liab
Long Term Debt	- 0.72	Other Liab
Deferred Long Term Liab	- 0.72	Total Stockholder Equity