Copper Net Invested Capital vs Net Working Capital Analysis
| CRD Stock | CAD 0.03 0.01 25.00% |
Copper Road financial indicator trend analysis is way more than just evaluating Copper Road Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copper Road Resources is a good investment. Please check the relationship between Copper Road Net Invested Capital and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copper Road Resources. 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 Invested Capital vs Net Working Capital
Net Invested Capital vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copper Road Resources Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Copper Road's Net Invested Capital and Net Working Capital is 1.0. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Copper Road Resources, assuming nothing else is changed. The correlation between historical values of Copper Road's Net Invested Capital and Net Working Capital 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 Invested Capital of Copper Road Resources are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Copper Road's Net Invested Capital and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Working Capital
Most indicators from Copper Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Copper Road Resources 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 Copper Road Resources. 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. Selling General Administrative is likely to drop to about 490.9 K in 2024. Issuance Of Capital Stock is likely to drop to about 819 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 796.7K | 2.3M | 1.1M | 1.3M | Research Development | 4.2K | 6.3K | 31.9K | 17.3K |
Copper Road fundamental ratios Correlations
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Copper Road Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Copper Stock Analysis
When running Copper Road's price analysis, check to measure Copper Road'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 Copper Road is operating at the current time. Most of Copper Road's value examination focuses on studying past and present price action to predict the probability of Copper Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copper Road's price. Additionally, you may evaluate how the addition of Copper Road to your portfolios can decrease your overall portfolio volatility.