Copper Research Development vs Operating Income Analysis

CRD Stock

CAD 0.03 0.01 16.67%

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 Research Development and its Operating Income 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.

Research Development vs Operating Income

Research Development vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copper Road Resources Research Development account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Copper Road's Research Development and Operating Income is 0.79. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Operating Income 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 Research Development and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Copper Road Resources are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Research Development i.e., Copper Road's Research Development and Operating Income go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

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Research Development

Operating Income

Operating Income is the amount of profit realized from Copper Road Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Copper Road Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

Total Operating Expenses Research Development

Copper Road fundamental ratios Correlations

	Other Current Liab	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital
Other Current Liab		-0.47	0.07	-0.51	-0.7	0.59	-0.51	0.89	0.07	-0.51	-0.47	0.64	-0.51
Total Assets	-0.47		0.76	1.0	0.85	-0.38	1.0	-0.69	0.76	1.0	1.0	-0.73	1.0
Total Current Liabilities	0.07	0.76		0.71	0.32	0.19	0.73	-0.08	1.0	0.71	0.76	-0.17	0.71
Total Stockholder Equity	-0.51	1.0	0.71		0.88	-0.44	1.0	-0.73	0.71	1.0	1.0	-0.77	1.0
Retained Earnings	-0.7	0.85	0.32	0.88		-0.58	0.87	-0.89	0.32	0.88	0.85	-0.97	0.88
Accounts Payable	0.59	-0.38	0.19	-0.44	-0.58		-0.41	0.77	0.19	-0.44	-0.38	0.57	-0.44
Cash	-0.51	1.0	0.73	1.0	0.87	-0.41		-0.72	0.73	1.0	1.0	-0.76	1.0
Common Stock Shares Outstanding	0.89	-0.69	-0.08	-0.73	-0.89	0.77	-0.72		-0.08	-0.73	-0.69	0.83	-0.73
Total Liab	0.07	0.76	1.0	0.71	0.32	0.19	0.73	-0.08		0.71	0.76	-0.17	0.71
Net Invested Capital	-0.51	1.0	0.71	1.0	0.88	-0.44	1.0	-0.73	0.71		1.0	-0.77	1.0
Total Current Assets	-0.47	1.0	0.76	1.0	0.85	-0.38	1.0	-0.69	0.76	1.0		-0.73	1.0
Capital Stock	0.64	-0.73	-0.17	-0.77	-0.97	0.57	-0.76	0.83	-0.17	-0.77	-0.73		-0.77
Net Working Capital	-0.51	1.0	0.71	1.0	0.88	-0.44	1.0	-0.73	0.71	1.0	1.0	-0.77

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Copper Road Account Relationship Matchups

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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.

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Copper Research Development vs Operating Income Analysis

Research Development vs Operating Income

Research Development vs Operating Income Correlation Analysis

Correlation Coefficient

Research Development

Operating Income

Copper Road fundamental ratios Correlations

Copper Road Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities

Capital Stock	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Net Working Capital	- 0.77	Capital Stock
Capital Stock	- 0.77	Net Invested Capital
Capital Stock	- 0.77	Total Stockholder Equity
Capital Stock	- 0.76	Cash