Copper Total Assets 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 Total Assets 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.
Total Assets vs Net Working Capital
Total Assets 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 Total Assets account and Net Working Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Copper Road's Total Assets and Net Working Capital is 1.0. Overlapping area represents the amount of variation of Total Assets 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 Total Assets 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 Total Assets 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 Total Assets i.e., Copper Road's Total Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Copper Road assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Copper Road Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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.