| DMX Stock | | | CAD 0.37 0.01 2.78% |
District Metals financial indicator trend analysis is much more than just examining District Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether District Metals Corp is a good investment. Please check the relationship between District Metals Non Current Assets Total and its Net Working Capital accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals Corp. 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.
Non Current Assets Total vs Net Working Capital
Non Current Assets Total vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
District Metals Corp Non Current Assets Total account and
Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between District Metals' Non Current Assets Total and Net Working Capital is 0.5. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of District Metals Corp, assuming nothing else is changed. The correlation between historical values of District Metals' Non Current Assets Total 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 Non Current Assets Total of District Metals Corp 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 Non Current Assets Total i.e., District Metals' Non Current Assets Total and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.5 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Net Working Capital
Most indicators from District Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into District Metals Corp 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals Corp. 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, District Metals'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 31.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 2.6
M in 2024.
District Metals fundamental ratios Correlations
Click cells to compare fundamentals
District Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
District Metals fundamental ratios Accounts
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Additional Tools for District Stock Analysis
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