E79 Gold financial indicator trend analysis is much more than just examining E79 Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E79 Gold Mines is a good investment. Please check the relationship between E79 Gold Total Revenue and its Gross Profit accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E79 Gold Mines. 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 Revenue vs Gross Profit
Total Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
E79 Gold Mines Total Revenue account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between E79 Gold's Total Revenue and Gross Profit is -0.06. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of E79 Gold Mines, assuming nothing else is changed. The correlation between historical values of E79 Gold's Total Revenue and Gross Profit 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 Revenue of E79 Gold Mines are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Revenue i.e., E79 Gold's Total Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts E79 Gold Mines generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of E79 Gold Mines minus its cost of goods sold. It is profit before E79 Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from E79 Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E79 Gold Mines 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 E79 Gold Mines. 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 gain to about 1.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1.2
M in 2024.
E79 Gold fundamental ratios Correlations
Click cells to compare fundamentals
E79 Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
E79 Gold fundamental ratios Accounts
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Additional Tools for E79 Stock Analysis
When running E79 Gold's price analysis, check to
measure E79 Gold'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 E79 Gold is operating at the current time. Most of E79 Gold's value examination focuses on studying past and present price action to
predict the probability of E79 Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E79 Gold's price. Additionally, you may evaluate how the addition of E79 Gold to your portfolios can decrease your overall portfolio volatility.