| EDG Stock | | | CAD 0.14 0.01 7.69% |
Endurance Gold financial indicator trend analysis is much more than just examining Endurance Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Endurance Gold Corp is a good investment. Please check the relationship between Endurance Gold Change To Liabilities and its Depreciation accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endurance Gold 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.
Change To Liabilities vs Depreciation
Change To Liabilities vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Endurance Gold Corp Change To Liabilities account and
Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Endurance Gold's Change To Liabilities and Depreciation is -0.01. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Depreciation in the same time period over historical financial statements of Endurance Gold Corp, assuming nothing else is changed. The correlation between historical values of Endurance Gold's Change To Liabilities and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Endurance Gold Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Liabilities i.e., Endurance Gold's Change To Liabilities and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change To Liabilities
Depreciation
Depreciation indicates how much of Endurance Gold Corp value has been used up. For tax purposes Endurance Gold can deduct the cost of the tangible assets it purchases as business expenses. However, Endurance Gold Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Endurance Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Endurance Gold 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 Endurance Gold 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, Endurance Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.9
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(47.17).
Endurance Gold fundamental ratios Correlations
Click cells to compare fundamentals
Endurance Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Endurance Gold fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Endurance Stock Analysis
When running Endurance Gold's price analysis, check to
measure Endurance 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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to
predict the probability of Endurance 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 Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.