Silver Other Non Cash Items vs Change To Account Receivables Analysis

ELEF Stock  CAD 0.42  0.03  6.67%   
Silver Elephant financial indicator trend analysis is much more than just breaking down Silver Elephant Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Silver Elephant Mining is a good investment. Please check the relationship between Silver Elephant Other Non Cash Items and its Change To Account Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Silver Elephant Mining. 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.

Other Non Cash Items vs Change To Account Receivables

Other Non Cash Items vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silver Elephant Mining Other Non Cash Items account and Change To Account Receivables. At this time, the significance of the direction appears to have no relationship.
The correlation between Silver Elephant's Other Non Cash Items and Change To Account Receivables is 0.03. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Silver Elephant Mining, assuming nothing else is changed. The correlation between historical values of Silver Elephant's Other Non Cash Items and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Silver Elephant Mining are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Other Non Cash Items i.e., Silver Elephant's Other Non Cash Items and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Non Cash Items

Change To Account Receivables

Most indicators from Silver Elephant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Silver Elephant Mining 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 Silver Elephant Mining. 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, Silver Elephant's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 13.6 M, while Issuance Of Capital Stock is likely to drop about 1.5 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.7M8.2M6.5M3.5M
Cost Of Revenue22.1K151.3K543.1K570.3K

Silver Elephant fundamental ratios Correlations

0.070.160.90.880.130.120.10.030.950.040.350.20.120.180.04-0.020.70.30.38-0.450.510.14-0.07-0.20.33
0.070.80.08-0.320.17-0.480.66-0.04-0.070.77-0.14-0.250.580.5-0.50.580.440.420.2-0.14-0.01-0.750.43-0.540.61
0.160.80.14-0.260.61-0.450.62-0.220.060.68-0.09-0.190.510.35-0.20.780.410.320.63-0.160.15-0.630.25-0.320.47
0.90.080.140.750.050.26-0.110.080.81-0.040.490.33-0.110.260.17-0.190.530.440.43-0.670.510.23-0.26-0.140.34
0.88-0.32-0.260.75-0.040.26-0.070.040.91-0.260.280.26-0.05-0.060.17-0.30.530.040.09-0.320.360.35-0.14-0.050.08
0.130.170.610.05-0.040.090.19-0.760.150.2-0.40.170.10.00.190.430.16-0.050.67-0.020.45-0.07-0.290.150.04
0.12-0.48-0.450.260.260.09-0.79-0.30.16-0.40.020.3-0.63-0.150.29-0.65-0.18-0.10.13-0.020.720.65-0.810.52-0.31
0.10.660.62-0.11-0.070.19-0.790.00.110.68-0.26-0.350.820.08-0.390.690.57-0.060.040.03-0.38-0.840.68-0.580.44
0.03-0.04-0.220.080.04-0.76-0.30.00.040.110.8-0.260.27-0.2-0.31-0.120.12-0.05-0.16-0.11-0.36-0.20.37-0.3-0.01
0.95-0.070.060.810.910.150.160.110.040.070.360.210.19-0.110.08-0.060.760.00.4-0.360.490.12-0.11-0.130.16
0.040.770.68-0.04-0.260.2-0.40.680.110.070.04-0.190.81-0.12-0.420.590.68-0.170.370.030.01-0.890.28-0.340.25
0.35-0.14-0.090.490.28-0.40.02-0.260.80.360.040.080.06-0.240.01-0.170.230.030.33-0.360.080.06-0.08-0.04-0.13
0.2-0.25-0.190.330.260.170.3-0.35-0.260.21-0.190.08-0.32-0.110.47-0.390.030.030.11-0.470.090.39-0.610.32-0.18
0.120.580.51-0.11-0.050.1-0.630.820.270.190.810.06-0.32-0.2-0.630.540.69-0.260.140.07-0.19-0.840.58-0.610.34
0.180.50.350.26-0.060.0-0.150.08-0.2-0.11-0.12-0.24-0.11-0.2-0.180.17-0.140.95-0.17-0.180.080.040.25-0.270.63
0.04-0.5-0.20.170.170.190.29-0.39-0.310.08-0.420.010.47-0.63-0.18-0.1-0.26-0.10.24-0.1-0.010.46-0.520.7-0.47
-0.020.580.78-0.19-0.30.43-0.650.69-0.12-0.060.59-0.17-0.390.540.17-0.10.30.080.380.36-0.16-0.680.54-0.090.12
0.70.440.410.530.530.16-0.180.570.120.760.680.230.030.69-0.14-0.260.3-0.120.39-0.210.27-0.520.16-0.350.3
0.30.420.320.440.04-0.05-0.1-0.06-0.050.0-0.170.030.03-0.260.95-0.10.08-0.12-0.04-0.360.130.150.13-0.230.58
0.380.20.630.430.090.670.130.04-0.160.40.370.330.110.14-0.170.240.380.39-0.04-0.270.55-0.13-0.360.16-0.06
-0.45-0.14-0.16-0.67-0.32-0.02-0.020.03-0.11-0.360.03-0.36-0.470.07-0.18-0.10.36-0.21-0.36-0.27-0.09-0.130.30.36-0.42
0.51-0.010.150.510.360.450.72-0.38-0.360.490.010.080.09-0.190.08-0.01-0.160.270.130.55-0.090.33-0.550.210.05
0.14-0.75-0.630.230.35-0.070.65-0.84-0.20.12-0.890.060.39-0.840.040.46-0.68-0.520.15-0.13-0.130.33-0.540.43-0.27
-0.070.430.25-0.26-0.14-0.29-0.810.680.37-0.110.28-0.08-0.610.580.25-0.520.540.160.13-0.360.3-0.55-0.54-0.640.43
-0.2-0.54-0.32-0.14-0.050.150.52-0.58-0.3-0.13-0.34-0.040.32-0.61-0.270.7-0.09-0.35-0.230.160.360.210.43-0.64-0.82
0.330.610.470.340.080.04-0.310.44-0.010.160.25-0.13-0.180.340.63-0.470.120.30.58-0.06-0.420.05-0.270.43-0.82
Click cells to compare fundamentals

Silver Elephant Account Relationship Matchups

Silver Elephant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets27.4M39.8M62.0M88.1M50.7M32.0M
Other Current Liab2.4M41.2K6.8M44K6.9M7.2M
Total Current Liabilities2.5M1.8M9.3M3.8M10.9M11.4M
Total Stockholder Equity24.7M37.4M49.2M30.1M21.9M23.1M
Property Plant And Equipment Net24.0M32.0M21.2M86.4M4.3M4.1M
Net Debt(3.0M)(7.6M)(579.5K)3.0M1.8M1.9M
Retained Earnings(180.5M)(185.1M)(191.9M)(198.9M)(226.9M)(215.6M)
Accounts Payable2.4M1.7M2.5M3.4M3.9M4.1M
Cash3.0M7.6M579.5K1.0M2.2M3.2M
Non Current Assets Total24.0M32.0M21.2M86.5M48.2M25.8M
Cash And Short Term Investments3.0M7.6M579.5K1.0M2.2M3.8M
Net Receivables246.7K75.8K79.0K225.3K82.6K78.5K
Common Stock Shares Outstanding10.2M13.8M2.1M26.5M32.6M34.2M
Liabilities And Stockholders Equity27.4M39.8M62.0M88.1M50.7M32.0M
Other Current Assets135.8K114.7K40.2M373.8K284.7K270.5K
Other Stockholder Equity24.1M24.9M26.3M463.7K533.3K506.6K
Total Liab2.7M2.5M11.4M9.6M15.4M16.2M
Property Plant And Equipment Gross24.0M32.0M21.7M87.1M100.2M105.2M
Total Current Assets3.4M7.8M40.8M1.6M2.6M2.4M
Accumulated Other Comprehensive Income24.1M24.9M26.3M12.1M29.3M30.7M
Short Term Debt0.032.3K20.5K340.3K4.0M4.2M
Non Current Liabilities Total287.3K695.3K2.0M5.8M4.5M4.4M
Common Stock181.1M197.6M214.8M217.0M219.6M168.0M
Other Liab266.8K695.3K2.0M2.0M1.8M3.3M
Net Tangible Assets24.7M37.4M49.2M28.4M32.6M25.8M
Property Plant Equipment24.0M32.0M21.2M70.1M80.6M84.6M
Net Invested Capital24.7M37.4M49.2M34.2M39.3M28.1M
Net Working Capital947.5K6.0M31.5M(2.2M)(2.5M)(2.4M)
Capital Stock181.1M197.6M214.8M217.0M249.5M216.5M

Pair Trading with Silver Elephant

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Silver Elephant position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Silver Elephant will appreciate offsetting losses from the drop in the long position's value.

Moving together with Silver Stock

  0.65ORE Orezone Gold CorpPairCorr

Moving against Silver Stock

  0.37IVS Inventus Mining CorpPairCorr
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Silver Elephant - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Silver Elephant Mining to buy it.
The correlation of Silver Elephant is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Silver Elephant can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Silver Stock

Balance Sheet is a snapshot of the financial position of Silver Elephant Mining at a specified time, usually calculated after every quarter, six months, or one year. Silver Elephant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Silver Elephant and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Silver currently owns. An asset can also be divided into two categories, current and non-current.