| EQTY Stock | | | CAD 0.18 0.01 5.26% |
Equity Metals financial indicator trend analysis is much more than just examining Equity Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Metals Corp is a good investment. Please check the relationship between Equity Metals Net Tangible Assets and its Non Current Assets Total accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity 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 manufacturing.
Net Tangible Assets vs Non Current Assets Total
Net Tangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Metals Corp Net Tangible Assets account and
Non Current Assets Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Equity Metals' Net Tangible Assets and Non Current Assets Total is 0.34. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Equity Metals Corp, assuming nothing else is changed. The correlation between historical values of Equity Metals' Net Tangible Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Equity Metals Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Tangible Assets i.e., Equity Metals' Net Tangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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.
Most indicators from Equity Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity 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 Equity 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 manufacturing.
Enterprise Value is likely to climb to about 12.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 797.8
K in 2024.
Equity Metals fundamental ratios Correlations
Click cells to compare fundamentals
Equity Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Metals fundamental ratios Accounts
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