Globe Metals financial indicator trend analysis is much more than just examining Globe Metals Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globe Metals Mining is a good investment. Please check the relationship between Globe Metals Begin Period Cash Flow and its Sale Purchase Of Stock accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals 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.
Begin Period Cash Flow vs Sale Purchase Of Stock
Begin Period Cash Flow vs Sale Purchase Of Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Globe Metals Mining Begin Period Cash Flow account and
Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Globe Metals' Begin Period Cash Flow and Sale Purchase Of Stock is -0.14. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Globe Metals Mining, assuming nothing else is changed. The correlation between historical values of Globe Metals' Begin Period Cash Flow and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Globe Metals Mining are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Begin Period Cash Flow i.e., Globe Metals' Begin Period Cash Flow and Sale Purchase Of Stock go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Sale Purchase Of Stock
Most indicators from Globe Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globe Metals 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals 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.
Selling General Administrative is likely to drop to about 1.3
M in 2024.
Issuance Of Capital Stock is likely to drop to about 831.2
K in 2024
Globe Metals fundamental ratios Correlations
Click cells to compare fundamentals
Globe Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globe Metals fundamental ratios Accounts
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Additional Tools for Globe Stock Analysis
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