| GFM Stock | | | 145.00 3.00 2.11% |
Griffin Mining financial indicator trend analysis is much more than just examining Griffin Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Griffin Mining is a good investment. Please check the relationship between Griffin Mining Retained Earnings and its Property Plant And Equipment Gross accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin 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 bureau of economic analysis.
Retained Earnings vs Property Plant And Equipment Gross
Retained Earnings vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Griffin Mining Retained Earnings account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Griffin Mining's Retained Earnings and Property Plant And Equipment Gross is 0.92. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Griffin Mining, assuming nothing else is changed. The correlation between historical values of Griffin Mining's Retained Earnings and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Griffin Mining are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Retained Earnings i.e., Griffin Mining's Retained Earnings and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Property Plant And Equipment Gross
Most indicators from Griffin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Griffin 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 Griffin 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 bureau of economic analysis.
As of December 2, 2024,
Selling General Administrative is expected to decline to about 15.4
M. In addition to that,
Tax Provision is expected to decline to about 7.1
MGriffin Mining fundamental ratios Correlations
Click cells to compare fundamentals
Griffin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Griffin Mining fundamental ratios Accounts
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Other Information on Investing in Griffin Stock
Balance Sheet is a snapshot of the
financial position of Griffin Mining at a specified time, usually calculated after every quarter, six months, or one year. Griffin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Griffin Mining 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 Griffin currently owns. An asset can also be divided into two categories, current and non-current.