| GLDC Stock | | | CAD 0.22 0.01 4.76% |
Cassiar Gold financial indicator trend analysis is way more than just evaluating Cassiar Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cassiar Gold Corp is a good investment. Please check the relationship between Cassiar Gold Net Income and its Operating Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Cassiar 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 main economic indicators.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cassiar Gold Corp Net Income account and
Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cassiar Gold's Net Income and Operating Income is -0.19. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Cassiar Gold Corp, assuming nothing else is changed. The correlation between historical values of Cassiar Gold's Net Income and Operating Income 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 Income of Cassiar Gold Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Cassiar Gold's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cassiar Gold Corp financial statement analysis. It represents the amount of money remaining after all of Cassiar Gold Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Operating Income
Operating Income is the amount of profit realized from Cassiar Gold Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cassiar Gold Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Cassiar Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cassiar 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Cassiar 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 main economic indicators.
At this time, Cassiar Gold's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 1,906 in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(17.11).
Cassiar Gold fundamental ratios Correlations
Click cells to compare fundamentals
Cassiar Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cassiar Gold fundamental ratios Accounts
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Additional Tools for Cassiar Stock Analysis
When running Cassiar Gold's price analysis, check to
measure Cassiar 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 Cassiar Gold is operating at the current time. Most of Cassiar Gold's value examination focuses on studying past and present price action to
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