| GOT Stock | | | CAD 1.11 0.03 2.63% |
Goliath Resources financial indicator trend analysis is much more than just examining Goliath Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goliath Resources is a good investment. Please check the relationship between Goliath Resources Depreciation And Amortization and its Other Operating Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goliath Resources. 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.
Depreciation And Amortization vs Other Operating Expenses
Depreciation And Amortization vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goliath Resources Depreciation And Amortization account and
Other Operating Expenses. At this time, the significance of the direction appears to have weak relationship.
The correlation between Goliath Resources' Depreciation And Amortization and Other Operating Expenses is 0.37. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Goliath Resources, assuming nothing else is changed. The correlation between historical values of Goliath Resources' Depreciation And Amortization and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Goliath Resources are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Depreciation And Amortization i.e., Goliath Resources' Depreciation And Amortization and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Goliath Resources. It is also known as Goliath Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Goliath Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goliath Resources 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 Goliath Resources. 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, Goliath Resources'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to about 26.2
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 8.4
M in 2024.
Goliath Resources fundamental ratios Correlations
Click cells to compare fundamentals
Goliath Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goliath Resources fundamental ratios Accounts
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Additional Tools for Goliath Stock Analysis
When running Goliath Resources' price analysis, check to
measure Goliath Resources' 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 Goliath Resources is operating at the current time. Most of Goliath Resources' value examination focuses on studying past and present price action to
predict the probability of Goliath Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goliath Resources' price. Additionally, you may evaluate how the addition of Goliath Resources to your portfolios can decrease your overall portfolio volatility.