| GRDM Stock | | | CAD 0.04 0.01 12.50% |
Grid Metals financial indicator trend analysis is much more than just examining Grid Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Metals Corp is a good investment. Please check the relationship between Grid Metals Operating Income and its Reconciled Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid 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 population.
Operating Income vs Reconciled Depreciation
Operating Income vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grid Metals Corp Operating Income account and
Reconciled Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Grid Metals' Operating Income and Reconciled Depreciation is -0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Grid Metals Corp, assuming nothing else is changed. The correlation between historical values of Grid Metals' Operating Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Grid Metals Corp are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Operating Income i.e., Grid Metals' Operating Income and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Grid Metals 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 Grid Metals 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.
Reconciled Depreciation
Most indicators from Grid Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid 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 population.
At this time, Grid Metals'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 1.2
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 74.9
K in 2024.
Grid Metals fundamental ratios Correlations
Click cells to compare fundamentals
Grid Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grid Metals fundamental ratios Accounts
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Additional Tools for Grid Stock Analysis
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