| GRDM Stock | | | CAD 0.04 0.01 11.11% |
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 Other Current Assets and its Non Current Liabilities Total 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.
Other Current Assets vs Non Current Liabilities Total
Other Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grid Metals Corp Other Current Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Grid Metals' Other Current Assets and Non Current Liabilities Total is 0.34. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Total 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' Other Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Grid Metals Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Assets i.e., Grid Metals' Other Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Non Current Liabilities Total
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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