| GRG Stock | | | CAD 0.04 0.01 10.00% |
Golden Arrow financial indicator trend analysis is much more than just examining Golden Arrow Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Arrow Resources is a good investment. Please check the relationship between Golden Arrow Pe Ratio and its Income Quality accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Arrow 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.
Pe Ratio vs Income Quality
Pe Ratio vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Golden Arrow Resources Pe Ratio account and
Income Quality. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Golden Arrow's Pe Ratio and Income Quality is -0.59. Overlapping area represents the amount of variation of Pe Ratio that can explain the historical movement of Income Quality in the same time period over historical financial statements of Golden Arrow Resources, assuming nothing else is changed. The correlation between historical values of Golden Arrow's Pe Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pe Ratio of Golden Arrow Resources are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Pe Ratio i.e., Golden Arrow's Pe Ratio and Income Quality go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Pe Ratio
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Golden Arrow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Arrow 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 Golden Arrow 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, Golden Arrow's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.3
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(0.96) in 2024.
Golden Arrow fundamental ratios Correlations
Click cells to compare fundamentals
Golden Arrow Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Arrow fundamental ratios Accounts
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Additional Tools for Golden Stock Analysis
When running Golden Arrow's price analysis, check to
measure Golden Arrow'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 Golden Arrow is operating at the current time. Most of Golden Arrow's value examination focuses on studying past and present price action to
predict the probability of Golden Arrow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Arrow's price. Additionally, you may evaluate how the addition of Golden Arrow to your portfolios can decrease your overall portfolio volatility.