| 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 Ptb Ratio and its Pfcf Ratio 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.
Ptb Ratio vs Pfcf Ratio
Ptb Ratio vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Golden Arrow Resources Ptb Ratio account and
Pfcf Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Golden Arrow's Ptb Ratio and Pfcf Ratio is -0.21. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Pfcf Ratio 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 Ptb Ratio and Pfcf Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Golden Arrow Resources are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Ptb Ratio i.e., Golden Arrow's Ptb Ratio and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | -0.21 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Pfcf Ratio
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.