| 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 Roe and its Ev To Operating Cash Flow 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.
Roe vs Ev To Operating Cash Flow
Roe vs Ev To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Golden Arrow Resources Roe account and
Ev To Operating Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Golden Arrow's Roe and Ev To Operating Cash Flow is -0.53. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ev To Operating Cash Flow 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 Roe and Ev To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Golden Arrow Resources are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Roe i.e., Golden Arrow's Roe and Ev To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Roe
Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.
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
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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.