| GVR Stock | | | 0.04 0.00 0.00% |
Grosvenor Resource financial indicator trend analysis is much more than just examining Grosvenor Resource Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grosvenor Resource Corp is a good investment. Please check the relationship between Grosvenor Resource Net Invested Capital and its Cash And Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grosvenor Resource 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 board of governors.
Net Invested Capital vs Cash And Short Term Investments
Net Invested Capital vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grosvenor Resource Corp Net Invested Capital account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Grosvenor Resource's Net Invested Capital and Cash And Short Term Investments is 0.08. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Grosvenor Resource Corp, assuming nothing else is changed. The correlation between historical values of Grosvenor Resource's Net Invested Capital and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Grosvenor Resource Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Invested Capital i.e., Grosvenor Resource's Net Invested Capital and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.08 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Grosvenor Resource Corp balance sheet. This account contains Grosvenor Resource investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Grosvenor Resource Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Grosvenor Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grosvenor Resource 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 Grosvenor Resource 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 board of governors.
At this time, Grosvenor Resource's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 115.2
K in 2024, whereas
Enterprise Value is likely to drop slightly above 1.1
M in 2024.
Grosvenor Resource fundamental ratios Correlations
Click cells to compare fundamentals
Grosvenor Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grosvenor Resource fundamental ratios Accounts
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Additional Tools for Grosvenor Stock Analysis
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measure Grosvenor Resource'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 Grosvenor Resource is operating at the current time. Most of Grosvenor Resource's value examination focuses on studying past and present price action to
predict the probability of Grosvenor Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grosvenor Resource's price. Additionally, you may evaluate how the addition of Grosvenor Resource to your portfolios can decrease your overall portfolio volatility.