| GWM Stock | | | CAD 0.47 0.01 2.17% |
Galway Metals financial indicator trend analysis is much more than just examining Galway Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galway Metals is a good investment. Please check the relationship between Galway Metals Long Term Investments and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galway Metals. 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.
Long Term Investments vs Accounts Payable
Long Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Galway Metals Long Term Investments account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Galway Metals' Long Term Investments and Accounts Payable is -0.07. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Galway Metals, assuming nothing else is changed. The correlation between historical values of Galway Metals' Long Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Galway Metals are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Investments i.e., Galway Metals' Long Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.07 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of Galway Metals balance sheet that represents investments Galway Metals intends to hold for over a year. Galway Metals long term investments may include different instruments such as stocks, bonds, real estate and cash.
Accounts Payable
An accounting item on the balance sheet that represents Galway Metals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Galway Metals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Galway Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galway Metals 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 Galway Metals. 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.
Selling General Administrative is likely to drop to about 2.5
M in 2024.
Issuance Of Capital Stock is likely to drop to about 3.4
M in 2024
Galway Metals fundamental ratios Correlations
Click cells to compare fundamentals
Galway Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galway Metals fundamental ratios Accounts
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Additional Tools for Galway Stock Analysis
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measure Galway Metals' 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 Galway Metals is operating at the current time. Most of Galway Metals' value examination focuses on studying past and present price action to
predict the probability of Galway Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galway Metals' price. Additionally, you may evaluate how the addition of Galway Metals to your portfolios can decrease your overall portfolio volatility.