| 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 Net Income and its Operating Income 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.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Galway Metals Net Income account and
Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Galway Metals' Net Income and Operating Income is 0.96. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income 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' Net Income and Operating Income 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 Income of Galway Metals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Galway Metals' Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Galway Metals financial statement analysis. It represents the amount of money remaining after all of Galway Metals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Operating Income
Operating Income is the amount of profit realized from Galway Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Galway Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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
When running Galway Metals' price analysis, check to
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.