| HAN Stock | | | CAD 0.49 0.02 3.92% |
Hannan Metals financial indicator trend analysis is much more than just examining Hannan Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hannan Metals is a good investment. Please check the relationship between Hannan Metals Total Assets and its Non Current Assets Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hannan 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.
Total Assets vs Non Current Assets Total
Total Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hannan Metals Total Assets account and
Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hannan Metals' Total Assets and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hannan Metals, assuming nothing else is changed. The correlation between historical values of Hannan Metals' Total Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Hannan Metals are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Assets i.e., Hannan Metals' Total Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Hannan Metals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hannan Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Hannan Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hannan 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 Hannan 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.
At this time, Hannan Metals'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 20.4
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 65.7
K in 2024.
Hannan Metals fundamental ratios Correlations
Click cells to compare fundamentals
Hannan Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hannan Metals fundamental ratios Accounts
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Additional Tools for Hannan Stock Analysis
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