| IGO Stock | | | CAD 0.22 0.01 4.76% |
Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Total Liab and its Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold 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.
Total Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Independence Gold Corp Total Liab account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Independence Gold's Total Liab and Cash is 0.37. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Total Liab and Cash 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 Liab of Independence Gold Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Liab i.e., Independence Gold's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash
Cash refers to the most liquid asset of Independence Gold Corp, which is listed under current asset account on Independence Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Independence Gold customers. The amounts must be unrestricted with restricted cash listed in a different Independence Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Gold 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 Independence Gold 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, Independence Gold's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 32.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 728.5
K in 2024.
Independence Gold fundamental ratios Correlations
Click cells to compare fundamentals
Independence Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Independence Gold fundamental ratios Accounts
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Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to
measure Independence Gold'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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to
predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.