Itech Change To Netincome vs Change In Working Capital Analysis
| ITM Stock | 0.05 0 1.89% |
Itech Minerals financial indicator trend analysis is infinitely more than just investigating Itech Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itech Minerals is a good investment. Please check the relationship between Itech Minerals Change To Netincome and its Change In Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itech Minerals. 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.
Change To Netincome vs Change In Working Capital
Change To Netincome vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Itech Minerals Change To Netincome account and Change In Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Itech Minerals' Change To Netincome and Change In Working Capital is -0.53. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Itech Minerals, assuming nothing else is changed. The correlation between historical values of Itech Minerals' Change To Netincome and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Itech Minerals are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change To Netincome i.e., Itech Minerals' Change To Netincome and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change To Netincome
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Itech Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itech Minerals 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 Itech Minerals. 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 498.6 K in 2024. Issuance Of Capital Stock is likely to drop to about 5.4 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 3.9K | 151.7K | 174.4K | 183.2K | Net Interest Income | 3.9K | 151.7K | 174.4K | 183.2K |
Itech Minerals fundamental ratios Correlations
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Itech Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Itech Stock Analysis
When running Itech Minerals' price analysis, check to measure Itech Minerals' 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 Itech Minerals is operating at the current time. Most of Itech Minerals' value examination focuses on studying past and present price action to predict the probability of Itech Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itech Minerals' price. Additionally, you may evaluate how the addition of Itech Minerals to your portfolios can decrease your overall portfolio volatility.