| MGM Stock | | | CAD 0.06 0.01 20.00% |
Maple Gold financial indicator trend analysis is infinitely more than just investigating Maple Gold Mines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maple Gold Mines is a good investment. Please check the relationship between Maple Gold Cash And Short Term Investments and its Net Tangible Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maple Gold Mines. 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.
Cash And Short Term Investments vs Net Tangible Assets
Cash And Short Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maple Gold Mines Cash And Short Term Investments account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Maple Gold's Cash And Short Term Investments and Net Tangible Assets is 0.65. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Maple Gold Mines, assuming nothing else is changed. The correlation between historical values of Maple Gold's Cash And Short Term Investments and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Maple Gold Mines are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash And Short Term Investments i.e., Maple Gold's Cash And Short Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Maple Gold Mines balance sheet. This account contains Maple Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Maple Gold Mines fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Maple Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maple Gold Mines 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maple Gold Mines. 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 climb to about 5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Maple Gold fundamental ratios Correlations
Click cells to compare fundamentals
Maple Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maple Gold fundamental ratios Accounts
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Additional Tools for Maple Stock Analysis
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