| 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 Other Operating Expenses and its Cost Of Revenue 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.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maple Gold Mines Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Maple Gold's Other Operating Expenses and Cost Of Revenue is 0.49. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue 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 Other Operating Expenses and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Maple Gold Mines are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Other Operating Expenses i.e., Maple Gold's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Maple Gold Mines. It is also known as Maple Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Cost Of Revenue
Cost of Revenue is found on Maple Gold Mines income statement and represents the costs associated with goods and services Maple Gold provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
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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