The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Montero Mining Net Working Capital account and
Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Montero Mining's Net Working Capital and Short Term Debt is -0.19. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Montero Mining and, assuming nothing else is changed. The correlation between historical values of Montero Mining's Net Working Capital and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Montero Mining and are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Working Capital i.e., Montero Mining's Net Working Capital and Short Term Debt go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Most indicators from Montero Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Montero Mining 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 Montero Mining and. 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 497.7
K in 2024
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