| MTL Stock | | | 5.85 0.10 1.74% |
Metals Exploration financial indicator trend analysis is infinitely more than just investigating Metals Exploration Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metals Exploration Plc is a good investment. Please check the relationship between Metals Exploration Cash And Short Term Investments and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metals Exploration Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Metals Exploration Plc Cash And Short Term Investments account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Metals Exploration's Cash And Short Term Investments and Net Debt is -0.78. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Metals Exploration Plc, assuming nothing else is changed. The correlation between historical values of Metals Exploration's Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Metals Exploration Plc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Metals Exploration's Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.78 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Metals Exploration Plc balance sheet. This account contains Metals Exploration investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Metals Exploration Plc 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 Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Metals Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metals Exploration Plc 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 Metals Exploration Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At present, Metals Exploration's
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Metals Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Metals Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Metals Exploration fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Metals Stock
Balance Sheet is a snapshot of the
financial position of Metals Exploration Plc at a specified time, usually calculated after every quarter, six months, or one year. Metals Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Metals Exploration and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Metals currently owns. An asset can also be divided into two categories, current and non-current.