| 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 Retained Earnings and its Other Current Assets 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.
Retained Earnings vs Other Current Assets
Retained Earnings vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Metals Exploration Plc Retained Earnings account and
Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Metals Exploration's Retained Earnings and Other Current Assets is -0.19. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets 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 Retained Earnings and Other Current 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 Retained Earnings of Metals Exploration Plc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Retained Earnings i.e., Metals Exploration's Retained Earnings and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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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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.