| MUX Stock | | | USD 8.52 0.10 1.19% |
McEwen Mining financial indicator trend analysis is infinitely more than just investigating McEwen Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McEwen Mining is a good investment. Please check the relationship between McEwen Mining Accounts Payable and its Cash And Equivalents accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McEwen Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy McEwen Stock please use our
How to Invest in McEwen Mining guide.
Accounts Payable vs Cash And Equivalents
Accounts Payable vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
McEwen Mining Accounts Payable account and
Cash And Equivalents. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between McEwen Mining's Accounts Payable and Cash And Equivalents is -0.08. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of McEwen Mining, assuming nothing else is changed. The correlation between historical values of McEwen Mining's Accounts Payable and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of McEwen Mining are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Accounts Payable i.e., McEwen Mining's Accounts Payable and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents McEwen Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of McEwen Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Cash And Equivalents
Most indicators from McEwen Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McEwen 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 McEwen Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy McEwen Stock please use our
How to Invest in McEwen Mining guide.At this time, McEwen Mining's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 52.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 8.9
M in 2024.
McEwen Mining fundamental ratios Correlations
Click cells to compare fundamentals
McEwen Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
McEwen Mining fundamental ratios Accounts
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Additional Tools for McEwen Stock Analysis
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measure McEwen Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to
predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.