| NRM Stock | | | CAD 0.13 0.01 8.33% |
Noram Lithium financial indicator trend analysis is infinitely more than just investigating Noram Lithium Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noram Lithium Corp is a good investment. Please check the relationship between Noram Lithium Property Plant And Equipment Net and its Non Currrent Assets Other accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noram Lithium Corp. 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.
Property Plant And Equipment Net vs Non Currrent Assets Other
Property Plant And Equipment Net vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Noram Lithium Corp Property Plant And Equipment Net account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Noram Lithium's Property Plant And Equipment Net and Non Currrent Assets Other is -0.47. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Noram Lithium Corp, assuming nothing else is changed. The correlation between historical values of Noram Lithium's Property Plant And Equipment Net and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Noram Lithium Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Property Plant And Equipment Net i.e., Noram Lithium's Property Plant And Equipment Net and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Noram Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noram Lithium Corp 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 Noram Lithium Corp. 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 5.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Noram Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Noram Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Noram Lithium fundamental ratios Accounts
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