OD6 Total Current Assets vs Cash And Equivalents Analysis
| OD6 Stock | 0.03 0 8.57% |
OD6 Metals financial indicator trend analysis is much more than just breaking down OD6 Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OD6 Metals is a good investment. Please check the relationship between OD6 Metals Total Current Assets and its Cash And Equivalents accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OD6 Metals. 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.
Total Current Assets vs Cash And Equivalents
Total Current Assets vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OD6 Metals Total Current Assets account and Cash And Equivalents. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between OD6 Metals' Total Current Assets and Cash And Equivalents is -0.43. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of OD6 Metals, assuming nothing else is changed. The correlation between historical values of OD6 Metals' Total Current Assets 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 Total Current Assets of OD6 Metals 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 Total Current Assets i.e., OD6 Metals' Total Current Assets and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash And Equivalents
Most indicators from OD6 Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OD6 Metals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OD6 Metals. 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 gain to about 541.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 7.9 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 459.0 | 125.7K | 144.6K | 151.8K | Net Interest Income | 459.0 | 125.7K | 144.6K | 151.8K |
OD6 Metals fundamental ratios Correlations
Click cells to compare fundamentals
OD6 Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for OD6 Stock Analysis
When running OD6 Metals' price analysis, check to measure OD6 Metals' 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 OD6 Metals is operating at the current time. Most of OD6 Metals' value examination focuses on studying past and present price action to predict the probability of OD6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OD6 Metals' price. Additionally, you may evaluate how the addition of OD6 Metals to your portfolios can decrease your overall portfolio volatility.