| OIII Stock | | | CAD 1.07 0.03 2.88% |
O3 Mining financial indicator trend analysis is much more than just breaking down O3 Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether O3 Mining is a good investment. Please check the relationship between O3 Mining Common Stock Shares Outstanding and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in O3 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 gross domestic product.
Common Stock Shares Outstanding vs Cash
Common Stock Shares Outstanding vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
O3 Mining Common Stock Shares Outstanding account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between O3 Mining's Common Stock Shares Outstanding and Cash is 0.91. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash in the same time period over historical financial statements of O3 Mining, assuming nothing else is changed. The correlation between historical values of O3 Mining's Common Stock Shares Outstanding and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of O3 Mining are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Shares Outstanding i.e., O3 Mining's Common Stock Shares Outstanding and Cash go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Cash
Cash refers to the most liquid asset of O3 Mining, which is listed under current asset account on O3 Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from O3 Mining customers. The amounts must be unrestricted with restricted cash listed in a different O3 Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from O3 Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into O3 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in O3 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 gross domestic product.
At this time, O3 Mining's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 24.7
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(14.56) in 2024.
O3 Mining fundamental ratios Correlations
Click cells to compare fundamentals
O3 Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
O3 Mining fundamental ratios Accounts
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Additional Tools for OIII Stock Analysis
When running O3 Mining's price analysis, check to
measure O3 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 O3 Mining is operating at the current time. Most of O3 Mining's value examination focuses on studying past and present price action to
predict the probability of O3 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 O3 Mining's price. Additionally, you may evaluate how the addition of O3 Mining to your portfolios can decrease your overall portfolio volatility.