| PA Stock | | | CAD 0.12 0.01 7.69% |
Palamina Corp financial indicator trend analysis is much more than just breaking down Palamina Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palamina Corp is a good investment. Please check the relationship between Palamina Corp Net Invested Capital and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palamina 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.
Net Invested Capital vs Total Current Liabilities
Net Invested Capital vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palamina Corp Net Invested Capital account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Palamina Corp's Net Invested Capital and Total Current Liabilities is 0.51. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Palamina Corp, assuming nothing else is changed. The correlation between historical values of Palamina Corp's Net Invested Capital and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Palamina Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Invested Capital i.e., Palamina Corp's Net Invested Capital and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Total Current Liabilities
Total Current Liabilities is an item on Palamina Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Palamina Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Palamina Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palamina 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palamina 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.
Enterprise Value is likely to climb to about 4.9
M in 2024, whereas
Selling General Administrative is likely to drop 107.08 in 2024.
Palamina Corp fundamental ratios Correlations
Click cells to compare fundamentals
Palamina Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palamina Corp fundamental ratios Accounts
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Additional Tools for Palamina Stock Analysis
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