| 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 Short Term Investments and its Net Working Capital 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.
Short Term Investments vs Net Working Capital
Short Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palamina Corp Short Term Investments account and
Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Palamina Corp's Short Term Investments and Net Working Capital is -0.3. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Working Capital 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 Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Palamina Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Investments i.e., Palamina Corp's Short Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Palamina Corp balance sheet. It contains any investments Palamina Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Palamina Corp can easily liquidate in the marketplace.
Net Working Capital
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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predict the probability of Palamina Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palamina Corp's price. Additionally, you may evaluate how the addition of Palamina Corp to your portfolios can decrease your overall portfolio volatility.