PERU Stock | | | CAD 0.03 0 8.70% |
Chakana Copper financial indicator trend analysis is way more than just evaluating Chakana Copper Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chakana Copper Corp is a good investment. Please check the relationship between Chakana Copper Short Term Investments and its Net Invested Capital accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Chakana Copper 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 employment.
Short Term Investments vs Net Invested Capital
Short Term Investments vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chakana Copper Corp Short Term Investments account and
Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chakana Copper's Short Term Investments and Net Invested Capital is 0.97. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Chakana Copper Corp, assuming nothing else is changed. The correlation between historical values of Chakana Copper's Short Term Investments and Net Invested 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 Chakana Copper Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Investments i.e., Chakana Copper's Short Term Investments and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Chakana Copper balance sheet. It contains any investments Chakana Copper Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Chakana Copper Corp can easily liquidate in the marketplace.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Chakana Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chakana Copper 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 Chakana Copper 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 employment.
At this time, Chakana Copper's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 3.4
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(6.55) in 2024.
Chakana Copper fundamental ratios Correlations
Click cells to compare fundamentals
Chakana Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chakana Copper fundamental ratios Accounts
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Additional Tools for Chakana Stock Analysis
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measure Chakana Copper'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 Chakana Copper is operating at the current time. Most of Chakana Copper's value examination focuses on studying past and present price action to
predict the probability of Chakana Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chakana Copper's price. Additionally, you may evaluate how the addition of Chakana Copper to your portfolios can decrease your overall portfolio volatility.