| PEX Stock | | | 0.12 0.00 0.00% |
Peel Mining financial indicator trend analysis is much more than just breaking down Peel Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Peel Mining is a good investment. Please check the relationship between Peel Mining Other Assets and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Peel 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 board of governors.
Other Assets vs Cash And Short Term Investments
Other Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Peel Mining Other Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Peel Mining's Other Assets and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Peel Mining, assuming nothing else is changed. The correlation between historical values of Peel Mining's Other Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Peel Mining are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Assets i.e., Peel Mining's Other Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Assets
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Peel Mining balance sheet. This account contains Peel Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Peel Mining fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Peel Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Peel 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 Peel 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 board of governors.
Selling General Administrative is likely to gain to about 1.4
M in 2024, despite the fact that
Tax Provision is likely to grow to (1.3
M).
Peel Mining fundamental ratios Correlations
Click cells to compare fundamentals
Peel Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Peel Mining fundamental ratios Accounts
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Additional Tools for Peel Stock Analysis
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measure Peel 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 Peel Mining is operating at the current time. Most of Peel Mining's value examination focuses on studying past and present price action to
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