| 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 Property Plant Equipment and its Cash 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.
Property Plant Equipment vs Cash
Property Plant Equipment vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Peel Mining Property Plant Equipment account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Peel Mining's Property Plant Equipment and Cash is 0.6. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash 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 Property Plant Equipment 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 Property Plant Equipment of Peel 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 Property Plant Equipment i.e., Peel Mining's Property Plant Equipment and Cash go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Property Plant Equipment
Cash
Cash refers to the most liquid asset of Peel Mining, which is listed under current asset account on Peel Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Peel Mining customers. The amounts must be unrestricted with restricted cash listed in a different Peel 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 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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