| PEX Stock | | | CAD 0.03 0.01 20.00% |
Pacific Ridge financial indicator trend analysis is much more than just breaking down Pacific Ridge Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pacific Ridge Exploration is a good investment. Please check the relationship between Pacific Ridge Net Working Capital and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Ridge Exploration. 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 Working Capital vs Cash
Net Working Capital vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pacific Ridge Exploration Net Working Capital account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pacific Ridge's Net Working Capital and Cash is 0.93. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash in the same time period over historical financial statements of Pacific Ridge Exploration, assuming nothing else is changed. The correlation between historical values of Pacific Ridge's Net Working Capital 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 Net Working Capital of Pacific Ridge Exploration 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 Net Working Capital i.e., Pacific Ridge's Net Working Capital and Cash go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Working Capital
Cash
Cash refers to the most liquid asset of Pacific Ridge Exploration, which is listed under current asset account on Pacific Ridge Exploration balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Pacific Ridge customers. The amounts must be unrestricted with restricted cash listed in a different Pacific Ridge 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 Pacific Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pacific Ridge Exploration 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 Pacific Ridge Exploration. 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.
At this time, Pacific Ridge's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 18.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 628
K in 2024.
Pacific Ridge fundamental ratios Correlations
Click cells to compare fundamentals
Pacific Ridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pacific Ridge fundamental ratios Accounts
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Additional Tools for Pacific Stock Analysis
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measure Pacific Ridge'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 Pacific Ridge is operating at the current time. Most of Pacific Ridge's value examination focuses on studying past and present price action to
predict the probability of Pacific Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Ridge's price. Additionally, you may evaluate how the addition of Pacific Ridge to your portfolios can decrease your overall portfolio volatility.