| RHI Stock | | | 4.40 0.02 0.46% |
Red Hill financial indicator trend analysis is much more than just breaking down Red Hill Iron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Hill Iron is a good investment. Please check the relationship between Red Hill Net Tangible Assets and its Total Liab accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Hill Iron. 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 Tangible Assets vs Total Liab
Net Tangible Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Hill Iron Net Tangible Assets account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Red Hill's Net Tangible Assets and Total Liab is 0.78. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Red Hill Iron, assuming nothing else is changed. The correlation between historical values of Red Hill's Net Tangible Assets and Total Liab 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 Tangible Assets of Red Hill Iron are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Tangible Assets i.e., Red Hill's Net Tangible Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Red Hill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Hill Iron 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 Red Hill Iron. 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, Red Hill's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 44
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1.7
M in 2024.
Red Hill fundamental ratios Correlations
Click cells to compare fundamentals
Red Hill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Hill fundamental ratios Accounts
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