Scandium Change To Liabilities vs Change To Operating Activities Analysis
SCY Stock | CAD 0.01 0.01 25.00% |
Scandium Interna financial indicator trend analysis is much more than just breaking down Scandium Interna prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scandium Interna is a good investment. Please check the relationship between Scandium Interna Change To Liabilities and its Change To Operating Activities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scandium Interna. 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.
Change To Liabilities vs Change To Operating Activities
Change To Liabilities vs Change To Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Scandium Interna Change To Liabilities account and Change To Operating Activities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Scandium Interna's Change To Liabilities and Change To Operating Activities is -0.35. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Scandium Interna, assuming nothing else is changed. The correlation between historical values of Scandium Interna's Change To Liabilities and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Scandium Interna are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Liabilities i.e., Scandium Interna's Change To Liabilities and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Liabilities
Change To Operating Activities
Most indicators from Scandium Interna's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scandium Interna 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Scandium Interna. 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. As of the 29th of November 2024, Selling General Administrative is likely to drop to about 170.4 K. Issuance Of Capital Stock is expected to grow at the current pace this year
Scandium Interna fundamental ratios Correlations
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Scandium Interna Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scandium Interna fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 883.8K | 932.9K | 847.4K | 2.6M | 1.8M | 1.7M | |
Total Current Liabilities | 538.2K | 1.2M | 1.7M | 1.5M | 349.3K | 331.8K | |
Total Stockholder Equity | 345.6K | (221.5K) | (880.3K) | 1.1M | 1.4M | 1.4M | |
Property Plant And Equipment Net | 711.0K | 708.7K | 707.0K | 704.1K | 633.6K | 602.0K | |
Net Debt | (115.6K) | (170.3K) | (93.9K) | (1.9M) | (1.0M) | (970.9K) | |
Retained Earnings | (112.8M) | (114.2M) | (115.8M) | (115.0M) | (114.9M) | (120.7M) | |
Accounts Payable | 269.1K | 451.9K | 568.0K | 127.3K | 60.8K | 57.7K | |
Cash | 115.6K | 170.3K | 93.9K | 1.9M | 1.0M | 1.9M | |
Non Current Assets Total | 722.5K | 720.2K | 718.4K | 714.8K | 715.1K | 679.3K | |
Cash And Short Term Investments | 115.6K | 170.3K | 93.9K | 1.9M | 1.0M | 2.0M | |
Net Receivables | 45.8K | 42.4K | 35.0K | 33.5K | 40.2K | 38.2K | |
Common Stock Shares Outstanding | 310.6M | 312.6M | 316.2M | 340.4M | 355.9M | 227.6M | |
Liabilities And Stockholders Equity | 883.8K | 932.9K | 847.4K | 2.6M | 1.8M | 1.7M | |
Inventory | (45.76) | (42.43) | (35.04) | (33.54) | (40.21) | (38.2) | |
Other Current Assets | 45.8K | 42.4K | 35.0K | 33.54 | 40.21 | 38.2 | |
Other Stockholder Equity | 4.7M | 5.2M | 5.6M | 5.8M | 6.0M | 5.7M | |
Total Liab | 538.2K | 1.2M | 1.7M | 1.5M | 349.3K | 331.8K | |
Property Plant And Equipment Gross | 711.0K | 708.7K | 707.0K | 704.1K | 633.6K | 602.0K | |
Total Current Assets | 161.3K | 212.7K | 128.9K | 1.9M | 1.1M | 1.0M | |
Common Stock | 109.4M | 109.6M | 110.1M | 111.1M | 127.8M | 87.0M | |
Net Tangible Assets | 345.6K | (221.5K) | (880.3K) | 1.1M | 984.0K | 859.9K | |
Property Plant Equipment | 711.0K | 708.7K | 707.0K | 704.1K | 633.6K | 793.0K | |
Common Stock Total Equity | 106.5M | 108.2M | 109.4M | 109.6M | 126.1M | 112.9M | |
Capital Surpluse | 5.9M | 6.5M | 6.9M | 7.0M | 8.1M | 6.9M | |
Net Invested Capital | 345.6K | (221.5K) | (880.3K) | 1.1M | 1.4M | 1.5M | |
Net Working Capital | (376.9K) | (941.7K) | (1.6M) | 378.5K | 712.9K | 748.6K | |
Capital Stock | 109.4M | 109.6M | 110.1M | 111.1M | 127.8M | 120.9M |
Pair Trading with Scandium Interna
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Scandium Interna position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Scandium Interna will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Scandium Interna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandium Interna when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Scandium Interna - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Scandium Interna to buy it.
The correlation of Scandium Interna is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scandium Interna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandium Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Scandium Interna can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Scandium Stock
Balance Sheet is a snapshot of the financial position of Scandium Interna at a specified time, usually calculated after every quarter, six months, or one year. Scandium Interna Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Scandium Interna and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Scandium currently owns. An asset can also be divided into two categories, current and non-current.