SKP Stock | | | CAD 0.16 0.07 30.43% |
Strikepoint Gold financial indicator trend analysis is much more than just breaking down Strikepoint Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Strikepoint Gold is a good investment. Please check the relationship between Strikepoint Gold Net Receivables and its Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Strikepoint Gold. 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 Receivables vs Inventory
Net Receivables vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Strikepoint Gold Net Receivables account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Strikepoint Gold's Net Receivables and Inventory is -0.26. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory in the same time period over historical financial statements of Strikepoint Gold, assuming nothing else is changed. The correlation between historical values of Strikepoint Gold's Net Receivables and Inventory 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 Receivables of Strikepoint Gold are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., Strikepoint Gold's Net Receivables and Inventory go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Inventory
Most indicators from Strikepoint Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Strikepoint Gold 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 Strikepoint Gold. 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, Strikepoint Gold's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 165.62 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Strikepoint Gold fundamental ratios Correlations
Click cells to compare fundamentals
Strikepoint Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Strikepoint Gold fundamental ratios Accounts
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Additional Tools for Strikepoint Stock Analysis
When running Strikepoint Gold's price analysis, check to
measure Strikepoint Gold'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 Strikepoint Gold is operating at the current time. Most of Strikepoint Gold's value examination focuses on studying past and present price action to
predict the probability of Strikepoint Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strikepoint Gold's price. Additionally, you may evaluate how the addition of Strikepoint Gold to your portfolios can decrease your overall portfolio volatility.