| SMN Stock | | | CAD 0.14 0.01 6.67% |
Sun Summit financial indicator trend analysis is much more than just breaking down Sun Summit Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Summit Minerals is a good investment. Please check the relationship between Sun Summit Cash and its Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Summit Minerals. 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.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sun Summit Minerals Cash account and
Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Sun Summit's Cash and Inventory is -0.77. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Sun Summit Minerals, assuming nothing else is changed. The correlation between historical values of Sun Summit's Cash 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 Cash of Sun Summit Minerals 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 Cash i.e., Sun Summit's Cash and Inventory go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Sun Summit Minerals, which is listed under current asset account on Sun Summit Minerals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sun Summit customers. The amounts must be unrestricted with restricted cash listed in a different Sun Summit 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.
Inventory
Most indicators from Sun Summit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Summit Minerals 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 Sun Summit Minerals. 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 climb to about 971.5
K in 2024.
Issuance Of Capital Stock is likely to climb to about 3.4
M in 2024
Sun Summit fundamental ratios Correlations
Click cells to compare fundamentals
Sun Summit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sun Summit fundamental ratios Accounts
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