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 Intangible Assets and its Cash And Short Term Investments 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.
Intangible Assets vs Cash And Short Term Investments
Intangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sun Summit Minerals Intangible Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sun Summit's Intangible Assets and Cash And Short Term Investments is -0.16. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments 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 Intangible Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Sun Summit Minerals are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Intangible Assets i.e., Sun Summit's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sun Summit Minerals balance sheet. This account contains Sun Summit investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sun Summit Minerals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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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