| 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 Total Stockholder Equity and its Cash 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.
Total Stockholder Equity vs Cash
Total Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sun Summit Minerals Total Stockholder Equity account and
Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Sun Summit's Total Stockholder Equity and Cash is -0.74. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash 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 Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Sun Summit Minerals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Sun Summit's Total Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | -0.74 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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.
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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