| SOMA Stock | | | CAD 0.54 0.03 5.88% |
Soma Gold financial indicator trend analysis is much more than just breaking down Soma Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Soma Gold Corp is a good investment. Please check the relationship between Soma Gold Roe and its Roic accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Soma Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Roe vs Roic
Roe vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Soma Gold Corp Roe account and
Roic. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Soma Gold's Roe and Roic is -0.39. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Roic in the same time period over historical financial statements of Soma Gold Corp, assuming nothing else is changed. The correlation between historical values of Soma Gold's Roe and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Soma Gold Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Roe i.e., Soma Gold's Roe and Roic go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Roe
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Soma Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Soma Gold Corp 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 Soma Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Soma Gold's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 3.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 6.1
M in 2024.
Soma Gold fundamental ratios Correlations
Click cells to compare fundamentals
Soma Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Soma Gold fundamental ratios Accounts
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Additional Tools for Soma Stock Analysis
When running Soma Gold's price analysis, check to
measure Soma 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 Soma Gold is operating at the current time. Most of Soma Gold's value examination focuses on studying past and present price action to
predict the probability of Soma 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 Soma Gold's price. Additionally, you may evaluate how the addition of Soma Gold to your portfolios can decrease your overall portfolio volatility.