| SPA Stock | | | CAD 0.11 0.01 8.33% |
Spanish Mountain financial indicator trend analysis is much more than just breaking down Spanish Mountain Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spanish Mountain Gold is a good investment. Please check the relationship between Spanish Mountain Short Term Investments and its Other Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spanish Mountain 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.
Short Term Investments vs Other Current Assets
Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spanish Mountain Gold Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Spanish Mountain's Short Term Investments and Other Current Assets is 0.6. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Spanish Mountain Gold, assuming nothing else is changed. The correlation between historical values of Spanish Mountain's Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Spanish Mountain Gold are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Investments i.e., Spanish Mountain's Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Spanish Mountain balance sheet. It contains any investments Spanish Mountain Gold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Spanish Mountain Gold can easily liquidate in the marketplace.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Spanish Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spanish Mountain 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 Spanish Mountain 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.
Selling General Administrative is likely to drop to about 1
M in 2024.
Tax Provision is likely to drop to about (215.1
K) in 2024
Spanish Mountain fundamental ratios Correlations
Click cells to compare fundamentals
Spanish Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spanish Mountain fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Spanish Stock Analysis
When running Spanish Mountain's price analysis, check to
measure Spanish Mountain'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 Spanish Mountain is operating at the current time. Most of Spanish Mountain's value examination focuses on studying past and present price action to
predict the probability of Spanish Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spanish Mountain's price. Additionally, you may evaluate how the addition of Spanish Mountain to your portfolios can decrease your overall portfolio volatility.