TK Stock | | | CAD 0.1 0.01 5.00% |
Tinka Resources financial indicator trend analysis is much more than just breaking down Tinka Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tinka Resources is a good investment. Please check the relationship between Tinka Resources Deferred Long Term Liab and its Capital Stock accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tinka Resources Limited. 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.
Deferred Long Term Liab vs Capital Stock
Deferred Long Term Liab vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tinka Resources Deferred Long Term Liab account and
Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tinka Resources' Deferred Long Term Liab and Capital Stock is -0.48. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Tinka Resources Limited, assuming nothing else is changed. The correlation between historical values of Tinka Resources' Deferred Long Term Liab and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Tinka Resources Limited are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Deferred Long Term Liab i.e., Tinka Resources' Deferred Long Term Liab and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Tinka Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tinka Resources 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 Tinka Resources Limited. 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 2.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 8.2
M in 2024.
Tinka Resources fundamental ratios Correlations
Click cells to compare fundamentals
Tinka Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tinka Resources fundamental ratios Accounts
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Additional Tools for Tinka Stock Analysis
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measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to
predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.