| TM Stock | | | CAD 0.85 0.01 1.19% |
Trigon Metals financial indicator trend analysis is much more than just breaking down Trigon Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trigon Metals is a good investment. Please check the relationship between Trigon Metals Book Value Per Share and its Invested Capital accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Trigon Metals. 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.
Book Value Per Share vs Invested Capital
Book Value Per Share vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Trigon Metals Book Value Per Share account and
Invested Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Trigon Metals' Book Value Per Share and Invested Capital is -0.86. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Trigon Metals, assuming nothing else is changed. The correlation between historical values of Trigon Metals' Book Value Per Share and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Trigon Metals are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Book Value Per Share i.e., Trigon Metals' Book Value Per Share and Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Trigon Metals. There are two different methods for calculating Trigon Metals invested capital: operating approach and financing approach. Understanding Trigon Metals invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.
Most indicators from Trigon Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trigon Metals 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 Trigon Metals. 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.
At this time, Trigon Metals'
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 2,238 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.7
M in 2024.
Trigon Metals fundamental ratios Correlations
Click cells to compare fundamentals
Trigon Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trigon Metals fundamental ratios Accounts
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Additional Tools for Trigon Stock Analysis
When running Trigon Metals' price analysis, check to
measure Trigon Metals' 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 Trigon Metals is operating at the current time. Most of Trigon Metals' value examination focuses on studying past and present price action to
predict the probability of Trigon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigon Metals' price. Additionally, you may evaluate how the addition of Trigon Metals to your portfolios can decrease your overall portfolio volatility.