| VG Stock | | | CAD 0.05 0.01 16.67% |
Volcanic Gold financial indicator trend analysis is much more than just breaking down Volcanic Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcanic Gold Mines is a good investment. Please check the relationship between Volcanic Gold Net Invested Capital and its Cash And Short Term Investments accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. 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.
Net Invested Capital vs Cash And Short Term Investments
Net Invested Capital vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Volcanic Gold Mines Net Invested Capital account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Volcanic Gold's Net Invested Capital and Cash And Short Term Investments is 0.92. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Volcanic Gold Mines, assuming nothing else is changed. The correlation between historical values of Volcanic Gold's Net Invested Capital and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Volcanic Gold Mines are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Invested Capital i.e., Volcanic Gold's Net Invested Capital and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Volcanic Gold Mines balance sheet. This account contains Volcanic Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Volcanic Gold Mines fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Volcanic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcanic Gold Mines 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 Volcanic Gold Mines. 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.
Sales General And Administrative To Revenue is likely to climb to 76.05 in 2024, whereas
Selling General Administrative is likely to drop slightly above 267.4
K in 2024.
Volcanic Gold fundamental ratios Correlations
Click cells to compare fundamentals
Volcanic Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Volcanic Gold fundamental ratios Accounts
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Additional Tools for Volcanic Stock Analysis
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measure Volcanic 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 Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to
predict the probability of Volcanic 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 Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.