| 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 Receivables and its Non Currrent Assets Other 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 Receivables vs Non Currrent Assets Other
Net Receivables vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Volcanic Gold Mines Net Receivables account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Volcanic Gold's Net Receivables and Non Currrent Assets Other is -0.2. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other 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 Receivables and Non Currrent Assets Other 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 Receivables of Volcanic Gold Mines are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Volcanic Gold's Net Receivables and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Receivables
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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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