| VGD Stock | | | CAD 0.07 0.01 12.50% |
Visible Gold financial indicator trend analysis is much more than just breaking down Visible Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Visible Gold Mines is a good investment. Please check the relationship between Visible Gold Change To Liabilities and its Capital Expenditures accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Visible 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.
Change To Liabilities vs Capital Expenditures
Change To Liabilities vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Visible Gold Mines Change To Liabilities account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Visible Gold's Change To Liabilities and Capital Expenditures is -0.45. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Visible Gold Mines, assuming nothing else is changed. The correlation between historical values of Visible Gold's Change To Liabilities and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Visible Gold Mines are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Liabilities i.e., Visible Gold's Change To Liabilities and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change To Liabilities
Capital Expenditures
Capital Expenditures are funds used by Visible Gold Mines to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Visible Gold operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Visible Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Visible 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 Visible 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.
At this time, Visible Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 260.8
K in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(3.68).
Visible Gold fundamental ratios Correlations
Click cells to compare fundamentals
Visible Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Visible Gold fundamental ratios Accounts
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Additional Tools for Visible Stock Analysis
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measure Visible 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 Visible Gold is operating at the current time. Most of Visible Gold's value examination focuses on studying past and present price action to
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