| 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 Depreciation and its Other Non Cash Items 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.
Depreciation vs Other Non Cash Items
Depreciation vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Visible Gold Mines Depreciation account and
Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Visible Gold's Depreciation and Other Non Cash Items is -0.22. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items 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 Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Visible Gold Mines are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Visible Gold's Depreciation and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.22 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Visible Gold Mines value has been used up. For tax purposes Visible Gold can deduct the cost of the tangible assets it purchases as business expenses. However, Visible Gold Mines must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Other Non Cash Items
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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