| 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 Free Cash Flow and its Depreciation 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.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Visible Gold Mines Free Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Visible Gold's Free Cash Flow and Depreciation is 0.11. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation 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 Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Visible Gold Mines are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Visible Gold's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
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.
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
predict the probability of Visible 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 Visible Gold's price. Additionally, you may evaluate how the addition of Visible Gold to your portfolios can decrease your overall portfolio volatility.