| XTM Stock | | | CAD 0.06 0.01 21.43% |
Transition Metals financial indicator trend analysis is much more than just breaking down Transition Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transition Metals Corp is a good investment. Please check the relationship between Transition Metals Property Plant And Equipment Net and its Capital Stock accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Transition Metals Corp. 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.
Property Plant And Equipment Net vs Capital Stock
Property Plant And Equipment Net vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transition Metals Corp Property Plant And Equipment Net account and
Capital Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Transition Metals' Property Plant And Equipment Net and Capital Stock is -0.9. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Transition Metals Corp, assuming nothing else is changed. The correlation between historical values of Transition Metals' Property Plant And Equipment Net and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Transition Metals Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Property Plant And Equipment Net i.e., Transition Metals' Property Plant And Equipment Net and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.9 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Transition Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transition Metals Corp 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Transition Metals Corp. 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, Transition Metals'
Discontinued Operations is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 131.78 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 594.4
K in 2024.
Transition Metals fundamental ratios Correlations
Click cells to compare fundamentals
Transition Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transition Metals fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Transition Stock Analysis
When running Transition Metals' price analysis, check to
measure Transition Metals' 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 Transition Metals is operating at the current time. Most of Transition Metals' value examination focuses on studying past and present price action to
predict the probability of Transition Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transition Metals' price. Additionally, you may evaluate how the addition of Transition Metals to your portfolios can decrease your overall portfolio volatility.