| 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 Retained Earnings and its Net Invested Capital 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.
Retained Earnings vs Net Invested Capital
Retained Earnings vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transition Metals Corp Retained Earnings account and
Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Transition Metals' Retained Earnings and Net Invested Capital is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital 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' Retained Earnings and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Transition Metals Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Transition Metals' Retained Earnings and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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
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