| YAK Stock | | | CAD 1.33 0.05 3.62% |
Mongolia Growth financial indicator trend analysis is infinitely more than just investigating Mongolia Growth Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mongolia Growth Group is a good investment. Please check the relationship between Mongolia Growth Cash and its Total Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mongolia Growth Group. 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.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mongolia Growth Group Cash account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mongolia Growth's Cash and Total Assets is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Mongolia Growth Group, assuming nothing else is changed. The correlation between historical values of Mongolia Growth's Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Mongolia Growth Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Mongolia Growth's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Mongolia Growth Group, which is listed under current asset account on Mongolia Growth Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Mongolia Growth customers. The amounts must be unrestricted with restricted cash listed in a different Mongolia Growth account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of Mongolia Growth assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mongolia Growth Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Mongolia Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mongolia Growth Group 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 Mongolia Growth Group. 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, Mongolia Growth's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 34
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 76
K in 2024.
Mongolia Growth fundamental ratios Correlations
Click cells to compare fundamentals
Mongolia Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mongolia Growth fundamental ratios Accounts
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Additional Tools for Mongolia Stock Analysis
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measure Mongolia Growth'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 Mongolia Growth is operating at the current time. Most of Mongolia Growth's value examination focuses on studying past and present price action to
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