| ZNX Stock | | | CAD 0.08 0.01 11.11% |
ZincX Resources financial indicator trend analysis is more than just analyzing ZincX Resources Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZincX Resources Corp is a good investment. Please check the relationship between ZincX Resources Cash and its Short Term Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZincX Resources 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.
Cash vs Short Term Investments
Cash vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZincX Resources Corp Cash account and
Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ZincX Resources' Cash and Short Term Investments is 0.83. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of ZincX Resources Corp, assuming nothing else is changed. The correlation between historical values of ZincX Resources' Cash and Short Term Investments 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 ZincX Resources Corp are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., ZincX Resources' Cash and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of ZincX Resources Corp, which is listed under current asset account on ZincX Resources Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ZincX Resources customers. The amounts must be unrestricted with restricted cash listed in a different ZincX Resources 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.
Short Term Investments
Short Term Investments is an item under the current assets section of ZincX Resources balance sheet. It contains any investments ZincX Resources Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that ZincX Resources Corp can easily liquidate in the marketplace.
Most indicators from ZincX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZincX Resources 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 ZincX Resources 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.
Tax Provision is likely to drop to about (24.1
K) in 2024.
Selling General Administrative is likely to drop to about 415.2
K in 2024
ZincX Resources fundamental ratios Correlations
Click cells to compare fundamentals
ZincX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZincX Resources fundamental ratios Accounts
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Additional Tools for ZincX Stock Analysis
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predict the probability of ZincX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZincX Resources' price. Additionally, you may evaluate how the addition of ZincX Resources to your portfolios can decrease your overall portfolio volatility.