The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZincX Resources Corp Net Working Capital account and
Common Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between ZincX Resources' Net Working Capital and Common Stock is -0.76. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Common Stock 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' Net Working Capital and Common 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 Net Working Capital of ZincX Resources Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Working Capital i.e., ZincX Resources' Net Working Capital and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.76 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.
Selling General Administrative is likely to climb to about 1.1
M in 2025, whereas
Tax Provision is likely to drop (24.1
K) in 2025.
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