Volcanic Cash And Short Term Investments vs Non Currrent Assets Other Analysis
VG Stock | CAD 0.14 0.01 7.69% |
Volcanic Gold financial indicator trend analysis is much more than just breaking down Volcanic Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcanic Gold Mines is a good investment. Please check the relationship between Volcanic Gold Cash And Short Term Investments and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Cash And Short Term Investments vs Non Currrent Assets Other
Cash And Short Term Investments vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcanic Gold Mines Cash And Short Term Investments account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Volcanic Gold's Cash And Short Term Investments and Non Currrent Assets Other is -0.01. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Volcanic Gold Mines, assuming nothing else is changed. The correlation between historical values of Volcanic Gold's Cash And Short Term Investments and Non Currrent Assets Other 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 And Short Term Investments of Volcanic Gold Mines are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash And Short Term Investments i.e., Volcanic Gold's Cash And Short Term Investments and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Volcanic Gold Mines balance sheet. This account contains Volcanic Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Volcanic Gold Mines fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Volcanic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcanic Gold Mines 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Volcanic Gold's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 76.05 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (4.03) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 29.9K | 94.7K | 142.1K | 76.0K | Reconciled Depreciation | 29.5K | 44.9K | 48.1K | 50.5K |
Volcanic Gold fundamental ratios Correlations
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Volcanic Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Volcanic Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 232.0K | 11.9M | 8.6M | 5.9M | 3.7M | 2.9M | |
Total Current Liabilities | 131.0K | 216.7K | 253.1K | 265.4K | 234.3K | 196.9K | |
Total Stockholder Equity | 277.5K | 11.9M | 8.5M | 5.9M | 3.6M | 2.7M | |
Net Debt | (162.7K) | (11.7M) | (8.2M) | (5.6M) | (5.0M) | (4.8M) | |
Retained Earnings | (14.8M) | (15.9M) | (20.2M) | (22.7M) | (25.0M) | (23.7M) | |
Accounts Payable | 125.9K | 189.5K | 253.1K | 187.7K | 215.9K | 122.3K | |
Cash | 162.7K | 11.7M | 8.2M | 5.6M | 3.2M | 2.2M | |
Non Current Assets Total | 62.2K | 161.9K | 327.9K | 302.1K | 461.3K | 541.9K | |
Cash And Short Term Investments | 162.7K | 11.7M | 8.2M | 5.6M | 6.4M | 6.8M | |
Net Receivables | 3.9K | 15.3K | 14.7K | 18.5K | 19.4K | 13.9K | |
Common Stock Shares Outstanding | 8.0M | 20.3M | 44.7M | 45.5M | 45.6M | 47.8M | |
Liabilities And Stockholders Equity | 232.0K | 11.9M | 8.6M | 5.9M | 6.8M | 7.2M | |
Other Stockholder Equity | 1.3M | 3.1M | 3.6M | 2.0M | 2.3M | 4.3M | |
Total Liab | 131.0K | 216.7K | 253.1K | 265.4K | 234.3K | 200.7K | |
Total Current Assets | 169.8K | 11.8M | 8.3M | 5.6M | 3.2M | 2.3M | |
Property Plant And Equipment Net | 1.2K | 100.9K | 266.9K | 241.1K | 400.3K | 570.3K | |
Accumulated Other Comprehensive Income | 1.3M | 3.1M | 3.6M | 2.0M | 2.3M | 1.4M | |
Net Tangible Assets | (48.5K) | 277.5K | 11.9M | 8.5M | 9.8M | 10.3M | |
Common Stock | 13.7M | 24.7M | 25.1M | 26.6M | 30.6M | 32.1M | |
Property Plant Equipment | 1.2K | 100.9K | 266.9K | 241.1K | 217.0K | 206.1K | |
Other Current Assets | 3.2K | 41.8K | 53.8K | 28.3K | 32.5K | 23.7K | |
Net Invested Capital | 277.5K | 11.9M | 8.5M | 5.9M | 3.6M | 5.3M | |
Net Working Capital | 38.8K | 11.6M | 8.0M | 5.4M | 3.0M | 4.5M | |
Capital Stock | 13.7M | 24.7M | 25.1M | 26.6M | 30.6M | 23.8M |
Pair Trading with Volcanic Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Volcanic Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Volcanic Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Volcanic Stock
0.83 | RY-PS | Royal Bank | PairCorr |
0.76 | TD-PFI | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
0.72 | RY | Royal Bank | PairCorr |
0.67 | IE | Ivanhoe Energy | PairCorr |
0.59 | TD-PFM | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Volcanic Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Volcanic Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Volcanic Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Volcanic Gold Mines to buy it.
The correlation of Volcanic Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Volcanic Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcanic Gold Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Volcanic Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Volcanic Stock analysis
When running Volcanic Gold's price analysis, check to measure Volcanic Gold'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 Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to predict the probability of Volcanic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.
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