Volcanic Net Receivables vs Capital Stock 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 Net Receivables and its Capital Stock 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.

Net Receivables vs Capital Stock

Net Receivables vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcanic Gold Mines Net Receivables account and Capital Stock. At this time, the significance of the direction appears to have very week relationship.

The correlation between Volcanic Gold's Net Receivables and Capital Stock is 0.22. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Stock 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 Net Receivables and Capital 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 Receivables of Volcanic Gold Mines are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Receivables i.e., Volcanic Gold's Net Receivables and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

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

Net Interest Income Reconciled Depreciation

Volcanic Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Net Tangible Assets	Common Stock	Property Plant Equipment	Other Assets	Other Current Assets	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Gross
Total Assets		0.6	0.25	1.0	-0.96	-0.56	0.68	0.98	0.1	0.92	0.2	0.6	-0.01	0.25	0.98	-0.3	-0.02	0.84	0.67	-0.33	-0.04	0.87	0.92	0.96	0.72	0.48
Other Current Liab	0.6		0.39	0.61	-0.73	-0.95	0.6	0.6	-0.04	0.8	0.03	0.94	-0.14	0.39	0.61	-0.27	-0.13	0.87	0.96	-0.37	-0.64	0.8	0.47	0.62	0.9	0.86
Total Current Liabilities	0.25	0.39		0.24	-0.26	-0.49	0.46	0.25	-0.03	0.26	0.24	0.33	-0.03	1.0	0.25	-0.2	-0.34	0.24	0.37	-0.27	-0.05	0.31	0.05	0.18	0.3	0.28
Total Stockholder Equity	1.0	0.61	0.24		-0.97	-0.56	0.69	0.99	0.06	0.92	0.2	0.6	-0.05	0.23	0.99	-0.32	-0.01	0.84	0.68	-0.35	-0.04	0.88	0.92	0.97	0.73	0.49
Net Debt	-0.96	-0.73	-0.26	-0.97		0.66	-0.71	-0.98	0.09	-0.99	-0.17	-0.72	0.18	-0.26	-0.98	0.38	0.02	-0.92	-0.79	0.42	0.24	-0.94	-0.91	-0.98	-0.84	-0.62
Retained Earnings	-0.56	-0.95	-0.49	-0.56	0.66		-0.74	-0.55	-0.02	-0.72	-0.12	-0.91	0.18	-0.49	-0.55	0.4	0.11	-0.81	-0.96	0.5	0.56	-0.76	-0.33	-0.53	-0.85	-0.83
Accounts Payable	0.68	0.6	0.46	0.69	-0.71	-0.74		0.68	0.02	0.71	0.52	0.71	-0.27	0.47	0.68	-0.57	-0.12	0.7	0.73	-0.65	-0.18	0.8	0.47	0.62	0.75	0.69
Cash	0.98	0.6	0.25	0.99	-0.98	-0.55	0.68		-0.1	0.93	0.15	0.6	-0.17	0.25	1.0	-0.35	-0.02	0.83	0.67	-0.37	-0.02	0.9	0.92	0.98	0.74	0.49
Non Current Assets Total	0.1	-0.04	-0.03	0.06	0.09	-0.02	0.02	-0.1		-0.08	0.23	-0.06	0.81	-0.02	-0.09	0.28	0.01	0.04	0.01	0.24	-0.03	-0.14	-0.04	-0.11	-0.11	-0.06
Cash And Short Term Investments	0.92	0.8	0.26	0.92	-0.99	-0.72	0.71	0.93	-0.08		0.18	0.79	-0.19	0.26	0.93	-0.38	-0.01	0.96	0.85	-0.44	-0.38	0.94	0.87	0.95	0.88	0.69
Net Receivables	0.2	0.03	0.24	0.2	-0.17	-0.12	0.52	0.15	0.23	0.18		0.17	-0.03	0.26	0.16	-0.26	-0.2	0.2	0.15	-0.35	-0.09	0.17	0.15	0.15	0.22	0.21
Common Stock Shares Outstanding	0.6	0.94	0.33	0.6	-0.72	-0.91	0.71	0.6	-0.06	0.79	0.17		-0.25	0.33	0.61	-0.4	-0.01	0.88	0.95	-0.48	-0.61	0.85	0.49	0.63	0.94	0.93
Other Stockholder Equity	-0.01	-0.14	-0.03	-0.05	0.18	0.18	-0.27	-0.17	0.81	-0.19	-0.03	-0.25		-0.03	-0.16	0.74	-0.31	-0.14	-0.22	0.69	0.07	-0.28	-0.03	-0.17	-0.31	-0.28
Total Liab	0.25	0.39	1.0	0.23	-0.26	-0.49	0.47	0.25	-0.02	0.26	0.26	0.33	-0.03		0.25	-0.2	-0.34	0.24	0.37	-0.28	-0.06	0.31	0.05	0.18	0.3	0.28
Total Current Assets	0.98	0.61	0.25	0.99	-0.98	-0.55	0.68	1.0	-0.09	0.93	0.16	0.61	-0.16	0.25		-0.35	-0.02	0.83	0.67	-0.37	-0.02	0.9	0.92	0.98	0.74	0.49
Property Plant And Equipment Net	-0.3	-0.27	-0.2	-0.32	0.38	0.4	-0.57	-0.35	0.28	-0.38	-0.26	-0.4	0.74	-0.2	-0.35		-0.35	-0.38	-0.45	0.98	0.16	-0.45	-0.17	-0.34	-0.43	-0.36
Non Currrent Assets Other	-0.02	-0.13	-0.34	-0.01	0.02	0.11	-0.12	-0.02	0.01	-0.01	-0.2	-0.01	-0.31	-0.34	-0.02	-0.35		0.03	0.02	-0.2	-0.01	0.0	0.0	0.0	-0.01	-0.01
Net Tangible Assets	0.84	0.87	0.24	0.84	-0.92	-0.81	0.7	0.83	0.04	0.96	0.2	0.88	-0.14	0.24	0.83	-0.38	0.03		0.93	-0.45	-0.54	0.9	0.77	0.86	0.94	0.81
Common Stock	0.67	0.96	0.37	0.68	-0.79	-0.96	0.73	0.67	0.01	0.85	0.15	0.95	-0.22	0.37	0.67	-0.45	0.02	0.93		-0.53	-0.63	0.85	0.51	0.68	0.93	0.86
Property Plant Equipment	-0.33	-0.37	-0.27	-0.35	0.42	0.5	-0.65	-0.37	0.24	-0.44	-0.35	-0.48	0.69	-0.28	-0.37	0.98	-0.2	-0.45	-0.53		0.26	-0.5	-0.19	-0.37	-0.5	-0.43
Other Assets	-0.04	-0.64	-0.05	-0.04	0.24	0.56	-0.18	-0.02	-0.03	-0.38	-0.09	-0.61	0.07	-0.06	-0.02	0.16	-0.01	-0.54	-0.63	0.26		-0.29	-0.08	-0.15	-0.5	-0.59
Other Current Assets	0.87	0.8	0.31	0.88	-0.94	-0.76	0.8	0.9	-0.14	0.94	0.17	0.85	-0.28	0.31	0.9	-0.45	0.0	0.9	0.85	-0.5	-0.29		0.79	0.89	0.9	0.78
Net Invested Capital	0.92	0.47	0.05	0.92	-0.91	-0.33	0.47	0.92	-0.04	0.87	0.15	0.49	-0.03	0.05	0.92	-0.17	0.0	0.77	0.51	-0.19	-0.08	0.79		0.96	0.62	0.38
Net Working Capital	0.96	0.62	0.18	0.97	-0.98	-0.53	0.62	0.98	-0.11	0.95	0.15	0.63	-0.17	0.18	0.98	-0.34	0.0	0.86	0.68	-0.37	-0.15	0.89	0.96		0.74	0.49
Capital Stock	0.72	0.9	0.3	0.73	-0.84	-0.85	0.75	0.74	-0.11	0.88	0.22	0.94	-0.31	0.3	0.74	-0.43	-0.01	0.94	0.93	-0.5	-0.5	0.9	0.62	0.74		0.94
Property Plant And Equipment Gross	0.48	0.86	0.28	0.49	-0.62	-0.83	0.69	0.49	-0.06	0.69	0.21	0.93	-0.28	0.28	0.49	-0.36	-0.01	0.81	0.86	-0.43	-0.59	0.78	0.38	0.49	0.94

Click cells to compare fundamentals

Volcanic Gold Account Relationship Matchups

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	Pair Corr
0.76	TD-PFI	Toronto Dominion Bank Earnings Call Tomorrow	Pair Corr
0.72	RY	Royal Bank	Pair Corr
0.67	IE	Ivanhoe Energy	Pair Corr
0.59	TD-PFM	Toronto Dominion Bank Earnings Call Tomorrow	Pair Corr

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.

Pair Correlation Correlation Matching

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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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Please note, there is a significant difference between Volcanic Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volcanic Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volcanic Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Volcanic Net Receivables vs Capital Stock Analysis

Net Receivables vs Capital Stock

Net Receivables vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Capital Stock

Volcanic Gold fundamental ratios Correlations

Volcanic Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Volcanic Gold fundamental ratios Accounts

Pair Trading with Volcanic Gold

Moving against Volcanic Stock

Complementary Tools for Volcanic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Cash
Cash	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Cash	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Net Working Capital	- 0.98	Net Debt
Total Current Assets	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.97	Total Stockholder Equity
Common Stock	- 0.96	Retained Earnings