Volcanic Retained Earnings vs Net Working Capital Analysis
VG Stock | CAD 0.12 0.02 14.29% |
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 Retained Earnings and its Net Working Capital 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.
Retained Earnings vs Net Working Capital
Retained Earnings vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcanic Gold Mines Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Volcanic Gold's Retained Earnings and Net Working Capital is -0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital 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 Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Volcanic Gold Mines are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., Volcanic Gold's Retained Earnings and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Working Capital
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
Click cells to compare fundamentals
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Volcanic Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Volcanic Gold's short interest history, or implied volatility extrapolated from Volcanic Gold options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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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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