Volcanic Total Current Liabilities vs Accounts Payable 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 Total Current Liabilities and its Accounts Payable 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.
Total Current Liabilities vs Accounts Payable
Total Current Liabilities vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcanic Gold Mines Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Volcanic Gold's Total Current Liabilities and Accounts Payable is 0.46. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable 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 Total Current Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Volcanic Gold Mines are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Liabilities i.e., Volcanic Gold's Total Current Liabilities and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Volcanic Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Volcanic Gold Mines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Volcanic Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Volcanic Gold Mines are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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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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