| SWA Stock | | | CAD 0.03 0.01 16.67% |
Sarama Resource financial indicator trend analysis is much more than just breaking down Sarama Resource prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sarama Resource is a good investment. Please check the relationship between Sarama Resource Other Current Assets and its Retained Earnings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sarama Resource. 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.
Other Current Assets vs Retained Earnings
Other Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sarama Resource Other Current Assets account and
Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between Sarama Resource's Other Current Assets and Retained Earnings is 0.09. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Sarama Resource, assuming nothing else is changed. The correlation between historical values of Sarama Resource's Other Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Sarama Resource are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Current Assets i.e., Sarama Resource's Other Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.09 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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.
Most indicators from Sarama Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sarama Resource 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 Sarama Resource. 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.
At this time, Sarama Resource's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 2.4
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(3.08).
Sarama Resource fundamental ratios Correlations
Click cells to compare fundamentals
Sarama Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sarama Resource fundamental ratios Accounts
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Additional Tools for Sarama Stock Analysis
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