Arctic Common Stock vs Inventory Analysis

ADD Stock  CAD 0.01  0.01  25.00%   
Arctic Star financial indicator trend analysis is way more than just evaluating Arctic Star Exploration prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arctic Star Exploration is a good investment. Please check the relationship between Arctic Star Common Stock and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arctic Star Exploration. 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.

Common Stock vs Inventory

Common Stock vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arctic Star Exploration Common Stock account and Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Arctic Star's Common Stock and Inventory is 0.83. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of Arctic Star Exploration, assuming nothing else is changed. The correlation between historical values of Arctic Star's Common Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Arctic Star Exploration are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., Arctic Star's Common Stock and Inventory go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock

Inventory

Most indicators from Arctic Star's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arctic Star Exploration 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Arctic Star Exploration. 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.
Selling General Administrative is likely to climb to about 1.6 M in 2024, whereas Discontinued Operations is likely to drop (51.9 K) in 2024.
 2021 2023 2024 (projected)
Reconciled Depreciation807.0542.0514.9
Minority Interest176.9K159.2K174.9K

Arctic Star fundamental ratios Correlations

-0.360.551.00.98-0.09-0.740.370.050.99-0.530.050.710.84-0.530.550.530.650.270.43-0.360.94-0.810.80.93-0.45
-0.36-0.09-0.37-0.320.250.870.34-0.16-0.34-0.06-0.16-0.24-0.2-0.2-0.01-0.32-0.27-0.16-0.31.0-0.220.41-0.37-0.250.35
0.55-0.090.480.58-0.09-0.430.680.080.55-0.680.080.370.35-0.740.980.280.690.20.85-0.090.56-0.750.790.68-0.67
1.0-0.370.480.97-0.09-0.730.320.050.99-0.480.050.720.85-0.470.470.540.610.260.36-0.370.93-0.760.750.9-0.4
0.98-0.320.580.970.0-0.730.39-0.030.99-0.58-0.040.620.85-0.610.580.390.650.240.46-0.320.93-0.820.840.96-0.53
-0.090.25-0.09-0.090.00.13-0.29-1.00.02-0.16-1.00.00.21-0.06-0.04-0.79-0.02-0.530.110.25-0.14-0.03-0.1-0.050.17
-0.740.87-0.43-0.73-0.730.130.04-0.04-0.730.3-0.04-0.44-0.570.22-0.38-0.37-0.6-0.23-0.540.87-0.580.77-0.73-0.650.59
0.370.340.680.320.39-0.290.040.330.34-0.520.320.210.19-0.730.710.390.390.410.20.340.45-0.40.490.49-0.44
0.05-0.160.080.05-0.03-1.0-0.040.33-0.050.151.0-0.02-0.240.040.040.77-0.010.53-0.14-0.160.120.070.060.03-0.14
0.99-0.340.550.990.990.02-0.730.34-0.05-0.55-0.060.680.86-0.550.550.420.660.220.45-0.340.93-0.820.810.94-0.47
-0.53-0.06-0.68-0.48-0.58-0.160.3-0.520.15-0.550.16-0.25-0.520.83-0.7-0.09-0.73-0.24-0.53-0.06-0.480.72-0.75-0.580.64
0.05-0.160.080.05-0.04-1.0-0.040.321.0-0.060.16-0.03-0.240.050.030.77-0.010.52-0.14-0.160.120.070.060.02-0.13
0.71-0.240.370.720.620.0-0.440.21-0.020.68-0.25-0.030.56-0.140.340.570.290.050.34-0.230.71-0.410.40.610.09
0.84-0.20.350.850.850.21-0.570.19-0.240.86-0.52-0.240.56-0.470.420.250.52-0.040.27-0.20.73-0.610.60.72-0.35
-0.53-0.2-0.74-0.47-0.61-0.060.22-0.730.04-0.550.830.05-0.14-0.47-0.78-0.1-0.7-0.38-0.46-0.2-0.460.71-0.81-0.610.76
0.55-0.010.980.470.58-0.04-0.380.710.040.55-0.70.030.340.42-0.780.260.70.150.79-0.010.53-0.740.760.64-0.67
0.53-0.320.280.540.39-0.79-0.370.390.770.42-0.090.770.570.25-0.10.260.250.510.05-0.310.52-0.260.330.39-0.12
0.65-0.270.690.610.65-0.02-0.60.39-0.010.66-0.73-0.010.290.52-0.70.70.250.350.62-0.270.51-0.920.830.57-0.79
0.27-0.160.20.260.24-0.53-0.230.410.530.22-0.240.520.05-0.04-0.380.150.510.35-0.03-0.160.21-0.340.430.24-0.42
0.43-0.30.850.360.460.11-0.540.2-0.140.45-0.53-0.140.340.27-0.460.790.050.62-0.03-0.30.4-0.670.680.54-0.55
-0.361.0-0.09-0.37-0.320.250.870.34-0.16-0.34-0.06-0.16-0.23-0.2-0.2-0.01-0.31-0.27-0.16-0.3-0.220.41-0.37-0.250.35
0.94-0.220.560.930.93-0.14-0.580.450.120.93-0.480.120.710.73-0.460.530.520.510.210.4-0.22-0.670.690.96-0.32
-0.810.41-0.75-0.76-0.82-0.030.77-0.40.07-0.820.720.07-0.41-0.610.71-0.74-0.26-0.92-0.34-0.670.41-0.67-0.93-0.780.79
0.8-0.370.790.750.84-0.1-0.730.490.060.81-0.750.060.40.6-0.810.760.330.830.430.68-0.370.69-0.930.82-0.85
0.93-0.250.680.90.96-0.05-0.650.490.030.94-0.580.020.610.72-0.610.640.390.570.240.54-0.250.96-0.780.82-0.5
-0.450.35-0.67-0.4-0.530.170.59-0.44-0.14-0.470.64-0.130.09-0.350.76-0.67-0.12-0.79-0.42-0.550.35-0.320.79-0.85-0.5
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Arctic Star Account Relationship Matchups

Arctic Star fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.1M4.7M8.1M10.0M8.9M7.1M
Short Long Term Debt Total203.92361.85436.6687.68278.92264.97
Total Current Liabilities723.3K655.4K1.1M383.7K713.0K593.8K
Total Stockholder Equity4.1M3.8M7.0M9.6M8.2M6.5M
Property Plant And Equipment Net4.8M4.6M6.5M8.6M8.6M6.1M
Net Debt(16.5K)(30.5K)(242.4K)(2.5K)(28.1K)(29.5K)
Retained Earnings(56.9M)(58.3M)(60.3M)(62.7M)(64.3M)(61.1M)
Accounts Payable318.1K106.4K387.5K230.2K307.2K273.2K
Cash16.9K30.5K242.8K2.6K28.4K27.0K
Non Current Assets Total4.9M4.7M7.1M9.2M8.6M6.5M
Non Currrent Assets Other41.7K44.0K15.6K14.4K13.0K12.3K
Cash And Short Term Investments16.9K30.5K242.8K2.6K28.4K27.0K
Net Receivables37.4K9.3K735.0K660.4K299.4K193.1K
Common Stock Shares Outstanding24.9M49.4M103.1M176.4M204.0M214.2M
Liabilities And Stockholders Equity5.1M4.7M8.1M10.0M8.9M7.1M
Other Stockholder Equity407.3K6.6M7.6M1.00.90.86
Total Liab723.3K655.4K1.1M383.7K713.0K799.0K
Total Current Assets193.7K60.8K984.2K780.0K331.0K546.8K
Accumulated Other Comprehensive Income6.5M6.6M7.6M7.7M7.7M8.1M
Other Current Assets139.4K21.0K6.4K117.0K3.2K3.0K
Other Current Liab405.2K549.0K741.1K153.6K406.1K260.4K
Net Tangible Assets4.1M4.1M3.8M7.0M8.0M4.1M
Common Stock54.2M55.6M59.7M64.6M64.8M49.3M
Property Plant Equipment4.6M4.9M4.6M6.5M7.4M4.0M
Current Deferred Revenue(203.92)(361.85)(436.66)(87.68)(586.12)(556.81)
Short Term Debt203.92361.85436.6687.68278.92269.28
Net Invested Capital4.1M3.8M7.0M9.6M8.2M6.7M
Net Working Capital(529.6K)(594.6K)(144.3K)396.2K(382.0K)(362.9K)
Capital Stock54.2M55.6M59.7M64.6M64.8M64.5M

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Additional Tools for Arctic Stock Analysis

When running Arctic Star's price analysis, check to measure Arctic Star'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 Arctic Star is operating at the current time. Most of Arctic Star's value examination focuses on studying past and present price action to predict the probability of Arctic Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arctic Star's price. Additionally, you may evaluate how the addition of Arctic Star to your portfolios can decrease your overall portfolio volatility.