Ajax Cash vs Other Stockholder Equity Analysis

AJAX Stock   3.00  0.00  0.00%   
Ajax Resources financial indicator trend analysis is way more than just evaluating Ajax Resources PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ajax Resources PLC is a good investment. Please check the relationship between Ajax Resources Cash and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ajax Resources PLC. 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.

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajax Resources PLC Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ajax Resources' Cash and Other Stockholder Equity is -0.49. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Ajax Resources PLC, assuming nothing else is changed. The correlation between historical values of Ajax Resources' Cash and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Ajax Resources PLC are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Ajax Resources' Cash and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash

Cash refers to the most liquid asset of Ajax Resources PLC, which is listed under current asset account on Ajax Resources PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ajax Resources customers. The amounts must be unrestricted with restricted cash listed in a different Ajax Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Other Stockholder Equity

Most indicators from Ajax Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ajax Resources PLC 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 Ajax Resources PLC. 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 gain to about 436.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2010 2023 2024 (projected)
Interest Income16.3K138.3K85.0K
Net Interest Income16.3K138.3K85.0K

Ajax Resources fundamental ratios Correlations

-0.99-0.990.99-0.65-0.84-0.990.850.850.94-0.70.52-0.990.991.00.960.990.96-0.65-0.49-0.65-0.65
-0.991.0-0.990.720.91.0-0.91-0.91-0.960.7-0.41.0-0.99-0.99-0.98-0.99-0.980.720.520.720.72
-0.991.0-0.990.710.91.0-0.91-0.91-0.960.69-0.411.0-0.99-0.99-0.98-0.99-0.980.710.520.710.71
0.99-0.99-0.99-0.61-0.84-0.980.870.870.97-0.610.51-0.991.00.990.981.00.98-0.61-0.4-0.61-0.61
-0.650.720.71-0.610.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.01.0
-0.840.90.9-0.840.930.91-0.96-0.96-0.830.740.020.9-0.84-0.84-0.88-0.84-0.880.930.710.930.93
-0.991.01.0-0.980.740.91-0.92-0.92-0.950.71-0.381.0-0.98-0.99-0.98-0.98-0.980.740.550.740.74
0.85-0.91-0.910.87-0.81-0.96-0.921.00.92-0.550.04-0.910.880.850.940.870.94-0.81-0.49-0.81-0.81
0.85-0.91-0.910.87-0.81-0.96-0.921.00.92-0.550.04-0.910.880.850.940.870.94-0.81-0.49-0.81-0.81
0.94-0.96-0.960.97-0.57-0.83-0.950.920.92-0.450.42-0.960.980.940.990.970.99-0.57-0.27-0.57-0.57
-0.70.70.69-0.610.830.740.71-0.55-0.55-0.45-0.140.69-0.61-0.7-0.55-0.61-0.550.830.940.830.83
0.52-0.4-0.410.510.270.02-0.380.040.040.42-0.14-0.410.510.520.370.510.370.270.20.270.27
-0.991.01.0-0.990.710.91.0-0.91-0.91-0.960.69-0.41-0.99-0.99-0.98-0.99-0.980.710.520.710.71
0.99-0.99-0.991.0-0.61-0.84-0.980.880.880.98-0.610.51-0.990.990.981.00.98-0.61-0.4-0.61-0.61
1.0-0.99-0.990.99-0.65-0.84-0.990.850.850.94-0.70.52-0.990.990.960.990.96-0.65-0.49-0.65-0.65
0.96-0.98-0.980.98-0.65-0.88-0.980.940.940.99-0.550.37-0.980.980.960.981.0-0.65-0.38-0.65-0.65
0.99-0.99-0.991.0-0.61-0.84-0.980.870.870.97-0.610.51-0.991.00.990.980.98-0.61-0.4-0.61-0.61
0.96-0.98-0.980.98-0.65-0.88-0.980.940.940.99-0.550.37-0.980.980.961.00.98-0.65-0.38-0.65-0.65
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.650.891.01.0
-0.490.520.52-0.40.890.710.55-0.49-0.49-0.270.940.20.52-0.4-0.49-0.38-0.4-0.380.890.890.89
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.0
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.0
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Ajax Resources Account Relationship Matchups

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