Ajax Total Stockholder Equity vs Common Stock Shares Outstanding 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 Total Stockholder Equity and its Common Stock Shares Outstanding 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.

Total Stockholder Equity vs Common Stock Shares Outstanding

Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajax Resources PLC Total Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ajax Resources' Total Stockholder Equity and Common Stock Shares Outstanding is -0.61. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding 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' Total Stockholder Equity and Common Stock Shares Outstanding 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 Stockholder Equity of Ajax Resources PLC are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Stockholder Equity i.e., Ajax Resources' Total Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
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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