ANTO Stock | | | 1,763 10.50 0.60% |
Antofagasta PLC financial indicator trend analysis is way more than just evaluating Antofagasta PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Antofagasta PLC is a good investment. Please check the relationship between Antofagasta PLC Common Stock Total Equity and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Antofagasta 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.
Common Stock Total Equity vs Non Current Assets Total
Common Stock Total Equity vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Antofagasta PLC Common Stock Total Equity account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Antofagasta PLC's Common Stock Total Equity and Non Current Assets Total is 0.85. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Antofagasta PLC, assuming nothing else is changed. The correlation between historical values of Antofagasta PLC's Common Stock Total Equity and Non Current Assets Total 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 Total Equity of Antofagasta PLC are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Common Stock Total Equity i.e., Antofagasta PLC's Common Stock Total Equity and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Antofagasta PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Antofagasta 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 Antofagasta 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 drop to about 373.6
M in 2024.
Discontinued Operations is likely to drop to about 6.2
M in 2024
Antofagasta PLC fundamental ratios Correlations
Click cells to compare fundamentals
Antofagasta PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Antofagasta PLC fundamental ratios Accounts
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measure Antofagasta PLC'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 Antofagasta PLC is operating at the current time. Most of Antofagasta PLC's value examination focuses on studying past and present price action to
predict the probability of Antofagasta PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antofagasta PLC's price. Additionally, you may evaluate how the addition of Antofagasta PLC to your portfolios can decrease your overall portfolio volatility.