BMET Stock | | | CAD 0.05 0 5.00% |
BeMetals Corp financial indicator trend analysis is way more than just evaluating BeMetals Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BeMetals Corp is a good investment. Please check the relationship between BeMetals Corp Cash And Short Term Investments and its Net Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BeMetals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Cash And Short Term Investments vs Net Working Capital
Cash And Short Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BeMetals Corp Cash And Short Term Investments account and
Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between BeMetals Corp's Cash And Short Term Investments and Net Working Capital is 0.68. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of BeMetals Corp, assuming nothing else is changed. The correlation between historical values of BeMetals Corp's Cash And Short Term Investments and Net Working Capital 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 And Short Term Investments of BeMetals Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., BeMetals Corp's Cash And Short Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of BeMetals Corp balance sheet. This account contains BeMetals Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by BeMetals Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Working Capital
Most indicators from BeMetals Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BeMetals Corp 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 BeMetals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Enterprise Value is likely to climb to about 25
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.1
M in 2024.
BeMetals Corp fundamental ratios Correlations
Click cells to compare fundamentals
BeMetals Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BeMetals Corp fundamental ratios Accounts
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Additional Tools for BeMetals Stock Analysis
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