Cornish Common Stock vs Cash Analysis
CUSN Stock | 8.70 0.45 5.45% |
Cornish Metals financial indicator trend analysis is way more than just evaluating Cornish Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cornish Metals is a good investment. Please check the relationship between Cornish Metals Common Stock and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cornish Metals. 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 Cash
Common Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cornish Metals Common Stock account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cornish Metals' Common Stock and Cash is 0.88. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Cornish Metals, assuming nothing else is changed. The correlation between historical values of Cornish Metals' Common Stock and Cash 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 Cornish Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., Cornish Metals' Common Stock and Cash go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock
Cash
Cash refers to the most liquid asset of Cornish Metals, which is listed under current asset account on Cornish Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cornish Metals customers. The amounts must be unrestricted with restricted cash listed in a different Cornish Metals 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.Most indicators from Cornish Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cornish Metals 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 Cornish Metals. 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. At this time, Cornish Metals' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 11.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Cornish Metals fundamental ratios Correlations
Click cells to compare fundamentals
Cornish Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cornish Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.9M | 18.2M | 36.1M | 102.1M | 104.2M | 109.4M | |
Other Current Liab | 117.2K | 161.7K | 6.2M | 673.8K | 2.0M | 2.1M | |
Total Current Liabilities | 688.9K | 967.5K | 6.7M | 2.5M | 5.1M | 5.3M | |
Total Stockholder Equity | 7.1M | 8.3M | 20.7M | 90.5M | 90.1M | 94.6M | |
Net Debt | 4.0M | 5.7M | (6.9M) | (55.5M) | (25.8M) | (24.5M) | |
Retained Earnings | (34.3M) | (35.7M) | (38.6M) | (39.7M) | (42.4M) | (40.3M) | |
Cash | 1.3M | 353.6K | 6.9M | 55.5M | 25.8M | 27.1M | |
Non Current Assets Total | 13.9M | 15.9M | 27.3M | 42.9M | 73.9M | 77.6M | |
Cash And Short Term Investments | 1.9M | 1.4M | 8.5M | 58.2M | 28.5M | 29.9M | |
Net Receivables | 23.4K | 23.6K | 107.2K | 656.4K | 754.9K | 792.6K | |
Common Stock Shares Outstanding | 86.8M | 135.3M | 267.6M | 456.3M | 535.3M | 562.0M | |
Short Term Investments | 547.7K | 1.0M | 1.6M | 2.7M | 2.7M | 2.8M | |
Liabilities And Stockholders Equity | 15.9M | 18.2M | 36.1M | 102.1M | 104.2M | 109.4M | |
Other Current Assets | 54.7K | 905.2K | 231.9K | 372.0K | 1.8M | 1.9M | |
Total Liab | 8.8M | 9.8M | 15.4M | 11.6M | 14.1M | 14.8M | |
Total Current Assets | 1.9M | 2.3M | 8.8M | 59.2M | 30.3M | 31.8M | |
Common Stock | 37.3M | 40.7M | 56.8M | 128.4M | 128.4M | 134.8M | |
Property Plant And Equipment Net | 13.9M | 15.9M | 27.2M | 42.8M | 73.8M | 77.5M | |
Accounts Payable | 493.1K | 785.5K | 426.5K | 1.8M | 3.0M | 3.2M | |
Other Stockholder Equity | 3.9M | 3.0M | 2.6M | 2.4M | 2.0M | 1.9M | |
Accumulated Other Comprehensive Income | 150.0K | 239.0K | (174.1K) | (649.0K) | 2.1M | 2.2M | |
Non Currrent Assets Other | 36.8K | 37.0K | 42.4K | 54.1K | 85.2K | 80.9K | |
Short Long Term Debt Total | 5.3M | 6.0M | 4.9K | 642.0 | 577.8 | 548.91 | |
Long Term Debt | 5.2M | 6.0M | 5.2M | 6.0M | 6.9M | 5.2M | |
Non Current Liabilities Total | 8.1M | 8.9M | 8.7M | 9.1M | 9.1M | 8.5M | |
Property Plant Equipment | 13.9M | 15.9M | 27.2M | 42.8M | 49.2M | 51.7M | |
Net Tangible Assets | 7.0M | 8.3M | 20.7M | 90.5M | 104.0M | 109.2M | |
Net Invested Capital | 12.3M | 14.3M | 20.7M | 90.5M | 104.0M | 109.2M | |
Net Working Capital | 1.2M | 1.3M | 2.2M | 56.7M | 65.3M | 68.5M | |
Intangible Assets | 9.88 | 5.05 | 0.44 | 66.75 | 60.08 | 57.07 | |
Capital Stock | 37.3M | 40.7M | 56.8M | 128.4M | 147.6M | 155.0M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cornish Stock Analysis
When running Cornish Metals' price analysis, check to measure Cornish Metals' 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 Cornish Metals is operating at the current time. Most of Cornish Metals' value examination focuses on studying past and present price action to predict the probability of Cornish Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cornish Metals' price. Additionally, you may evaluate how the addition of Cornish Metals to your portfolios can decrease your overall portfolio volatility.