| EDG Stock | | | CAD 0.14 0.01 7.69% |
Endurance Gold financial indicator trend analysis is much more than just examining Endurance Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Endurance Gold Corp is a good investment. Please check the relationship between Endurance Gold Cash And Short Term Investments and its Inventory accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endurance Gold 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 board of governors.
Cash And Short Term Investments vs Inventory
Cash And Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Endurance Gold Corp Cash And Short Term Investments account and
Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Endurance Gold's Cash And Short Term Investments and Inventory is -0.57. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Endurance Gold Corp, assuming nothing else is changed. The correlation between historical values of Endurance Gold's Cash And Short Term Investments and Inventory 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 Endurance Gold Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Endurance Gold's Cash And Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Endurance Gold Corp balance sheet. This account contains Endurance Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Endurance Gold 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.
Inventory
Most indicators from Endurance Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Endurance Gold 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endurance Gold 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 board of governors.
At this time, Endurance Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.9
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(47.17).
Endurance Gold fundamental ratios Correlations
Click cells to compare fundamentals
Endurance Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Endurance Gold fundamental ratios Accounts
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Additional Tools for Endurance Stock Analysis
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measure Endurance Gold'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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to
predict the probability of Endurance Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.