| FCM Stock | | | 1.80 0.10 5.88% |
First financial indicator trend analysis is much more than just examining First Class Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Class Metals is a good investment. Please check the relationship between First Change In Working Capital and its Capital Expenditures accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Class 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 bureau of economic analysis.
Change In Working Capital vs Capital Expenditures
Change In Working Capital vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
First Class Metals Change In Working Capital account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between First's Change In Working Capital and Capital Expenditures is 0.77. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of First Class Metals, assuming nothing else is changed. The correlation between historical values of First's Change In Working Capital and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of First Class Metals are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change In Working Capital i.e., First's Change In Working Capital and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Capital Expenditures
Capital Expenditures are funds used by First Class Metals to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of First operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from First's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Class 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Class 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 bureau of economic analysis.
As of January 7, 2025,
Selling General Administrative is expected to decline to about 1.2
M. In addition to that,
Issuance Of Capital Stock is expected to decline to about 1.2
MFirst fundamental ratios Correlations
Click cells to compare fundamentals
First Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.
Other Information on Investing in First Stock
Balance Sheet is a snapshot of the
financial position of First Class Metals at a specified time, usually calculated after every quarter, six months, or one year. First Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which First currently owns. An asset can also be divided into two categories, current and non-current.