Foran Capex To Revenue vs Roe Analysis
| FOM Stock | 3.92 0.02 0.51% |
Foran Mining financial indicator trend analysis is much more than just examining Foran Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foran Mining is a good investment. Please check the relationship between Foran Mining Capex To Revenue and its Roe accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foran Mining. 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.
Capex To Revenue vs Roe
Capex To Revenue vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foran Mining Capex To Revenue account and Roe. At this time, the significance of the direction appears to have totally related.
The correlation between Foran Mining's Capex To Revenue and Roe is 0.99. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Roe in the same time period over historical financial statements of Foran Mining, assuming nothing else is changed. The correlation between historical values of Foran Mining's Capex To Revenue and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Foran Mining are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Capex To Revenue i.e., Foran Mining's Capex To Revenue and Roe go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Roe
Most indicators from Foran Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foran Mining 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 Foran Mining. 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, Foran Mining's Selling General Administrative is very stable compared to the past year. As of the 20th of December 2024, Enterprise Value is likely to grow to about 634.8 M, while Tax Provision is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 6.4M | 9.6M | 17.6M | 18.5M | Depreciation And Amortization | 98K | 58K | 66.7K | 87.4K |
Foran Mining fundamental ratios Correlations
Click cells to compare fundamentals
Foran Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foran Mining fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 40.9M | 42.2M | 174.9M | 236.7M | 542.5M | 569.6M | |
| Total Current Liabilities | 365.6K | 390.2K | 13.7M | 14.7M | 45.2M | 47.4M | |
| Total Stockholder Equity | 39.8M | 41.1M | 160.4M | 187.7M | 458.1M | 481.0M | |
| Property Plant And Equipment Net | 40.2M | 40.9M | 89.1M | 141.3M | 121K | 115.0K | |
| Net Debt | (237.7K) | (995.7K) | (82.9M) | (53.2M) | (228.0M) | (216.6M) | |
| Retained Earnings | (43.4M) | (45.4M) | (49.7M) | (59.5M) | (73.1M) | (69.4M) | |
| Accounts Payable | 265.3K | (60.3K) | (3.3M) | (5.2M) | 5.4K | 5.7K | |
| Cash | 391.6K | 1.0M | 84.0M | 87.3M | 266.5M | 279.8M | |
| Non Current Assets Total | 40.4M | 41.1M | 89.3M | 148.4M | 271.8M | 285.3M | |
| Cash And Short Term Investments | 391.6K | 1.0M | 84.0M | 87.3M | 266.5M | 279.8M | |
| Net Receivables | 43.1K | 23.9K | 1.3M | 802K | 2.1M | 2.2M | |
| Common Stock Shares Outstanding | 129.6M | 148.3M | 200.6M | 242.5M | 280.4M | 294.5M | |
| Liabilities And Stockholders Equity | 40.9M | 42.2M | 174.9M | 236.7M | 542.5M | 569.6M | |
| Other Stockholder Equity | 1.6M | 1.6M | 4.1M | 6.5M | 5.8M | 5.5M | |
| Total Liab | 1.1M | 1.0M | 14.5M | 49.0M | 84.4M | 88.6M | |
| Total Current Assets | 501.9K | 1.1M | 85.6M | 88.4M | 270.7M | 284.3M | |
| Non Current Liabilities Total | 737.3K | 649.6K | 812K | 34.3M | 39.3M | 41.2M | |
| Accumulated Other Comprehensive Income | 44.9K | 73.7K | 99K | 58K | 10.3M | 10.8M | |
| Other Current Assets | 67.1K | 41.5K | 252K | 241K | 2.2M | 2.3M | |
| Common Stock | 81.6M | 84.8M | 205.8M | 240.6M | 520.9M | 546.9M |
Pair Trading with Foran Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Foran Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Foran Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Foran Stock
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Foran Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Foran Mining to buy it.
The correlation of Foran Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Foran Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Foran Stock
Balance Sheet is a snapshot of the financial position of Foran Mining at a specified time, usually calculated after every quarter, six months, or one year. Foran Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foran Mining 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 Foran currently owns. An asset can also be divided into two categories, current and non-current.