Fortune Other Current Assets vs Common Stock Shares Outstanding Analysis

FOR Stock  CAD 0.25  0.01  4.17%   
Fortune Bay financial indicator trend analysis is much more than just examining Fortune Bay Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortune Bay Corp is a good investment. Please check the relationship between Fortune Bay Other Current Assets and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Bay 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.

Other Current Assets vs Common Stock Shares Outstanding

Other Current Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Other Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fortune Bay's Other Current Assets and Common Stock Shares Outstanding is 0.84. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Fortune Bay Corp, assuming nothing else is changed. The correlation between historical values of Fortune Bay's Other Current Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Fortune Bay Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Current Assets i.e., Fortune Bay's Other Current Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Fortune Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Bay 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 Fortune Bay 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.
Tax Provision is likely to climb to about 45.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 296.3 K in 2024.

Fortune Bay fundamental ratios Correlations

0.640.990.97-0.19-0.560.60.610.910.41-0.690.560.610.960.840.350.750.60.250.940.59-0.950.890.960.890.59
0.640.570.6-0.35-0.40.510.480.560.64-0.470.390.290.570.280.270.80.42-0.260.740.87-0.710.650.50.650.39
0.990.570.96-0.14-0.590.60.630.890.35-0.670.580.620.950.870.340.70.620.290.910.54-0.930.870.970.870.62
0.970.60.96-0.22-0.460.530.510.930.4-0.660.460.620.970.810.330.690.490.320.960.54-0.930.830.950.830.49
-0.19-0.35-0.14-0.22-0.270.040.19-0.3-0.820.40.21-0.14-0.20.14-0.25-0.650.13-0.09-0.37-0.320.33-0.4-0.19-0.40.27
-0.56-0.4-0.59-0.46-0.27-0.37-1.0-0.170.20.05-0.99-0.27-0.34-0.48-0.09-0.19-0.98-0.11-0.35-0.510.35-0.33-0.46-0.33-1.0
0.60.510.60.530.04-0.370.40.560.21-0.40.30.710.530.39-0.260.490.34-0.220.590.36-0.560.550.540.550.37
0.610.480.630.510.19-1.00.40.22-0.11-0.120.990.30.390.50.130.280.990.10.420.57-0.420.40.510.40.99
0.910.560.890.93-0.3-0.170.560.220.55-0.770.150.60.980.770.360.760.20.210.950.44-0.960.880.910.880.21
0.410.640.350.4-0.820.20.21-0.110.55-0.54-0.170.230.450.090.350.87-0.08-0.040.590.6-0.60.680.410.68-0.2
-0.69-0.47-0.67-0.660.40.05-0.4-0.12-0.77-0.54-0.06-0.44-0.77-0.59-0.37-0.76-0.13-0.12-0.69-0.150.8-0.7-0.58-0.7-0.09
0.560.390.580.460.21-0.990.30.990.15-0.17-0.060.250.330.470.110.20.990.190.340.52-0.340.330.460.330.99
0.610.290.620.62-0.14-0.270.710.30.60.23-0.440.250.580.47-0.160.40.290.170.590.18-0.520.470.590.470.25
0.960.570.950.97-0.2-0.340.530.390.980.45-0.770.330.580.840.380.730.370.280.950.47-0.970.880.940.880.38
0.840.280.870.810.14-0.480.390.50.770.09-0.590.470.470.840.520.430.490.250.690.26-0.760.680.850.680.52
0.350.270.340.33-0.25-0.09-0.260.130.360.35-0.370.11-0.160.380.520.420.14-0.160.350.3-0.430.440.350.440.11
0.750.80.70.69-0.65-0.190.490.280.760.87-0.760.20.40.730.430.420.28-0.040.830.69-0.870.890.680.890.2
0.60.420.620.490.13-0.980.340.990.2-0.08-0.130.990.290.370.490.140.280.180.380.54-0.40.410.510.410.98
0.25-0.260.290.32-0.09-0.11-0.220.10.21-0.04-0.120.190.170.280.25-0.16-0.040.180.13-0.11-0.150.110.360.110.14
0.940.740.910.96-0.37-0.350.590.420.950.59-0.690.340.590.950.690.350.830.380.130.65-0.970.90.910.90.38
0.590.870.540.54-0.32-0.510.360.570.440.6-0.150.520.180.470.260.30.690.54-0.110.65-0.60.650.560.650.5
-0.95-0.71-0.93-0.930.330.35-0.56-0.42-0.96-0.60.8-0.34-0.52-0.97-0.76-0.43-0.87-0.4-0.15-0.97-0.6-0.95-0.91-0.95-0.39
0.890.650.870.83-0.4-0.330.550.40.880.68-0.70.330.470.880.680.440.890.410.110.90.65-0.950.891.00.37
0.960.50.970.95-0.19-0.460.540.510.910.41-0.580.460.590.940.850.350.680.510.360.910.56-0.910.890.890.5
0.890.650.870.83-0.4-0.330.550.40.880.68-0.70.330.470.880.680.440.890.410.110.90.65-0.951.00.890.37
0.590.390.620.490.27-1.00.370.990.21-0.2-0.090.990.250.380.520.110.20.980.140.380.5-0.390.370.50.37
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Fortune Bay Account Relationship Matchups

Fortune Bay fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.6M19.0M24.8M23.7M24.7M20.2M
Total Current Liabilities778.9K651.7K654.6K198.5K879.0K455.7K
Total Stockholder Equity14.5M18.0M23.8M22.9M22.5M19.4M
Net Tangible Assets15.0M14.5M18.0M23.8M27.3M18.0M
Property Plant And Equipment Net15.5M15.8M18.1M23.0M186.1K176.8K
Net Debt241.7K(2.8M)(6.5M)(531.8K)(86.0K)(90.3K)
Accounts Payable112.6K125.0K170.4K177.4K131.4K146.6K
Cash23.5K3.0M6.5M531.8K585.2K555.9K
Non Current Assets Total15.5M15.9M18.1M23.0M24.0M18.8M
Non Currrent Assets Other15.5M38.3K38.4K38.5K23.1M24.3M
Cash And Short Term Investments23.5K3.0M6.5M531.8K585.2K555.9K
Net Receivables21.9K45.9K76.6K90.6K94.5K62.5K
Common Stock Shares Outstanding21.0M26.3M33.6M42.9M43.4M28.9M
Liabilities And Stockholders Equity15.6M19.0M24.8M23.7M24.7M20.2M
Other Current Assets18.1K40.5K69.1K91.5K51.8K42.2K
Other Stockholder Equity361.4K536.0K783.1K1.6M3.4M3.5M
Total Liab1.1M1.0M1.1M849.6K2.2M2.3M
Total Current Assets63.4K3.1M6.7M713.9K731.5K1.4M
Property Plant Equipment15.3M15.5M15.8M18.1M20.8M17.0M
Other Current Liab401.2K114.8K484.2K21.1K379.8K232.4K
Retained Earnings9.7M8.7M6.8M5.5M4.1M6.8M
Non Current Liabilities Total318.3K354.8K397.3K651.1K1.3M1.4M
Net Working Capital(715.6K)2.5M6.0M515.4K(147.5K)(140.2K)

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Additional Tools for Fortune Stock Analysis

When running Fortune Bay's price analysis, check to measure Fortune Bay'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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.