| GAL Stock | | | 0.13 0.01 8.33% |
Galileo Mining financial indicator trend analysis is much more than just examining Galileo Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galileo Mining is a good investment. Please check the relationship between Galileo Mining Cash And Short Term Investments and its Non Current Assets Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galileo 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.
Cash And Short Term Investments vs Non Current Assets Total
Cash And Short Term Investments vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Galileo Mining Cash And Short Term Investments account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Galileo Mining's Cash And Short Term Investments and Non Current Assets Total is 0.81. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Galileo Mining, assuming nothing else is changed. The correlation between historical values of Galileo Mining's Cash And Short Term Investments and Non Current Assets Total 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 Galileo Mining are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash And Short Term Investments i.e., Galileo Mining's Cash And Short Term Investments and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Galileo Mining balance sheet. This account contains Galileo Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Galileo Mining 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Galileo Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galileo 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galileo 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.
Selling General Administrative is likely to gain to about 1.1
M in 2024.
Issuance Of Capital Stock is likely to gain to about 24.8
M in 2024
Galileo Mining fundamental ratios Correlations
Click cells to compare fundamentals
Galileo Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galileo Mining fundamental ratios Accounts
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Additional Tools for Galileo Stock Analysis
When running Galileo Mining's price analysis, check to
measure Galileo Mining'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 Galileo Mining is operating at the current time. Most of Galileo Mining's value examination focuses on studying past and present price action to
predict the probability of Galileo Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galileo Mining's price. Additionally, you may evaluate how the addition of Galileo Mining to your portfolios can decrease your overall portfolio volatility.