| GLB Stock | | | CAD 0.18 0.05 21.74% |
Goldbank Mining financial indicator trend analysis is much more than just examining Goldbank Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldbank Mining Corp is a good investment. Please check the relationship between Goldbank Mining Cash and its Retained Earnings accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldbank Mining 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 vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goldbank Mining Corp Cash account and
Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goldbank Mining's Cash and Retained Earnings is -0.21. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Goldbank Mining Corp, assuming nothing else is changed. The correlation between historical values of Goldbank Mining's Cash and Retained Earnings 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 of Goldbank Mining Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Goldbank Mining's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.21 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Goldbank Mining Corp, which is listed under current asset account on Goldbank Mining Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Goldbank Mining customers. The amounts must be unrestricted with restricted cash listed in a different Goldbank Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Goldbank Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldbank Mining 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldbank Mining 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.
Selling General Administrative is likely to climb to about 627.3
K in 2024.
Issuance Of Capital Stock is likely to climb to about 2.6
M in 2024
Goldbank Mining fundamental ratios Correlations
Click cells to compare fundamentals
Goldbank Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goldbank Mining fundamental ratios Accounts
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