Goldshore Free Cash Flow Yield vs Capex To Depreciation Analysis
GSHR Stock | 0.24 0.01 4.35% |
Goldshore Resources financial indicator trend analysis is much more than just examining Goldshore Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldshore Resources is a good investment. Please check the relationship between Goldshore Resources Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldshore Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Free Cash Flow Yield vs Capex To Depreciation
Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldshore Resources Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Goldshore Resources' Free Cash Flow Yield and Capex To Depreciation is 0.12. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Goldshore Resources, assuming nothing else is changed. The correlation between historical values of Goldshore Resources' Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Goldshore Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Goldshore Resources' Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Goldshore Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldshore Resources 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 Goldshore Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Goldshore Resources' Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 20.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.1K | 106.9K | 122.9K | 129.0K | Tax Provision | 6.8M | 4.7M | 4.2M | 4.6M |
Goldshore Resources fundamental ratios Correlations
Click cells to compare fundamentals
Goldshore Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Goldshore Stock Analysis
When running Goldshore Resources' price analysis, check to measure Goldshore Resources' 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 Goldshore Resources is operating at the current time. Most of Goldshore Resources' value examination focuses on studying past and present price action to predict the probability of Goldshore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldshore Resources' price. Additionally, you may evaluate how the addition of Goldshore Resources to your portfolios can decrease your overall portfolio volatility.