Goldshore Retained Earnings vs Cash 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 Retained Earnings and its Cash 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.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldshore Resources Retained Earnings account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goldshore Resources' Retained Earnings and Cash is -0.31. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash 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' Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Goldshore Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Goldshore Resources' Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Cash

Cash refers to the most liquid asset of Goldshore Resources, which is listed under current asset account on Goldshore Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Goldshore Resources customers. The amounts must be unrestricted with restricted cash listed in a different Goldshore Resources 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.
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 Income2.1K106.9K122.9K129.0K
Tax Provision6.8M4.7M4.2M4.6M

Goldshore Resources fundamental ratios Correlations

0.111.0-0.850.490.730.91.00.261.00.38-0.990.960.950.960.30.910.96-0.710.960.950.960.950.84-0.89
0.110.050.380.150.090.460.050.890.040.23-0.050.050.040.060.120.020.060.020.060.040.050.04-0.010.01
1.00.05-0.880.490.740.881.00.221.00.38-0.990.970.960.970.310.910.97-0.710.960.960.960.960.84-0.89
-0.850.38-0.88-0.31-0.57-0.63-0.880.22-0.88-0.170.88-0.87-0.88-0.86-0.15-0.87-0.860.56-0.85-0.88-0.88-0.88-0.830.85
0.490.150.49-0.310.950.450.490.580.420.99-0.570.540.480.620.980.260.61-0.030.630.480.480.470.04-0.04
0.730.090.74-0.570.950.650.740.490.680.9-0.80.760.710.830.870.520.82-0.290.830.710.720.710.33-0.35
0.90.460.88-0.630.450.650.880.540.870.39-0.880.910.910.890.280.880.9-0.490.890.910.910.910.81-0.78
1.00.051.0-0.880.490.740.880.221.00.38-0.990.970.960.970.310.910.97-0.710.960.960.960.960.84-0.89
0.260.890.220.220.580.490.540.220.180.65-0.260.240.210.290.560.080.290.030.30.210.210.2-0.040.05
1.00.041.0-0.880.420.680.871.00.180.3-0.980.950.950.950.230.920.95-0.740.950.950.950.950.87-0.92
0.380.230.38-0.170.990.90.390.380.650.3-0.460.440.370.520.990.140.510.060.530.370.380.37-0.080.08
-0.99-0.05-0.990.88-0.57-0.8-0.88-0.99-0.26-0.98-0.46-0.98-0.97-0.98-0.39-0.9-0.980.62-0.98-0.97-0.97-0.97-0.810.85
0.960.050.97-0.870.540.760.910.970.240.950.44-0.981.00.990.370.951.0-0.530.991.01.01.00.86-0.83
0.950.040.96-0.880.480.710.910.960.210.950.37-0.971.00.980.30.970.98-0.520.981.01.01.00.89-0.86
0.960.060.97-0.860.620.830.890.970.290.950.52-0.980.990.980.460.911.0-0.521.00.980.980.980.8-0.79
0.30.120.31-0.150.980.870.280.310.560.230.99-0.390.370.30.460.060.440.120.460.30.30.29-0.160.16
0.910.020.91-0.870.260.520.880.910.080.920.14-0.90.950.970.910.060.92-0.560.910.970.970.970.97-0.92
0.960.060.97-0.860.610.820.90.970.290.950.51-0.981.00.981.00.440.92-0.521.00.980.990.980.81-0.8
-0.710.02-0.710.56-0.03-0.29-0.49-0.710.03-0.740.060.62-0.53-0.52-0.520.12-0.56-0.52-0.52-0.52-0.53-0.52-0.620.75
0.960.060.96-0.850.630.830.890.960.30.950.53-0.980.990.981.00.460.911.0-0.520.980.980.980.8-0.79
0.950.040.96-0.880.480.710.910.960.210.950.37-0.971.01.00.980.30.970.98-0.520.981.01.00.89-0.86
0.960.050.96-0.880.480.720.910.960.210.950.38-0.971.01.00.980.30.970.99-0.530.981.01.00.89-0.86
0.950.040.96-0.880.470.710.910.960.20.950.37-0.971.01.00.980.290.970.98-0.520.981.01.00.89-0.86
0.84-0.010.84-0.830.040.330.810.84-0.040.87-0.08-0.810.860.890.8-0.160.970.81-0.620.80.890.890.89-0.96
-0.890.01-0.890.85-0.04-0.35-0.78-0.890.05-0.920.080.85-0.83-0.86-0.790.16-0.92-0.80.75-0.79-0.86-0.86-0.86-0.96
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Goldshore Resources Account Relationship Matchups

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