| HI Stock | | | CAD 0.09 0.01 5.56% |
Highland Copper financial indicator trend analysis is much more than just examining Highland Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highland Copper is a good investment. Please check the relationship between Highland Copper Enterprise Value and its Working Capital accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highland Copper. 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.
Enterprise Value vs Working Capital
Enterprise Value vs Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Highland Copper Enterprise Value account and
Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Highland Copper's Enterprise Value and Working Capital is 0.42. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Working Capital in the same time period over historical financial statements of Highland Copper, assuming nothing else is changed. The correlation between historical values of Highland Copper's Enterprise Value and Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Highland Copper are associated (or correlated) with its Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Working Capital has no effect on the direction of Enterprise Value i.e., Highland Copper's Enterprise Value and Working Capital go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Highland Copper theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Highland Copper debt, but would also pocket its cash. Enterprise Value is more accurate representation of Highland Copper value than its market capitalization because it takes into account all of Highland Copper existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.
Most indicators from Highland Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highland Copper 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 Highland Copper. 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 3.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 535.6
K in 2024.
Highland Copper fundamental ratios Correlations
Click cells to compare fundamentals
Highland Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Highland Copper fundamental ratios Accounts
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Additional Tools for Highland Stock Analysis
When running Highland Copper's price analysis, check to
measure Highland Copper'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 Highland Copper is operating at the current time. Most of Highland Copper's value examination focuses on studying past and present price action to
predict the probability of Highland Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highland Copper's price. Additionally, you may evaluate how the addition of Highland Copper to your portfolios can decrease your overall portfolio volatility.