IGO Stock | | | CAD 0.25 0.02 8.70% |
Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Common Stock Shares Outstanding and its Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold 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.
Common Stock Shares Outstanding vs Short Term Investments
Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Independence Gold Corp Common Stock Shares Outstanding account and
Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Independence Gold's Common Stock Shares Outstanding and Short Term Investments is -0.42. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Common Stock Shares Outstanding and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Independence Gold Corp are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Independence Gold's Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Short Term Investments
Short Term Investments is an item under the current assets section of Independence Gold balance sheet. It contains any investments Independence Gold Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Independence Gold Corp can easily liquidate in the marketplace.
Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Gold 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 Independence Gold 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.
At this time, Independence Gold's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 32.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 728.5
K in 2024.
Independence Gold fundamental ratios Correlations
Click cells to compare fundamentals
Independence Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Independence Gold fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to
measure Independence Gold'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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to
predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.