American Other Non Cash Items vs Depreciation Analysis
| LI Stock | CAD 0.88 0.01 1.12% |
American Lithium financial indicator trend analysis is way more than just evaluating American Lithium Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Lithium Corp is a good investment. Please check the relationship between American Lithium Other Non Cash Items and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Lithium 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.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Lithium Corp Other Non Cash Items account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between American Lithium's Other Non Cash Items and Depreciation is -0.43. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of American Lithium Corp, assuming nothing else is changed. The correlation between historical values of American Lithium's Other Non Cash Items and 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 Other Non Cash Items of American Lithium Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Other Non Cash Items i.e., American Lithium's Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Non Cash Items
Depreciation
Depreciation indicates how much of American Lithium Corp value has been used up. For tax purposes American Lithium can deduct the cost of the tangible assets it purchases as business expenses. However, American Lithium Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from American Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Lithium 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Lithium 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 21.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.8 M in 2024.
American Lithium fundamental ratios Correlations
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American Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for American Stock Analysis
When running American Lithium's price analysis, check to measure American Lithium'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 American Lithium is operating at the current time. Most of American Lithium's value examination focuses on studying past and present price action to predict the probability of American Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Lithium's price. Additionally, you may evaluate how the addition of American Lithium to your portfolios can decrease your overall portfolio volatility.