| LUM Stock | | | CAD 0.50 0.03 6.38% |
Lumina Gold financial indicator trend analysis is infinitely more than just investigating Lumina Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumina Gold Corp is a good investment. Please check the relationship between Lumina Gold Interest Expense and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina 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.
Interest Expense vs Operating Income
Interest Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lumina Gold Corp Interest Expense account and
Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lumina Gold's Interest Expense and Operating Income is -0.54. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Lumina Gold Corp, assuming nothing else is changed. The correlation between historical values of Lumina Gold's Interest Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Lumina Gold Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Expense i.e., Lumina Gold's Interest Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Operating Income
Operating Income is the amount of profit realized from Lumina Gold Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Lumina Gold Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Lumina Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumina 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina 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.
Enterprise Value is likely to climb to about 95.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2
M in 2024.
Lumina Gold fundamental ratios Correlations
Click cells to compare fundamentals
Lumina Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumina Gold fundamental ratios Accounts
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Additional Tools for Lumina Stock Analysis
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measure Lumina 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 Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to
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