| MGM Stock | | | CAD 0.06 0.01 8.33% |
Maple Gold financial indicator trend analysis is infinitely more than just investigating Maple Gold Mines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maple Gold Mines is a good investment. Please check the relationship between Maple Gold Capital Expenditures and its Other Non Cash Items accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maple Gold Mines. 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.
Capital Expenditures vs Other Non Cash Items
Capital Expenditures vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maple Gold Mines Capital Expenditures account and
Other Non Cash Items. At this time, the significance of the direction appears to have weak relationship.
The correlation between Maple Gold's Capital Expenditures and Other Non Cash Items is 0.38. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Maple Gold Mines, assuming nothing else is changed. The correlation between historical values of Maple Gold's Capital Expenditures and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Maple Gold Mines are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Maple Gold's Capital Expenditures and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Maple Gold Mines to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Maple Gold operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Other Non Cash Items
Most indicators from Maple Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maple Gold Mines 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 Maple Gold Mines. 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 5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Maple Gold fundamental ratios Correlations
Click cells to compare fundamentals
Maple Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maple Gold fundamental ratios Accounts
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Additional Tools for Maple Stock Analysis
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measure Maple 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 Maple Gold is operating at the current time. Most of Maple Gold's value examination focuses on studying past and present price action to
predict the probability of Maple 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 Maple Gold's price. Additionally, you may evaluate how the addition of Maple Gold to your portfolios can decrease your overall portfolio volatility.