| NAR Stock | | | CAD 0.13 0.01 7.14% |
North Arrow financial indicator trend analysis is infinitely more than just investigating North Arrow Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Arrow Minerals is a good investment. Please check the relationship between North Arrow Total Current Liabilities and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Arrow Minerals. 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.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North Arrow Minerals Total Current Liabilities account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between North Arrow's Total Current Liabilities and Selling General Administrative is -0.36. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of North Arrow Minerals, assuming nothing else is changed. The correlation between historical values of North Arrow's Total Current Liabilities and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of North Arrow Minerals are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., North Arrow's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on North Arrow balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of North Arrow Minerals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Selling General Administrative
Most indicators from North Arrow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Arrow Minerals 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 North Arrow Minerals. 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.
Issuance Of Capital Stock is likely to climb to about 2.5
M in 2024, whereas Selling General Administrative is likely to drop slightly above 815.2
K in 2024.
North Arrow fundamental ratios Correlations
Click cells to compare fundamentals
North Arrow Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North Arrow 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 North Stock Analysis
When running North Arrow's price analysis, check to
measure North Arrow'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 North Arrow is operating at the current time. Most of North Arrow's value examination focuses on studying past and present price action to
predict the probability of North Arrow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Arrow's price. Additionally, you may evaluate how the addition of North Arrow to your portfolios can decrease your overall portfolio volatility.