ORS Stock | | | CAD 0.02 0.01 33.33% |
Orestone Mining financial indicator trend analysis is much more than just breaking down Orestone Mining Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orestone Mining Corp is a good investment. Please check the relationship between Orestone Mining Capital Stock and its Net Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orestone Mining 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.
Capital Stock vs Net Debt
Capital Stock vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orestone Mining Corp Capital Stock account and
Net Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Orestone Mining's Capital Stock and Net Debt is 0.02. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of Orestone Mining Corp, assuming nothing else is changed. The correlation between historical values of Orestone Mining's Capital Stock and Net Debt 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 Stock of Orestone Mining Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Capital Stock i.e., Orestone Mining's Capital Stock and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Orestone Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orestone Mining 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orestone Mining 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, Orestone Mining's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 2.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Orestone Mining fundamental ratios Correlations
Click cells to compare fundamentals
Orestone Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orestone Mining fundamental ratios Accounts
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Additional Tools for Orestone Stock Analysis
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