Starcore Net Interest Income vs Net Income Analysis
SAM Stock | CAD 0.13 0.02 13.33% |
Starcore International financial indicator trend analysis is much more than just breaking down Starcore International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Starcore International is a good investment. Please check the relationship between Starcore International Net Interest Income and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Starcore International 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.
Net Interest Income vs Net Income
Net Interest Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Starcore International Net Interest Income account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Starcore International's Net Interest Income and Net Income is -0.48. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Starcore International Mines, assuming nothing else is changed. The correlation between historical values of Starcore International's Net Interest Income and Net 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 Net Interest Income of Starcore International Mines are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Interest Income i.e., Starcore International's Net Interest Income and Net Income go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Starcore International financial statement analysis. It represents the amount of money remaining after all of Starcore International Mines operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Starcore International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Starcore International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Starcore International 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. At this time, Starcore International's Tax Provision is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.14, while Selling General Administrative is likely to drop about 3 M.
2020 | 2021 | 2023 | 2024 (projected) | |
Reconciled Depreciation | 4.5M | 3.5M | 3.1M | 3.5M |
Interest Income | 6K | 4K | 3.6K | 3.4K |
Starcore International fundamental ratios Correlations
Click cells to compare fundamentals
Starcore International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Starcore International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 54.4M | 46.5M | 52.0M | 50.9M | 52.0M | 42.4M | |
Total Current Liabilities | 6.3M | 2.7M | 3.8M | 3.3M | 4.2M | 4.9M | |
Total Stockholder Equity | 37.3M | 36.3M | 40.1M | 38.8M | 40.6M | 28.3M | |
Property Plant And Equipment Net | 43.1M | 34.5M | 35.8M | 30.6M | 38.1M | 31.6M | |
Net Debt | 2.8M | (3.4M) | (7.9M) | (2.3M) | (4.6M) | (4.3M) | |
Retained Earnings | (29.5M) | (26.6M) | (24.2M) | (29.5M) | (27.8M) | (26.4M) | |
Accounts Payable | 2.3M | 2.0M | 2.8M | 2.6M | 3.4M | 2.0M | |
Cash | 2.1M | 4.4M | 8.8M | 2.7M | 5.3M | 3.0M | |
Non Current Assets Total | 48.1M | 38.0M | 39.1M | 39.1M | 42.1M | 34.5M | |
Cash And Short Term Investments | 2.1M | 5.2M | 9.3M | 7.1M | 5.7M | 4.2M | |
Net Receivables | 2.3M | 1.2M | 1.6M | 2.0M | 216K | 205.2K | |
Liabilities And Stockholders Equity | 54.4M | 46.5M | 52.0M | 50.9M | 52.0M | 42.4M | |
Non Current Liabilities Total | 10.9M | 7.5M | 8.2M | 8.8M | 7.2M | 9.3M | |
Other Current Assets | 282K | 367K | 472K | 1.9M | 2.5M | 2.6M | |
Total Liab | 17.1M | 10.2M | 12.0M | 12.1M | 11.4M | 14.2M | |
Property Plant And Equipment Gross | 43.1M | 43.1M | 95.3M | 102.6M | 118.0M | 123.9M | |
Total Current Assets | 6.3M | 8.5M | 12.9M | 11.8M | 9.9M | 7.9M | |
Other Stockholder Equity | 16.1M | 12.2M | 13.5M | 5.0M | 5.8M | 5.5M | |
Accumulated Other Comprehensive Income | 16.1M | 12.2M | 13.5M | 16.4M | 15.1M | 8.4M | |
Short Long Term Debt Total | 4.9M | 947K | 898K | 384K | 758K | 720.1K | |
Other Current Liab | 120K | 192K | 332K | 490K | 297K | 282.2K | |
Short Term Debt | 3.8M | 447K | 636K | 216K | 442K | 419.9K | |
Inventory | 1.7M | 1.8M | 1.5M | 2.4M | 1.5M | 2.1M | |
Current Deferred Revenue | (332.0K) | (192K) | (279.0) | 24K | 27.6K | 29.0K | |
Other Liab | 10.0M | 9.8M | 7.0M | 8.0M | 7.2M | 8.6M | |
Net Tangible Assets | 39.0M | 37.3M | 36.3M | 40.1M | 36.0M | 37.7M | |
Other Assets | 5.0M | 3.5M | 3.3M | 2.8M | 2.5M | 3.7M | |
Property Plant Equipment | 43.1M | 34.5M | 35.8M | 36.3M | 32.7M | 36.6M | |
Long Term Debt Total | 1.1M | 500K | 262K | 168K | 151.2K | 143.6K | |
Net Invested Capital | 43.6M | 40.5M | 36.3M | 40.1M | 36.0M | 37.0M | |
Cash And Equivalents | 2.1M | 4.4M | 8.8M | 3.8M | 4.3M | 4.6M | |
Net Working Capital | 2.6M | 46K | 5.8M | 9.1M | 8.2M | 4.8M |
Pair Trading with Starcore International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Starcore International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Starcore International will appreciate offsetting losses from the drop in the long position's value.Moving against Starcore Stock
The ability to find closely correlated positions to Starcore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starcore International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Starcore International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Starcore International Mines to buy it.
The correlation of Starcore International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Starcore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starcore International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Starcore International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Starcore Stock
Balance Sheet is a snapshot of the financial position of Starcore International at a specified time, usually calculated after every quarter, six months, or one year. Starcore International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Starcore International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Starcore currently owns. An asset can also be divided into two categories, current and non-current.