Solaris Net Borrowings vs Other Non Cash Items Analysis

SLS Stock   4.81  0.16  3.44%   
Solaris Resources financial indicator trend analysis is much more than just breaking down Solaris Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solaris Resources is a good investment. Please check the relationship between Solaris Resources Net Borrowings and its Other Non Cash Items accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solaris Resources. 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 Borrowings vs Other Non Cash Items

Net Borrowings vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solaris Resources Net Borrowings account and Other Non Cash Items. At this time, the significance of the direction appears to have very week relationship.
The correlation between Solaris Resources' Net Borrowings and Other Non Cash Items is 0.25. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Solaris Resources, assuming nothing else is changed. The correlation between historical values of Solaris Resources' Net Borrowings 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 Net Borrowings of Solaris Resources 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 Net Borrowings i.e., Solaris Resources' Net Borrowings and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Other Non Cash Items

Most indicators from Solaris Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solaris Resources 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 Solaris Resources. 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.
As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 13.4 M, while Selling General Administrative is likely to drop about 5.2 M.

Solaris Resources fundamental ratios Correlations

0.760.90.980.58-0.91-0.570.621.00.371.00.440.650.640.780.611.00.960.730.590.15-0.44-0.810.40.990.72
0.760.610.730.85-0.69-0.710.970.740.440.740.760.730.880.590.580.750.730.810.660.48-0.58-0.790.270.650.8
0.90.610.930.37-0.98-0.240.410.910.250.910.130.350.510.610.290.910.980.420.2-0.24-0.33-0.660.080.920.41
0.980.730.930.54-0.93-0.520.570.980.330.980.430.590.540.820.520.980.970.70.510.05-0.45-0.780.30.970.7
0.580.850.370.54-0.37-0.910.880.530.610.530.880.770.680.70.810.540.490.820.780.62-0.48-0.730.60.480.83
-0.91-0.69-0.98-0.93-0.370.25-0.5-0.92-0.17-0.92-0.19-0.38-0.58-0.57-0.24-0.92-0.98-0.48-0.240.170.430.660.01-0.89-0.46
-0.57-0.71-0.24-0.52-0.910.25-0.77-0.53-0.57-0.53-0.92-0.86-0.52-0.81-0.93-0.54-0.39-0.92-0.95-0.750.440.69-0.81-0.5-0.94
0.620.970.410.570.88-0.5-0.770.590.470.590.850.770.850.530.610.590.550.830.730.65-0.55-0.740.320.480.82
1.00.740.910.980.53-0.92-0.530.590.291.00.40.60.620.770.571.00.970.70.560.09-0.48-0.760.370.990.7
0.370.440.250.330.61-0.17-0.570.470.290.290.520.740.40.430.550.290.260.490.460.560.36-0.80.440.320.49
1.00.740.910.980.53-0.92-0.530.591.00.290.40.60.620.770.571.00.970.70.560.09-0.48-0.760.370.990.7
0.440.760.130.430.88-0.19-0.920.850.40.520.40.830.510.680.730.410.290.910.870.81-0.45-0.650.550.330.92
0.650.730.350.590.77-0.38-0.860.770.60.740.60.830.610.70.780.60.470.890.860.75-0.23-0.830.610.570.88
0.640.880.510.540.68-0.58-0.520.850.620.40.620.510.610.270.510.630.610.580.530.45-0.42-0.680.240.540.57
0.780.590.610.820.7-0.57-0.810.530.770.430.770.680.70.270.770.770.680.830.730.29-0.44-0.690.660.780.84
0.610.580.290.520.81-0.24-0.930.610.570.550.570.730.780.510.770.580.410.80.910.64-0.36-0.640.940.580.83
1.00.750.910.980.54-0.92-0.540.591.00.291.00.410.60.630.770.580.960.710.560.1-0.49-0.770.370.990.7
0.960.730.980.970.49-0.98-0.390.550.970.260.970.290.470.610.680.410.960.560.36-0.08-0.46-0.720.180.950.56
0.730.810.420.70.82-0.48-0.920.830.70.490.70.910.890.580.830.80.710.560.930.7-0.5-0.780.610.651.0
0.590.660.20.510.78-0.24-0.950.730.560.460.560.870.860.530.730.910.560.360.930.81-0.43-0.650.810.520.94
0.150.48-0.240.050.620.17-0.750.650.090.560.090.810.750.450.290.640.1-0.080.70.81-0.06-0.510.560.040.7
-0.44-0.58-0.33-0.45-0.480.430.44-0.55-0.480.36-0.48-0.45-0.23-0.42-0.44-0.36-0.49-0.46-0.5-0.43-0.060.07-0.2-0.39-0.51
-0.81-0.79-0.66-0.78-0.730.660.69-0.74-0.76-0.8-0.76-0.65-0.83-0.68-0.69-0.64-0.77-0.72-0.78-0.65-0.510.07-0.41-0.75-0.77
0.40.270.080.30.60.01-0.810.320.370.440.370.550.610.240.660.940.370.180.610.810.56-0.2-0.410.410.65
0.990.650.920.970.48-0.89-0.50.480.990.320.990.330.570.540.780.580.990.950.650.520.04-0.39-0.750.410.65
0.720.80.410.70.83-0.46-0.940.820.70.490.70.920.880.570.840.830.70.561.00.940.7-0.51-0.770.650.65
Click cells to compare fundamentals

Solaris Resources Account Relationship Matchups

Solaris Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets32.3M94.9M57.7M38.5M61.8M51.5M
Total Current Liabilities456K7.3M12.7M8.8M5.4M5.5M
Total Stockholder Equity22.5M78.6M35.2M20.3M17.5M31.3M
Net Tangible Assets12.9M20.7M78.6M35.2M40.5M35.2M
Property Plant And Equipment Net20.3M21.0M22.7M23.0M21.9M23.5M
Net Debt(6.0M)(73.5M)(33.6M)(14.5M)(9.4M)(9.9M)
Retained Earnings(21.4M)(49.1M)(105.9M)(164.6M)(205.6M)(195.3M)
Accounts Payable379K3.2M10.8M8.3M5.3M4.4M
Cash6.1M73.6M33.9M14.8M38.9M26.3M
Non Current Assets Total26.2M21.1M22.8M23.3M22.4M24.8M
Cash And Short Term Investments6.1M73.6M33.9M14.8M38.9M26.3M
Long Term Debt Total65K79K188K90K103.5K77.4K
Liabilities And Stockholders Equity32.3M94.9M57.7M38.5M61.8M51.5M
Other Current Assets98K244K724K137K230K242K
Other Stockholder Equity811K16.5M0.013.9M15.1M15.9M
Total Liab2.0M8.4M14.5M10.3M36.4M38.2M
Total Current Assets6.2M73.8M34.9M15.3M39.4M26.7M
Cash And Equivalents6.1M73.6M33.9M14.8M17.0M23.6M
Short Term Debt32K56K136K145K88K71.8K
Common Stock43.1M110.2M119.6M170.0M206.4M111.3M
Property Plant Equipment20.3M21.0M22.7M23.0M26.4M23.4M
Non Currrent Assets Other5.8M70K74K313K571K1.1M
Other Assets0.070K74K313K281.7K340.8K
Non Current Liabilities Total1.6M1.0M1.9M1.5M31.0M32.6M
Capital Lease Obligations97K135K324K235K91K161.7K
Net Invested Capital22.5M78.6M35.2M20.3M46.9M39.7M
Accumulated Other Comprehensive Income811K1.0M21.6M1.0M1.6M1.5M
Capital Stock43.1M110.2M119.6M170.0M206.4M125.0M
Net Working Capital5.7M66.5M22.2M6.4M34.0M24.8M

Pair Trading with Solaris Resources

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 Solaris Resources 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 Solaris Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Solaris Stock

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The ability to find closely correlated positions to Solaris Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solaris Resources 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 Solaris Resources - 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 Solaris Resources to buy it.
The correlation of Solaris Resources 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 Solaris Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solaris Resources 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 Solaris Resources 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Solaris Stock

Balance Sheet is a snapshot of the financial position of Solaris Resources at a specified time, usually calculated after every quarter, six months, or one year. Solaris Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Solaris Resources 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 Solaris currently owns. An asset can also be divided into two categories, current and non-current.