| VG Stock | | | CAD 0.09 0.01 5.56% |
Volcanic Gold financial indicator trend analysis is much more than just breaking down Volcanic Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcanic Gold Mines is a good investment. Please check the relationship between Volcanic Gold Gross Profit and its Total Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic 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.
Gross Profit vs Total Operating Expenses
Gross Profit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Volcanic Gold Mines Gross Profit account and
Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Volcanic Gold's Gross Profit and Total Operating Expenses is -0.36. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Volcanic Gold Mines, assuming nothing else is changed. The correlation between historical values of Volcanic Gold's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Volcanic Gold Mines are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Volcanic Gold's Gross Profit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Volcanic Gold Mines minus its cost of goods sold. It is profit before Volcanic Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Volcanic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcanic 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic 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.
Sales General And Administrative To Revenue is likely to climb to 76.05 in 2024, whereas
Selling General Administrative is likely to drop slightly above 267.4
K in 2024.
Volcanic Gold fundamental ratios Correlations
Click cells to compare fundamentals
Volcanic Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Volcanic Gold fundamental ratios Accounts
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Additional Tools for Volcanic Stock Analysis
When running Volcanic Gold's price analysis, check to
measure Volcanic 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 Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to
predict the probability of Volcanic 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 Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.