YGT Stock | | | CAD 0.06 0.01 9.09% |
Gold Terra financial indicator trend analysis is much more than just examining Gold Terra Resource latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Terra Resource is a good investment. Please check the relationship between Gold Terra Capital Stock and its Non Current Assets Total accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Gold Terra Resource. 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 Non Current Assets Total
Capital Stock vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gold Terra Resource Capital Stock account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Gold Terra's Capital Stock and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Gold Terra Resource, assuming nothing else is changed. The correlation between historical values of Gold Terra's Capital Stock and Non Current Assets Total 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 Gold Terra Resource are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Capital Stock i.e., Gold Terra's Capital Stock and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Gold Terra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Terra Resource 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Gold Terra Resource. 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, Gold Terra's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 18
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.5
M in 2024.
Gold Terra fundamental ratios Correlations
Click cells to compare fundamentals
Gold Terra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Terra fundamental ratios Accounts
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