| 0RQ9 Stock | | | 105.80 1.38 1.29% |
Lundin Mining financial indicator trend analysis is infinitely more than just investigating Lundin Mining Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lundin Mining Corp is a good investment. Please check the relationship between Lundin Mining Capital Surpluse and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lundin 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 Surpluse vs Cash And Short Term Investments
Capital Surpluse vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lundin Mining Corp Capital Surpluse account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lundin Mining's Capital Surpluse and Cash And Short Term Investments is -0.62. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Lundin Mining Corp, assuming nothing else is changed. The correlation between historical values of Lundin Mining's Capital Surpluse and Cash And Short Term Investments 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 Surpluse of Lundin Mining Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Capital Surpluse i.e., Lundin Mining's Capital Surpluse and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Surpluse
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Lundin Mining Corp balance sheet. This account contains Lundin Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Lundin Mining Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Lundin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lundin 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lundin 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.
Tax Provision is likely to drop to about 111.1
M in 2024.
Selling General Administrative is likely to drop to about 59.2
M in 2024
Lundin Mining fundamental ratios Correlations
Click cells to compare fundamentals
Lundin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lundin Mining fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Lundin Stock Analysis
When running Lundin Mining's price analysis, check to
measure Lundin Mining'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 Lundin Mining is operating at the current time. Most of Lundin Mining's value examination focuses on studying past and present price action to
predict the probability of Lundin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lundin Mining's price. Additionally, you may evaluate how the addition of Lundin Mining to your portfolios can decrease your overall portfolio volatility.