Capitan Inventory vs Other Current Assets Analysis
CAPT Stock | CAD 0.34 0.01 3.03% |
Capitan Mining financial indicator trend analysis is way more than just evaluating Capitan Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Capitan Mining is a good investment. Please check the relationship between Capitan Mining Inventory and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capitan Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Inventory vs Other Current Assets
Inventory vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Capitan Mining Inventory account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Capitan Mining's Inventory and Other Current Assets is -0.49. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Capitan Mining, assuming nothing else is changed. The correlation between historical values of Capitan Mining's Inventory and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Capitan Mining are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., Capitan Mining's Inventory and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Inventory
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Capitan Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capitan Mining 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 Capitan Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. Selling General Administrative is likely to climb to about 631.8 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2 M in 2024.
Capitan Mining fundamental ratios Correlations
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Capitan Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Capitan Stock Analysis
When running Capitan Mining's price analysis, check to measure Capitan 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 Capitan Mining is operating at the current time. Most of Capitan Mining's value examination focuses on studying past and present price action to predict the probability of Capitan 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 Capitan Mining's price. Additionally, you may evaluate how the addition of Capitan Mining to your portfolios can decrease your overall portfolio volatility.