Eastern Common Stock Shares Outstanding vs Other Current Assets Analysis

ELR Stock  CAD 0.14  0.02  12.50%   
Eastern Platinum financial indicator trend analysis is much more than just examining Eastern Platinum latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Platinum is a good investment. Please check the relationship between Eastern Platinum Common Stock Shares Outstanding and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Platinum Limited. 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.

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Platinum Common Stock Shares Outstanding account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eastern Platinum's Common Stock Shares Outstanding and Other Current Assets is -0.04. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Eastern Platinum Limited, assuming nothing else is changed. The correlation between historical values of Eastern Platinum's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Eastern Platinum Limited 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 Common Stock Shares Outstanding i.e., Eastern Platinum's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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 Eastern Platinum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Platinum 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Platinum Limited. 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, Eastern Platinum's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Tax Provision is likely to grow to about 45.1 K, while Sales General And Administrative To Revenue is likely to drop 0.06.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation7.1M4.3M6.2M3.9M
Interest Income3.2M1.6M1.2M1.5M

Eastern Platinum fundamental ratios Correlations

0.090.990.99-0.910.370.110.940.99-0.660.950.190.080.20.840.250.520.940.10.790.460.820.350.190.020.85
0.09-0.050.05-0.22-0.240.420.220.04-0.220.010.870.67-0.270.160.610.670.260.990.170.76-0.19-0.4-0.13-0.680.18
0.99-0.050.98-0.880.390.00.910.98-0.610.970.050.010.170.810.120.410.91-0.030.750.360.870.440.230.150.82
0.990.050.98-0.880.360.110.921.0-0.60.930.160.060.250.80.260.50.90.060.740.430.790.360.20.040.86
-0.91-0.22-0.88-0.88-0.46-0.14-0.96-0.870.73-0.91-0.34-0.080.03-0.87-0.17-0.5-0.95-0.22-0.82-0.47-0.74-0.21-0.070.13-0.86
0.37-0.240.390.36-0.46-0.320.440.35-0.420.44-0.21-0.71-0.190.45-0.35-0.080.37-0.210.39-0.060.470.22-0.590.20.35
0.110.420.00.11-0.14-0.320.160.1-0.33-0.070.750.320.660.220.880.510.130.290.330.25-0.31-0.670.12-0.880.26
0.940.220.910.92-0.960.440.160.91-0.780.920.330.10.070.90.260.510.960.220.850.480.720.130.08-0.10.91
0.990.040.981.0-0.870.350.10.91-0.590.920.150.060.250.780.250.50.890.050.730.420.790.370.210.050.85
-0.66-0.22-0.61-0.60.73-0.42-0.33-0.78-0.59-0.71-0.340.06-0.13-0.95-0.31-0.35-0.79-0.2-0.97-0.43-0.550.220.060.33-0.61
0.950.010.970.93-0.910.44-0.070.920.92-0.710.070.030.010.880.040.380.960.040.810.390.930.450.140.140.75
0.190.870.050.16-0.34-0.210.750.330.15-0.340.070.630.080.270.780.760.330.80.310.58-0.19-0.53-0.09-0.870.33
0.080.670.010.06-0.08-0.710.320.10.060.060.030.63-0.08-0.030.470.550.180.64-0.040.42-0.11-0.120.39-0.340.06
0.2-0.270.170.250.03-0.190.660.070.25-0.130.010.08-0.080.120.590.120.02-0.370.21-0.19-0.09-0.270.25-0.310.2
0.840.160.810.8-0.870.450.220.90.78-0.950.880.27-0.030.120.260.420.920.160.980.490.740.030.03-0.180.74
0.250.610.120.26-0.17-0.350.880.260.25-0.310.040.780.470.590.260.680.230.520.330.52-0.21-0.540.1-0.810.33
0.520.670.410.5-0.5-0.080.510.510.5-0.350.380.760.550.120.420.680.530.650.40.740.19-0.09-0.03-0.50.51
0.940.260.910.9-0.950.370.130.960.89-0.790.960.330.180.020.920.230.530.260.870.530.820.250.1-0.110.79
0.10.99-0.030.06-0.22-0.210.290.220.05-0.20.040.80.64-0.370.160.520.650.260.150.81-0.14-0.31-0.14-0.580.17
0.790.170.750.74-0.820.390.330.850.73-0.970.810.31-0.040.210.980.330.40.870.150.460.65-0.10.07-0.280.7
0.460.760.360.43-0.47-0.060.250.480.42-0.430.390.580.42-0.190.490.520.740.530.810.460.23-0.080.03-0.390.45
0.82-0.190.870.79-0.740.47-0.310.720.79-0.550.93-0.19-0.11-0.090.74-0.210.190.82-0.140.650.230.680.110.360.49
0.35-0.40.440.36-0.210.22-0.670.130.370.220.45-0.53-0.12-0.270.03-0.54-0.090.25-0.31-0.1-0.080.680.10.690.0
0.19-0.130.230.2-0.07-0.590.120.080.210.060.14-0.090.390.250.030.1-0.030.1-0.140.070.030.110.10.130.11
0.02-0.680.150.040.130.2-0.88-0.10.050.330.14-0.87-0.34-0.31-0.18-0.81-0.5-0.11-0.58-0.28-0.390.360.690.13-0.12
0.850.180.820.86-0.860.350.260.910.85-0.610.750.330.060.20.740.330.510.790.170.70.450.490.00.11-0.12
Click cells to compare fundamentals

Eastern Platinum Account Relationship Matchups

Eastern Platinum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets164.8M163.0M162.8M155.6M160.8M152.7M
Total Current Liabilities11.7M11.9M16.4M75.9M69.0M72.5M
Total Stockholder Equity138.2M125.6M122.5M71.9M88.1M83.7M
Property Plant And Equipment Net135.4M136.6M124.2M112.2M100.8M95.7M
Net Debt(1.9M)2.8M1.5M2.7M(16.7M)(17.5M)
Retained Earnings(800.0M)(808.0M)(808.8M)(852.2M)(836.8M)(794.9M)
Accounts Payable9.1M7.5M10.1M5.2M5.7M5.3M
Cash2.0M1.8M2.2M2.4M18.1M19.2M
Non Current Assets Total146.0M147.0M131.8M119.2M107.2M101.9M
Non Currrent Assets Other10.6M10.4M7.5M7.0M6.5M6.8M
Cash And Short Term Investments2.0M1.8M6.1M2.4M21.3M20.3M
Net Receivables13.0M10.0M21.4M20.5M27.7M29.0M
Common Stock Shares Outstanding92.8M96.7M135.4M137.8M179.0M188.0M
Liabilities And Stockholders Equity164.8M163.0M162.8M155.6M160.8M152.7M
Non Current Liabilities Total59.7M69.8M66.0M8.2M4.1M3.9M
Other Stockholder Equity297K1.1M1.2M2.7M1.1M1.0M
Total Liab71.3M81.7M82.4M84.2M73.1M59.6M
Property Plant And Equipment Gross135.4M136.6M693.0M651.2M532.0M385.3M
Total Current Assets18.8M16.0M31.0M36.4M53.5M83.5M
Accumulated Other Comprehensive Income(292.2M)(299.3M)(310.7M)(317.8M)(322.2M)(306.1M)
Other Current Liab2.5M3.1M4.9M66.1M52.9M55.6M
Other Current Assets(492K)2.8M2.6M1.7M2.1M0.0
Inventory1.1M1.6M1.8M11.3M4.5M3.9M
Short Term Investments17.2M1.4M0.03.9M3.2M3.1M
Short Term Debt18K1.3M1.4M4.7M1.4M1.3M
Other Assets8.8M10.6M10.4M7.5M8.7M7.1M
Short Long Term Debt Total63K4.6M3.7M5.1M1.5M1.4M
Current Deferred Revenue2.5M3.1M4.4M17.3M9.0M5.4M
Other Liab17.5M17.3M15.9M13.9M12.5M12.0M
Net Tangible Assets134.3M138.2M125.6M122.5M110.2M141.6M
Property Plant Equipment133.7M135.4M136.6M124.2M111.8M103.4M
Capital Surpluse410K501K1.3M1.2M1.4M831.4K
Cash And Equivalents3.1M1.7M936K1.1M1.0M969.6K
Net Invested Capital138.2M125.6M122.5M74.8M89.0M98.8M
Net Working Capital7.2M4.1M14.6M(39.5M)(15.5M)(14.7M)

Pair Trading with Eastern Platinum

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 Eastern Platinum 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 Eastern Platinum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastern Stock

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

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