Excellon Change To Liabilities vs Change To Account Receivables Analysis
EXN Stock | CAD 0.10 0.01 9.09% |
Excellon Resources financial indicator trend analysis is much more than just examining Excellon Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Excellon Resources is a good investment. Please check the relationship between Excellon Resources Change To Liabilities and its Change To Account Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Excellon Resources. 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.
Change To Liabilities vs Change To Account Receivables
Change To Liabilities vs Change To Account Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Excellon Resources Change To Liabilities account and Change To Account Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Excellon Resources' Change To Liabilities and Change To Account Receivables is -0.05. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Excellon Resources, assuming nothing else is changed. The correlation between historical values of Excellon Resources' Change To Liabilities and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Excellon Resources are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change To Liabilities i.e., Excellon Resources' Change To Liabilities and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Liabilities
Change To Account Receivables
Most indicators from Excellon Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Excellon Resources 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 Excellon Resources. 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. As of the 12th of December 2024, Selling General Administrative is likely to grow to about 5.6 M, though Tax Provision is likely to grow to (705.9 K).
Excellon Resources fundamental ratios Correlations
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Excellon Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Excellon Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.2M | 73.3M | 41.6M | 26.7M | 16.6M | 15.8M | |
Short Long Term Debt Total | 1.3M | 8.1M | 9.7M | 11.5M | 12.0M | 9.3M | |
Other Current Liab | 4.4M | 3.9M | 28.1M | 28.0M | 6.2M | 6.3M | |
Total Current Liabilities | 9.1M | 12.0M | 34.2M | 46.5M | 25.7M | 27.0M | |
Total Stockholder Equity | 42.2M | 50.4M | (4.5M) | (21.9M) | (9.8M) | (9.3M) | |
Net Debt | (5.1M) | (267K) | 5.6M | 10.0M | 11.3M | 11.9M | |
Retained Earnings | (88.4M) | (104.4M) | (162.2M) | (181.0M) | (174.5M) | (165.7M) | |
Accounts Payable | 2.7M | 4.3M | 4.0M | 4.6M | 4.5M | 3.2M | |
Cash | 6.3M | 8.4M | 4.1M | 1.5M | 691K | 656.5K | |
Cash And Short Term Investments | 6.7M | 10.7M | 4.5M | 1.5M | 744K | 706.8K | |
Common Stock Shares Outstanding | 20.7M | 28.9M | 32.7M | 34.9M | 42.9M | 45.0M | |
Liabilities And Stockholders Equity | 55.2M | 73.3M | 41.6M | 26.7M | 16.6M | 15.8M | |
Non Current Liabilities Total | 3.8M | 10.8M | 11.9M | 2.1M | 748K | 710.6K | |
Other Current Assets | 5.2M | 6.9M | 5.3M | 3.8M | 497K | 472.2K | |
Other Stockholder Equity | 28.7M | 34.0M | 34.6M | 34.8M | 33.7M | 32.4M | |
Total Liab | 13.0M | 22.8M | 46.0M | 48.6M | 26.5M | 16.8M | |
Total Current Assets | 16.8M | 21.8M | 12.2M | 5.9M | 1.2M | 1.2M | |
Accumulated Other Comprehensive Income | (13.0M) | (15.4M) | (15.9M) | (16.7M) | (12.5M) | (11.8M) | |
Property Plant And Equipment Net | 27.5M | 46.3M | 29.3M | 20.7M | 15.4M | 26.3M | |
Non Current Assets Total | 38.4M | 51.5M | 29.3M | 20.7M | 15.4M | 14.6M | |
Non Currrent Assets Other | 34.7M | 38.4M | (29.3M) | (20.7M) | 41K | 39.0K | |
Net Receivables | 2.3M | 1.8M | 326K | 690K | 180K | 171K | |
Short Term Investments | 348K | 2.4M | 454K | 5K | 53K | 50.4K | |
Property Plant And Equipment Gross | 27.5M | 46.3M | 96.0M | 100.6M | 115.7M | 121.4M | |
Short Term Debt | 489K | 405K | 212K | 11.5M | 12.0M | 12.6M | |
Inventory | 2.6M | 2.4M | 2.1M | 1.8M | 303K | 287.9K | |
Common Stock Total Equity | 103.6M | 106.8M | 114.8M | 136.2M | 156.6M | 96.9M | |
Common Stock | 114.8M | 136.2M | 139.0M | 141.1M | 143.4M | 113.5M | |
Other Liab | 2.2M | 3.1M | 3.1M | 2.4M | 2.2M | 3.1M | |
Net Tangible Assets | 40.2M | 42.2M | 50.4M | (4.5M) | (4.0M) | (3.8M) | |
Intangible Assets | 2.7M | 20.5M | 20.3M | 20.5M | 23.6M | 12.1M | |
Property Plant Equipment | 27.5M | 46.3M | 29.3M | 229K | 206.1K | 195.8K | |
Long Term Debt Total | 788K | 7.7M | 9.5M | 47K | 54.1K | 51.3K | |
Capital Surpluse | 28.7M | 34.0M | 34.6M | 34.8M | 40.0M | 29.3M | |
Cash And Equivalents | 6.3M | 8.4M | 4.1M | 1.5M | 1.3M | 1.3M | |
Net Invested Capital | 42.2M | 57.7M | 4.8M | (10.6M) | 2.1M | 2.0M |
Pair Trading with Excellon Resources
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 Excellon Resources 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 Excellon Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Excellon Stock
The ability to find closely correlated positions to Excellon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellon Resources 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 Excellon Resources - 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 Excellon Resources to buy it.
The correlation of Excellon Resources 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 Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources 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 Excellon Resources 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.Other Information on Investing in Excellon Stock
Balance Sheet is a snapshot of the financial position of Excellon Resources at a specified time, usually calculated after every quarter, six months, or one year. Excellon Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Excellon Resources 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 Excellon currently owns. An asset can also be divided into two categories, current and non-current.