FISH Stock | | | CAD 1.42 0.04 2.90% |
Sailfish Royalty financial indicator trend analysis is much more than just breaking down Sailfish Royalty Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sailfish Royalty Corp is a good investment. Please check the relationship between Sailfish Royalty Cash and its Other Current Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Sailfish Royalty 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 rate.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sailfish Royalty Corp Cash account and
Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Sailfish Royalty's Cash and Other Current Assets is 0.32. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Sailfish Royalty Corp, assuming nothing else is changed. The correlation between historical values of Sailfish Royalty's Cash 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 Cash of Sailfish Royalty Corp 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 Cash i.e., Sailfish Royalty's Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Sailfish Royalty Corp, which is listed under current asset account on Sailfish Royalty Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sailfish Royalty customers. The amounts must be unrestricted with restricted cash listed in a different Sailfish Royalty account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Sailfish Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sailfish Royalty 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Sailfish Royalty 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 rate.
Selling General Administrative is likely to climb to about 1.8
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.67 in 2024.
Sailfish Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Sailfish Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sailfish Royalty fundamental ratios Accounts
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Additional Tools for Sailfish Stock Analysis
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