Foran Days Sales Outstanding vs Price To Sales Ratio Analysis

FOM Stock   4.10  0.04  0.97%   
Foran Mining financial indicator trend analysis is much more than just examining Foran Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foran Mining is a good investment. Please check the relationship between Foran Mining Days Sales Outstanding and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foran 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 board of governors.

Days Sales Outstanding vs Price To Sales Ratio

Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foran Mining Days Sales Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Foran Mining's Days Sales Outstanding and Price To Sales Ratio is 1.0. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Foran Mining, assuming nothing else is changed. The correlation between historical values of Foran Mining's Days Sales Outstanding and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Foran Mining are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Days Sales Outstanding i.e., Foran Mining's Days Sales Outstanding and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Days Sales Outstanding

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Foran Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Foran Mining sales, a figure that is much harder to manipulate than other Foran Mining multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Foran Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foran 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foran 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 board of governors.
At this time, Foran Mining's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value is likely to grow to about 634.8 M, while Tax Provision is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Other Operating Expenses6.4M9.6M17.6M18.5M
Depreciation And Amortization98K58K66.7K87.4K

Foran Mining fundamental ratios Correlations

1.01.0-0.04-0.99-0.86-0.211.01.01.00.970.9-0.210.991.00.930.40.950.450.93-0.380.961.01.00.240.83
1.01.0-0.1-0.99-0.83-0.171.00.991.00.970.87-0.180.981.00.910.380.960.460.91-0.350.981.01.00.20.81
1.01.0-0.05-0.99-0.86-0.21.00.991.00.970.9-0.210.981.00.920.40.950.440.92-0.380.971.01.00.230.83
-0.04-0.1-0.050.13-0.19-0.93-0.10.03-0.10.030.32-0.240.01-0.10.130.76-0.350.190.13-0.33-0.3-0.11-0.050.920.42
-0.99-0.99-0.990.130.810.14-1.0-0.97-1.0-0.98-0.850.15-0.96-1.0-0.87-0.38-0.95-0.44-0.870.33-0.97-0.99-0.99-0.17-0.81
-0.86-0.83-0.86-0.190.810.31-0.83-0.88-0.83-0.81-0.940.34-0.84-0.83-0.82-0.44-0.76-0.11-0.820.52-0.77-0.82-0.84-0.32-0.76
-0.21-0.17-0.2-0.930.140.31-0.17-0.25-0.17-0.3-0.460.15-0.26-0.17-0.36-0.90.12-0.39-0.350.280.05-0.15-0.2-1.0-0.66
1.01.01.0-0.1-1.0-0.83-0.170.981.00.970.87-0.160.981.00.910.380.960.450.91-0.330.971.01.00.20.81
1.00.990.990.03-0.97-0.88-0.250.980.980.950.93-0.250.990.980.950.410.930.450.95-0.430.940.980.990.280.84
1.01.01.0-0.1-1.0-0.83-0.171.00.980.970.87-0.160.981.00.910.380.960.450.91-0.330.971.01.00.20.81
0.970.970.970.03-0.98-0.81-0.30.970.950.970.89-0.180.930.970.850.550.880.50.85-0.370.910.970.970.330.89
0.90.870.90.32-0.85-0.94-0.460.870.930.870.89-0.380.890.870.860.590.750.40.87-0.590.780.870.890.480.87
-0.21-0.18-0.21-0.240.150.340.15-0.16-0.25-0.16-0.18-0.38-0.19-0.16-0.18-0.18-0.15-0.2-0.190.65-0.14-0.18-0.21-0.16-0.22
0.990.980.980.01-0.96-0.84-0.260.980.990.980.930.89-0.190.980.980.390.920.470.98-0.360.940.980.980.290.83
1.01.01.0-0.1-1.0-0.83-0.171.00.981.00.970.87-0.160.980.910.380.960.450.91-0.340.971.01.00.20.81
0.930.910.920.13-0.87-0.82-0.360.910.950.910.850.86-0.180.980.910.390.840.461.0-0.350.860.910.930.380.81
0.40.380.40.76-0.38-0.44-0.90.380.410.380.550.59-0.180.390.380.390.10.420.38-0.330.170.360.40.90.8
0.950.960.95-0.35-0.95-0.760.120.960.930.960.880.75-0.150.920.960.840.10.350.84-0.281.00.960.95-0.090.62
0.450.460.440.19-0.44-0.11-0.390.450.450.450.50.4-0.20.470.450.460.420.350.46-0.270.380.460.470.430.56
0.930.910.920.13-0.87-0.82-0.350.910.950.910.850.87-0.190.980.911.00.380.840.46-0.360.860.910.930.370.81
-0.38-0.35-0.38-0.330.330.520.28-0.33-0.43-0.33-0.37-0.590.65-0.36-0.34-0.35-0.33-0.28-0.27-0.36-0.3-0.35-0.39-0.29-0.41
0.960.980.97-0.3-0.97-0.770.050.970.940.970.910.78-0.140.940.970.860.171.00.380.86-0.30.980.97-0.020.67
1.01.01.0-0.11-0.99-0.82-0.151.00.981.00.970.87-0.180.981.00.910.360.960.460.91-0.350.981.00.180.81
1.01.01.0-0.05-0.99-0.84-0.21.00.991.00.970.89-0.210.981.00.930.40.950.470.93-0.390.971.00.230.83
0.240.20.230.92-0.17-0.32-1.00.20.280.20.330.48-0.160.290.20.380.9-0.090.430.37-0.29-0.020.180.230.68
0.830.810.830.42-0.81-0.76-0.660.810.840.810.890.87-0.220.830.810.810.80.620.560.81-0.410.670.810.830.68
Click cells to compare fundamentals

Foran Mining Account Relationship Matchups

Foran Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.9M42.2M174.9M236.7M542.5M569.6M
Total Current Liabilities365.6K390.2K13.7M14.7M45.2M47.4M
Total Stockholder Equity39.8M41.1M160.4M187.7M458.1M481.0M
Property Plant And Equipment Net40.2M40.9M89.1M141.3M121K115.0K
Net Debt(237.7K)(995.7K)(82.9M)(53.2M)(228.0M)(216.6M)
Retained Earnings(43.4M)(45.4M)(49.7M)(59.5M)(73.1M)(69.4M)
Accounts Payable265.3K(60.3K)(3.3M)(5.2M)5.4K5.7K
Cash391.6K1.0M84.0M87.3M266.5M279.8M
Non Current Assets Total40.4M41.1M89.3M148.4M271.8M285.3M
Cash And Short Term Investments391.6K1.0M84.0M87.3M266.5M279.8M
Net Receivables43.1K23.9K1.3M802K2.1M2.2M
Common Stock Shares Outstanding129.6M148.3M200.6M242.5M280.4M294.5M
Liabilities And Stockholders Equity40.9M42.2M174.9M236.7M542.5M569.6M
Other Stockholder Equity1.6M1.6M4.1M6.5M5.8M5.5M
Total Liab1.1M1.0M14.5M49.0M84.4M88.6M
Total Current Assets501.9K1.1M85.6M88.4M270.7M284.3M
Non Current Liabilities Total737.3K649.6K812K34.3M39.3M41.2M
Accumulated Other Comprehensive Income44.9K73.7K99K58K10.3M10.8M
Other Current Assets67.1K41.5K252K241K2.2M2.3M
Common Stock81.6M84.8M205.8M240.6M520.9M546.9M

Pair Trading with Foran Mining

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 Foran Mining 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 Foran Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Foran Stock

  0.89AG First Majestic SilverPairCorr
  0.85IE Ivanhoe EnergyPairCorr
  0.83FDY Faraday Copper CorpPairCorr

Moving against Foran Stock

  0.48HPQ HPQ Silicon ResourcesPairCorr
  0.31NG NovaGold ResourcesPairCorr
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining 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 Foran Mining - 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 Foran Mining to buy it.
The correlation of Foran Mining 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 Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining 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 Foran Mining 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 Foran Stock

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