| G1A Stock | | | 0.06 0.00 0.00% |
Galena Mining financial indicator trend analysis is much more than just examining Galena Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galena Mining is a good investment. Please check the relationship between Galena Mining Property Plant Equipment and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galena 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.
Property Plant Equipment vs Total Current Liabilities
Property Plant Equipment vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Galena Mining Property Plant Equipment account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Galena Mining's Property Plant Equipment and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Galena Mining, assuming nothing else is changed. The correlation between historical values of Galena Mining's Property Plant Equipment and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Galena Mining are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant Equipment i.e., Galena Mining's Property Plant Equipment and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Property Plant Equipment
Total Current Liabilities
Total Current Liabilities is an item on Galena Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Galena Mining are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Galena Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galena 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galena 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.
Issuance Of Capital Stock is likely to gain to about 44.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.1
M in 2024.
Galena Mining fundamental ratios Correlations
Click cells to compare fundamentals
Galena Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galena Mining fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Galena Stock Analysis
When running Galena Mining's price analysis, check to
measure Galena 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 Galena Mining is operating at the current time. Most of Galena Mining's value examination focuses on studying past and present price action to
predict the probability of Galena 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 Galena Mining's price. Additionally, you may evaluate how the addition of Galena Mining to your portfolios can decrease your overall portfolio volatility.