Generation Selling General Administrative vs Short Term Debt Analysis
GENM Stock | CAD 0.14 0.01 6.67% |
Generation Mining financial indicator trend analysis is much more than just examining Generation Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generation Mining is a good investment. Please check the relationship between Generation Mining Selling General Administrative and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation 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.
Selling General Administrative vs Short Term Debt
Selling General Administrative vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Generation Mining Selling General Administrative account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Generation Mining's Selling General Administrative and Short Term Debt is 0.53. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Generation Mining, assuming nothing else is changed. The correlation between historical values of Generation Mining's Selling General Administrative and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Generation Mining are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Selling General Administrative i.e., Generation Mining's Selling General Administrative and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Selling General Administrative
Short Term Debt
Most indicators from Generation Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generation 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 Generation 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, Generation Mining's Selling General Administrative is very stable compared to the past year. As of the 30th of December 2024, Enterprise Value is likely to grow to about 42.1 M, while Issuance Of Capital Stock is likely to drop about 8.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 4.7M | 52.5M | 17.7M | 11.6M | Cost Of Revenue | 97.3K | 1.7M | 1.5M | 971.4K |
Generation Mining fundamental ratios Correlations
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Generation Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Generation Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9M | 15.7M | 8.2M | 25.0M | 20.2M | 21.2M | |
Short Long Term Debt Total | 611.1K | 223.2K | 191.4K | 3.3M | 2.5M | 2.7M | |
Other Current Liab | 289.0K | 1.7M | 2.3M | 5.0M | 2.3M | 1.8M | |
Total Current Liabilities | 496.4K | 1.8M | 2.3M | 8.1M | 4.8M | 5.0M | |
Total Stockholder Equity | 2.2M | 13.7M | 5.7M | (24.1M) | (29.4M) | (27.9M) | |
Net Tangible Assets | 2.2M | 13.7M | 5.7M | (24.1M) | (21.7M) | (20.6M) | |
Current Deferred Revenue | (259.5) | (1.7K) | (1.8K) | (4.4K) | (1.9K) | (2.0K) | |
Net Debt | (788.0K) | (11.4M) | (5.2M) | (15.5M) | (13.9M) | (13.2M) | |
Accounts Payable | 259.5K | 1.7M | 1.8M | 4.4K | 1.9K | 1.8K | |
Cash | 1.2M | 11.7M | 5.4M | 18.8M | 16.5M | 17.3M | |
Cash And Short Term Investments | 1.5M | 14.2M | 6.6M | 18.8M | 16.5M | 17.3M | |
Net Receivables | 540.9K | 483.1K | 728.0K | 1.7M | 124.9K | 118.6K | |
Common Stock Shares Outstanding | 66.7M | 125.8M | 145.7M | 178.1M | 188.6M | 107.0M | |
Liabilities And Stockholders Equity | 2.9M | 15.7M | 8.2M | 25.0M | 20.2M | 21.2M | |
Other Current Assets | 13.0K | 142.8K | 100.3K | 218.2K | 136.6K | 95.7K | |
Total Liab | 719.5K | 2.0M | 2.5M | 49.1M | 49.6M | 52.1M | |
Total Current Assets | 2.0M | 14.9M | 7.5M | 20.7M | 16.7M | 8.4M | |
Short Term Debt | 207.4K | 31.8K | 39.9K | 3.1M | 2.5M | 2.6M | |
Common Stock | 11.6M | 28.4M | 38.9M | 66.7M | 80.4M | 84.5M | |
Retained Earnings | (15.4M) | (23.8M) | (40.8M) | (96.8M) | (114.6M) | (108.9M) | |
Non Current Assets Total | 879.9K | 803.0K | 705.7K | 4.3M | 3.5M | 3.7M | |
Non Current Liabilities Total | 223.2K | 191.4K | 151.5K | 41.0M | 44.8M | 47.1M | |
Net Invested Capital | 2.4M | 13.7M | 5.7M | (24.1M) | (29.4M) | (27.9M) | |
Net Working Capital | 1.6M | 13.1M | 5.1M | 12.6M | 11.9M | 7.4M | |
Long Term Debt Total | 403.7K | 191.4K | 151.5K | 201.4K | 181.2K | 177.8K | |
Other Stockholder Equity | 4.5M | 6.4M | 2.7M | 6.1M | 7.0M | 4.5M | |
Accumulated Other Comprehensive Income | 1.4M | 2.7M | 4.9M | 6.1M | 4.8M | 3.7M | |
Capital Stock | 11.6M | 28.4M | 38.9M | 66.7M | 80.4M | 42.0M |
Pair Trading with Generation 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 Generation 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 Generation Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Generation Stock
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0.66 | INFM | Infinico Metals Corp | PairCorr |
Moving against Generation Stock
0.85 | ERE-UN | European Residential Real | PairCorr |
0.85 | TCS | TECSYS Inc | PairCorr |
0.84 | DBO | D Box Technologies | PairCorr |
0.76 | ENS-PA | E Split Corp | PairCorr |
0.74 | FFH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Generation 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 Generation 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 Generation 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 Generation Mining to buy it.
The correlation of Generation 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 Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation 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 Generation 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.Other Information on Investing in Generation Stock
Balance Sheet is a snapshot of the financial position of Generation Mining at a specified time, usually calculated after every quarter, six months, or one year. Generation Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Generation 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 Generation currently owns. An asset can also be divided into two categories, current and non-current.