GIGA Stock | | | CAD 0.11 0.01 8.33% |
Giga Metals financial indicator trend analysis is much more than just examining Giga Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Giga Metals Corp is a good investment. Please check the relationship between Giga Metals Other Assets and its Cash And Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Metals 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 nation.
Other Assets vs Cash And Short Term Investments
Other Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Giga Metals Corp Other Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Giga Metals' Other Assets and Cash And Short Term Investments is 0.08. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Giga Metals Corp, assuming nothing else is changed. The correlation between historical values of Giga Metals' Other Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Giga Metals Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Assets i.e., Giga Metals' Other Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Assets
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Giga Metals Corp balance sheet. This account contains Giga Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Giga Metals Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Giga Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Giga Metals 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Metals 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 nation.
Selling General Administrative is likely to drop to about 1.5
M in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
Giga Metals fundamental ratios Correlations
Click cells to compare fundamentals
Giga Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Giga Metals fundamental ratios Accounts
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Additional Tools for Giga Stock Analysis
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measure Giga Metals' 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 Giga Metals is operating at the current time. Most of Giga Metals' value examination focuses on studying past and present price action to
predict the probability of Giga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Metals' price. Additionally, you may evaluate how the addition of Giga Metals to your portfolios can decrease your overall portfolio volatility.