| GLB Stock | | | CAD 0.18 0.00 0.00% |
Goldbank Mining financial indicator trend analysis is much more than just examining Goldbank Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldbank Mining Corp is a good investment. Please check the relationship between Goldbank Mining Common Stock and its Other Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldbank Mining 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 board of governors.
Common Stock vs Other Assets
Common Stock vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goldbank Mining Corp Common Stock account and
Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goldbank Mining's Common Stock and Other Assets is -0.42. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Goldbank Mining Corp, assuming nothing else is changed. The correlation between historical values of Goldbank Mining's Common Stock and Other 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 Common Stock of Goldbank Mining Corp are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., Goldbank Mining's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.42 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Common Stock
Other Assets
Most indicators from Goldbank Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldbank Mining 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 Goldbank Mining 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 board of governors.
Selling General Administrative is likely to climb to about 627.3
K in 2024.
Issuance Of Capital Stock is likely to climb to about 2.6
M in 2024
Goldbank Mining fundamental ratios Correlations
Click cells to compare fundamentals
Goldbank Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goldbank Mining fundamental ratios Accounts
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Additional Tools for Goldbank Stock Analysis
When running Goldbank Mining's price analysis, check to
measure Goldbank 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 Goldbank Mining is operating at the current time. Most of Goldbank Mining's value examination focuses on studying past and present price action to
predict the probability of Goldbank 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 Goldbank Mining's price. Additionally, you may evaluate how the addition of Goldbank Mining to your portfolios can decrease your overall portfolio volatility.