Golden Goliath financial indicator trend analysis is much more than just examining Golden Goliath Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Goliath Resources is a good investment. Please check the relationship between Golden Goliath Book Value Per Share and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Goliath Resources. 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.
Book Value Per Share vs Net Income Per Share
Book Value Per Share vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Goliath Resources Book Value Per Share account and Net Income Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Golden Goliath's Book Value Per Share and Net Income Per Share is -0.59. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Golden Goliath Resources, assuming nothing else is changed. The correlation between historical values of Golden Goliath's Book Value Per Share and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Golden Goliath Resources are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Book Value Per Share i.e., Golden Goliath's Book Value Per Share and Net Income Per Share go up and down completely randomly.
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Net Income Per Share
Most indicators from Golden Goliath's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Goliath Resources 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 Golden Goliath Resources. 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.
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When running Golden Goliath's price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.