GNG Stock | | | CAD 0.03 0.01 25.00% |
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 Free Cash Flow Yield and its Average Payables 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.
Free Cash Flow Yield vs Average Payables
Free Cash Flow Yield vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Golden Goliath Resources Free Cash Flow Yield account and
Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Golden Goliath's Free Cash Flow Yield and Average Payables is -0.35. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Payables 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 Free Cash Flow Yield and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Golden Goliath Resources are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Yield i.e., Golden Goliath's Free Cash Flow Yield and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
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.
Selling General Administrative is likely to drop to about 249.1
K in 2024.
Issuance Of Capital Stock is likely to drop to about 160.5
K in 2024
Golden Goliath fundamental ratios Correlations
Click cells to compare fundamentals
Golden Goliath Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Goliath fundamental ratios Accounts
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