| GRAT Stock | | | CAD 0.05 0.01 9.09% |
Gratomic financial indicator trend analysis is much more than just examining Gratomic latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gratomic is a good investment. Please check the relationship between Gratomic Non Currrent Assets Other and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gratomic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Non Currrent Assets Other vs Total Current Liabilities
Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gratomic Non Currrent Assets Other account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gratomic's Non Currrent Assets Other and Total Current Liabilities is -0.35. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Gratomic, assuming nothing else is changed. The correlation between historical values of Gratomic's Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Gratomic are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Gratomic's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Total Current Liabilities
Total Current Liabilities is an item on Gratomic balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gratomic are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Gratomic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gratomic 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 Gratomic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Selling General Administrative is likely to drop to about 2.9
M in 2024.
Issuance Of Capital Stock is likely to drop to about 3.3
M in 2024
Gratomic fundamental ratios Correlations
Click cells to compare fundamentals
Gratomic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gratomic fundamental ratios Accounts
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Additional Tools for Gratomic Stock Analysis
When running Gratomic's price analysis, check to
measure Gratomic'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 Gratomic is operating at the current time. Most of Gratomic's value examination focuses on studying past and present price action to
predict the probability of Gratomic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gratomic's price. Additionally, you may evaluate how the addition of Gratomic to your portfolios can decrease your overall portfolio volatility.