| HAN Stock | | | CAD 0.68 0.05 6.85% |
Hannan Metals financial indicator trend analysis is much more than just examining Hannan Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hannan Metals is a good investment. Please check the relationship between Hannan Metals Operating Income and its Interest Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hannan Metals. 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.
Operating Income vs Interest Income
Operating Income vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hannan Metals Operating Income account and
Interest Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Hannan Metals' Operating Income and Interest Income is -0.79. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Hannan Metals, assuming nothing else is changed. The correlation between historical values of Hannan Metals' Operating Income and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Hannan Metals are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Operating Income i.e., Hannan Metals' Operating Income and Interest Income go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Hannan Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hannan Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Hannan Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hannan Metals 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 Hannan Metals. 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.
At this time, Hannan Metals'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 20.4
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 65.7
K in 2024.
Hannan Metals fundamental ratios Correlations
Click cells to compare fundamentals
Hannan Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hannan Metals fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Hannan Stock Analysis
When running Hannan Metals' price analysis, check to
measure Hannan 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 Hannan Metals is operating at the current time. Most of Hannan Metals' value examination focuses on studying past and present price action to
predict the probability of Hannan Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannan Metals' price. Additionally, you may evaluate how the addition of Hannan Metals to your portfolios can decrease your overall portfolio volatility.