JAX Stock | | | CAD 0.01 0.00 0.00% |
Jaxon Mining financial indicator trend analysis is infinitely more than just investigating Jaxon Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jaxon Mining is a good investment. Please check the relationship between Jaxon Mining Property Plant Equipment and its Net Debt accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jaxon Mining. 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.
Property Plant Equipment vs Net Debt
Property Plant Equipment vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jaxon Mining Property Plant Equipment account and
Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Jaxon Mining's Property Plant Equipment and Net Debt is -0.59. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Debt in the same time period over historical financial statements of Jaxon Mining, assuming nothing else is changed. The correlation between historical values of Jaxon Mining's Property Plant Equipment and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Jaxon Mining are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant Equipment i.e., Jaxon Mining's Property Plant Equipment and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Jaxon Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jaxon Mining 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 Jaxon Mining. 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 787.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 145.6
K in 2024.
Jaxon Mining fundamental ratios Correlations
Click cells to compare fundamentals
Jaxon Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jaxon Mining fundamental ratios Accounts
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