LUM Stock | | | CAD 0.50 0.03 6.38% |
Lumina Gold financial indicator trend analysis is infinitely more than just investigating Lumina Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumina Gold Corp is a good investment. Please check the relationship between Lumina Gold Ebitda and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina Gold Corp. 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.
Ebitda vs Selling General Administrative
Ebitda vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lumina Gold Corp Ebitda account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Lumina Gold's Ebitda and Selling General Administrative is -0.44. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Lumina Gold Corp, assuming nothing else is changed. The correlation between historical values of Lumina Gold's Ebitda and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Lumina Gold Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Ebitda i.e., Lumina Gold's Ebitda and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebitda
Selling General Administrative
Most indicators from Lumina Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumina Gold Corp 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina Gold Corp. 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.
Enterprise Value is likely to climb to about 95.5
M in 2024, whereas Selling General Administrative is likely to drop slightly above 2
M in 2024.
Lumina Gold fundamental ratios Correlations
Click cells to compare fundamentals
Lumina Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumina Gold fundamental ratios Accounts
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