Millbank Average Inventory vs Current Ratio Analysis
| MILL Stock | 0.48 0.01 2.13% |
Millbank Mining financial indicator trend analysis is infinitely more than just investigating Millbank Mining Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millbank Mining Corp is a good investment. Please check the relationship between Millbank Mining Average Inventory and its Current Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millbank Mining 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 bureau of economic analysis.
Average Inventory vs Current Ratio
Average Inventory vs Current Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millbank Mining Corp Average Inventory account and Current Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Millbank Mining's Average Inventory and Current Ratio is -0.03. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Millbank Mining Corp, assuming nothing else is changed. The correlation between historical values of Millbank Mining's Average Inventory and Current Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Millbank Mining Corp are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Average Inventory i.e., Millbank Mining's Average Inventory and Current Ratio go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Most indicators from Millbank Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Millbank Mining 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 Millbank Mining 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 bureau of economic analysis. Selling General Administrative is likely to climb to about 160.8 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (57.06) in 2024.
Millbank Mining fundamental ratios Correlations
Click cells to compare fundamentals
Millbank Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Millbank Stock Analysis
When running Millbank Mining's price analysis, check to measure Millbank Mining'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 Millbank Mining is operating at the current time. Most of Millbank Mining's value examination focuses on studying past and present price action to predict the probability of Millbank Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millbank Mining's price. Additionally, you may evaluate how the addition of Millbank Mining to your portfolios can decrease your overall portfolio volatility.