NAR Stock | | | CAD 0.13 0.01 7.14% |
North Arrow financial indicator trend analysis is infinitely more than just investigating North Arrow Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Arrow Minerals is a good investment. Please check the relationship between North Arrow Total Stockholder Equity and its Other Stockholder Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Arrow Minerals. 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.
Total Stockholder Equity vs Other Stockholder Equity
Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North Arrow Minerals Total Stockholder Equity account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between North Arrow's Total Stockholder Equity and Other Stockholder Equity is -0.2. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of North Arrow Minerals, assuming nothing else is changed. The correlation between historical values of North Arrow's Total Stockholder Equity and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of North Arrow Minerals are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., North Arrow's Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Other Stockholder Equity
Most indicators from North Arrow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Arrow Minerals 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 North Arrow Minerals. 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.
Issuance Of Capital Stock is likely to climb to about 2.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 815.2
K in 2024.
North Arrow fundamental ratios Correlations
Click cells to compare fundamentals
North Arrow Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North Arrow fundamental ratios Accounts
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Additional Tools for North Stock Analysis
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