| NFG Stock | | | CAD 2.53 0.15 6.30% |
New Found financial indicator trend analysis is infinitely more than just investigating New Found Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Found Gold is a good investment. Please check the relationship between New Found Net Receivables and its Total Cash From Operating Activities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. 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.
Net Receivables vs Total Cash From Operating Activities
Net Receivables vs Total Cash From Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Found Gold Net Receivables account and
Total Cash From Operating Activities. At this time, the significance of the direction appears to have pay attention.
The correlation between New Found's Net Receivables and Total Cash From Operating Activities is -0.96. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of New Found Gold, assuming nothing else is changed. The correlation between historical values of New Found's Net Receivables and Total Cash From Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of New Found Gold are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Net Receivables i.e., New Found's Net Receivables and Total Cash From Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.96 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Receivables
Total Cash From Operating Activities
Most indicators from New Found's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Found Gold 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 New Found Gold. 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 10.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 66
M in 2024.
New Found fundamental ratios Correlations
Click cells to compare fundamentals
New Found Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Found fundamental ratios Accounts
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