| PA Stock | | | CAD 0.13 0.01 7.14% |
Palamina Corp financial indicator trend analysis is much more than just breaking down Palamina Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palamina Corp is a good investment. Please check the relationship between Palamina Corp Depreciation And Amortization and its Interest Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palamina 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.
Depreciation And Amortization vs Interest Income
Depreciation And Amortization vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palamina Corp Depreciation And Amortization account and
Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Palamina Corp's Depreciation And Amortization and Interest Income is 0.42. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Income in the same time period over historical financial statements of Palamina Corp, assuming nothing else is changed. The correlation between historical values of Palamina Corp's Depreciation And Amortization and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Palamina Corp are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Depreciation And Amortization i.e., Palamina Corp's Depreciation And Amortization and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Palamina Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palamina 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palamina 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 4.9
M in 2024, whereas
Selling General Administrative is likely to drop 107.08 in 2024.
Palamina Corp fundamental ratios Correlations
Click cells to compare fundamentals
Palamina Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palamina Corp fundamental ratios Accounts
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