PGDC Stock | | | CAD 0.03 0.01 25.00% |
Patagonia Gold financial indicator trend analysis is much more than just breaking down Patagonia Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patagonia Gold Corp is a good investment. Please check the relationship between Patagonia Gold Total Current Assets and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patagonia 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 main economic indicators.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Patagonia Gold Corp Total Current Assets account and
Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Patagonia Gold's Total Current Assets and Cash is 0.18. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Patagonia Gold Corp, assuming nothing else is changed. The correlation between historical values of Patagonia Gold's Total Current Assets and Cash 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 Current Assets of Patagonia Gold Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Patagonia Gold's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash
Cash refers to the most liquid asset of Patagonia Gold Corp, which is listed under current asset account on Patagonia Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Patagonia Gold customers. The amounts must be unrestricted with restricted cash listed in a different Patagonia Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Patagonia Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patagonia 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patagonia 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 main economic indicators.
At this time, Patagonia Gold's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 8.9
M in 2024, despite the fact that
Tax Provision is likely to grow to (151.3
K).
Patagonia Gold fundamental ratios Correlations
Click cells to compare fundamentals
Patagonia Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patagonia Gold fundamental ratios Accounts
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Additional Tools for Patagonia Stock Analysis
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measure Patagonia Gold'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 Patagonia Gold is operating at the current time. Most of Patagonia Gold's value examination focuses on studying past and present price action to
predict the probability of Patagonia Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patagonia Gold's price. Additionally, you may evaluate how the addition of Patagonia Gold to your portfolios can decrease your overall portfolio volatility.