| SGML Stock | | | 18.55 0.41 2.16% |
Sigma Lithium financial indicator trend analysis is much more than just breaking down Sigma Lithium Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sigma Lithium Resources is a good investment. Please check the relationship between Sigma Lithium Cash and its Total Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sigma Lithium Resources. 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.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sigma Lithium Resources Cash account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sigma Lithium's Cash and Total Assets is 0.65. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Sigma Lithium Resources, assuming nothing else is changed. The correlation between historical values of Sigma Lithium's Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sigma Lithium Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Sigma Lithium's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Sigma Lithium Resources, which is listed under current asset account on Sigma Lithium Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sigma Lithium customers. The amounts must be unrestricted with restricted cash listed in a different Sigma Lithium 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.
Total Assets
Total assets refers to the total amount of Sigma Lithium assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sigma Lithium Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Sigma Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sigma Lithium Resources 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sigma Lithium Resources. 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.
At this time, Sigma Lithium's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 3.7
M in 2024.
Sigma Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Sigma Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sigma Lithium fundamental ratios Accounts
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Additional Tools for Sigma Stock Analysis
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