Titan Ebitda vs Net Income From Continuing Ops Analysis

TI Stock  CAD 0.31  0.03  10.71%   
Titan Mining financial indicator trend analysis is much more than just breaking down Titan Mining Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Titan Mining Corp is a good investment. Please check the relationship between Titan Mining Ebitda and its Net Income From Continuing Ops accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Titan Mining 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 estimate.

Ebitda vs Net Income From Continuing Ops

Ebitda vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Titan Mining Corp Ebitda account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Titan Mining's Ebitda and Net Income From Continuing Ops is 0.49. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Titan Mining Corp, assuming nothing else is changed. The correlation between historical values of Titan Mining's Ebitda and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Titan Mining Corp are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Ebitda i.e., Titan Mining's Ebitda and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Ebitda

Net Income From Continuing Ops

Most indicators from Titan Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Titan Mining 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Titan Mining 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 estimate.
At this time, Titan Mining's Selling General Administrative is very stable compared to the past year. As of the 22nd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Tax Provision is likely to drop about 13.3 K.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization11.9M12.3M13.0M6.8M
Interest Income10K155K234K312.6K

Titan Mining fundamental ratios Correlations

0.680.560.50.510.670.780.960.7-0.110.150.670.660.850.91-0.780.860.850.040.590.720.50.70.650.630.76
0.680.170.690.690.080.610.580.42-0.62-0.40.020.890.50.42-0.120.630.510.490.040.19-0.240.390.020.180.11
0.560.17-0.29-0.310.520.060.480.93-0.35-0.010.42-0.080.760.72-0.480.490.760.350.150.610.650.820.460.570.79
0.50.69-0.290.950.070.850.560.05-0.11-0.20.250.830.150.25-0.290.380.150.060.350.24-0.130.180.170.180.03
0.510.69-0.310.950.220.860.51-0.01-0.09-0.20.190.770.090.17-0.230.310.090.040.290.18-0.170.120.110.13-0.04
0.670.080.520.070.220.560.640.470.260.330.750.010.430.62-0.720.360.42-0.210.640.670.740.510.740.580.71
0.780.610.060.850.860.560.820.320.03-0.040.630.70.380.56-0.640.560.38-0.020.680.630.330.480.570.540.43
0.960.580.480.560.510.640.820.640.030.240.80.650.80.92-0.880.850.79-0.090.740.780.590.680.780.670.8
0.70.420.930.05-0.010.470.320.64-0.48-0.170.470.190.80.78-0.540.590.810.470.20.690.590.930.480.630.78
-0.11-0.62-0.35-0.11-0.090.260.030.03-0.480.840.43-0.26-0.170.02-0.4-0.12-0.18-0.960.550.080.37-0.40.380.040.16
0.15-0.4-0.01-0.2-0.20.33-0.040.24-0.170.840.47-0.10.240.32-0.520.130.23-0.910.470.090.41-0.270.440.030.4
0.670.020.420.250.190.750.630.80.470.430.470.160.510.78-0.950.520.5-0.390.930.840.880.570.950.730.86
0.660.89-0.080.830.770.010.70.650.19-0.26-0.10.160.460.44-0.280.670.460.130.270.19-0.210.20.150.150.11
0.850.50.760.150.090.430.380.80.8-0.170.240.510.460.93-0.690.861.00.070.350.630.50.70.510.570.82
0.910.420.720.250.170.620.560.920.780.020.320.780.440.93-0.890.860.93-0.070.650.810.710.760.770.720.94
-0.78-0.12-0.48-0.29-0.23-0.72-0.64-0.88-0.54-0.4-0.52-0.95-0.28-0.69-0.89-0.67-0.680.39-0.87-0.84-0.85-0.6-0.92-0.72-0.91
0.860.630.490.380.310.360.560.850.59-0.120.130.520.670.860.86-0.670.860.050.50.620.380.620.580.510.67
0.850.510.760.150.090.420.380.790.81-0.180.230.50.461.00.93-0.680.860.080.350.630.50.70.50.570.81
0.040.490.350.060.04-0.21-0.02-0.090.47-0.96-0.91-0.390.130.07-0.070.390.050.08-0.480.02-0.260.46-0.310.06-0.16
0.590.040.150.350.290.640.680.740.20.550.470.930.270.350.65-0.870.50.35-0.480.770.730.370.890.690.67
0.720.190.610.240.180.670.630.780.690.080.090.840.190.630.81-0.840.620.630.020.770.850.840.810.960.85
0.5-0.240.65-0.13-0.170.740.330.590.590.370.410.88-0.210.50.71-0.850.380.5-0.260.730.850.660.870.760.9
0.70.390.820.180.120.510.480.680.93-0.4-0.270.570.20.70.76-0.60.620.70.460.370.840.660.570.790.77
0.650.020.460.170.110.740.570.780.480.380.440.950.150.510.77-0.920.580.5-0.310.890.810.870.570.650.84
0.630.180.570.180.130.580.540.670.630.040.030.730.150.570.72-0.720.510.570.060.690.960.760.790.650.76
0.760.110.790.03-0.040.710.430.80.780.160.40.860.110.820.94-0.910.670.81-0.160.670.850.90.770.840.76
Click cells to compare fundamentals

Titan Mining Account Relationship Matchups

Titan Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets78.5M78.9M77.6M66.0M52.8M58.0M
Total Stockholder Equity25.2M17.6M17.0M10.5M(2.3M)(2.2M)
Net Debt30.0M30.2M29.3M23.5M(831K)(789.5K)
Cash1.7M7.5M6.0M6.7M5.0M6.0M
Cash And Short Term Investments1.7M7.5M6.0M6.7M5.0M6.9M
Liabilities And Stockholders Equity78.5M78.9M77.6M66.0M52.8M58.0M
Other Stockholder Equity5.0M6.7M7.8M8.8M9.8M5.6M
Total Current Assets5.8M13.0M17.5M17.6M15.2M12.2M
Common Stock51.8M51.9M56.7M61.1M59.8M50.6M
Short Long Term Debt Total31.7M37.7M35.3M30.2M4.2M4.0M
Total Current Liabilities27.0M16.1M6.7M10.3M38.7M40.7M
Other Liab15.7M16.1M18.1M19.1M22.0M17.9M
Net Tangible Assets27.2M25.2M17.6M17.0M15.3M18.5M
Property Plant And Equipment Net71.0M64.2M58.1M46.4M36.9M55.4M
Current Deferred Revenue(4.7M)436K1.1M(492K)(565.8K)(594.1K)
Retained Earnings(36.5M)(50.2M)(51.9M)(57.1M)(68.3M)(64.9M)
Accounts Payable4.4M4.4M4.1M4.6M2.9M4.5M
Non Current Assets Total72.7M65.9M60.1M48.4M37.5M57.2M
Non Currrent Assets Other1.7M1.8M2.1M2.0M672K638.4K
Other Assets1.7M1.8M2.1M2.0M2.3M2.0M
Net Receivables653K1.3M3.2M2.2M1.5M1.4M
Common Stock Shares Outstanding102.0M107.7M127.3M139.0M137.6M126.6M
Long Term Debt Total10.2M27.0M34.8M30.0M34.4M18.5M
Non Current Liabilities Total26.3M45.1M53.9M45.2M16.3M15.5M
Inventory2.6M3.1M3.9M6.9M7.2M3.7M
Other Current Assets791K1.1M4.3M1.7M1.5M1.5M
Total Liab53.3M61.3M60.6M55.5M55.0M52.2M
Property Plant And Equipment Gross71.0M64.2M87.8M88.0M91.4M72.7M
Short Long Term Debt21.3M10.2M95K8K4.1M4.6M
Accumulated Other Comprehensive Income5.0M6.7M7.8M6.5M(3.5M)(3.4M)
Short Term Debt21.5M10.7M425K104K4.2M4.9M
Property Plant Equipment71.0M64.2M58.1M46.4M53.3M57.5M
Net Invested Capital56.5M54.5M51.7M40.4M1.9M1.8M
Net Working Capital(21.2M)(3.2M)10.8M7.3M(23.5M)(22.3M)
Long Term Debt10.0M26.7M34.6M29.9M34.3M25.7M

Pair Trading with Titan Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Titan Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Titan Mining will appreciate offsetting losses from the drop in the long position's value.

Moving against Titan Stock

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The ability to find closely correlated positions to Titan Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Titan Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Titan Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Titan Mining Corp to buy it.
The correlation of Titan Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Titan Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Titan Mining Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Titan Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Titan Stock

Balance Sheet is a snapshot of the financial position of Titan Mining Corp at a specified time, usually calculated after every quarter, six months, or one year. Titan Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Titan Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Titan currently owns. An asset can also be divided into two categories, current and non-current.