Trilogy Non Current Liabilities Total vs Total Stockholder Equity Analysis

TMQ Stock  CAD 1.58  0.02  1.28%   
Trilogy Metals financial indicator trend analysis is much more than just breaking down Trilogy Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trilogy Metals is a good investment. Please check the relationship between Trilogy Metals Non Current Liabilities Total and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. 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.
To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.

Non Current Liabilities Total vs Total Stockholder Equity

Non Current Liabilities Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trilogy Metals Non Current Liabilities Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Trilogy Metals' Non Current Liabilities Total and Total Stockholder Equity is -0.53. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Trilogy Metals, assuming nothing else is changed. The correlation between historical values of Trilogy Metals' Non Current Liabilities Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Trilogy Metals are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., Trilogy Metals' Non Current Liabilities Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Non Current Liabilities Total

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Trilogy Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trilogy Metals 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 Trilogy Metals. 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.
To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.At this time, Trilogy Metals' Discontinued Operations is very stable compared to the past year. As of the 22nd of December 2024, Issuance Of Capital Stock is likely to grow to about 4.2 M, while Selling General Administrative is likely to drop about 1.7 M.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation17K8K7.2K6.8K
Net Interest Income34K120K108K122.3K

Trilogy Metals fundamental ratios Correlations

-0.39-0.430.92-0.90.280.49-0.27-0.250.92-0.310.79-0.370.76-0.44-0.9-0.33-0.53-0.5-0.310.640.910.8-0.92-0.26-0.74
-0.390.97-0.460.270.20.330.03-0.21-0.36-0.24-0.490.26-0.080.50.27-0.24-0.270.52-0.14-0.69-0.34-0.470.350.220.36
-0.430.97-0.510.310.190.240.25-0.2-0.4-0.22-0.460.35-0.110.580.31-0.22-0.230.65-0.1-0.65-0.39-0.460.390.250.38
0.92-0.46-0.51-0.950.370.53-0.33-0.350.99-0.40.69-0.530.61-0.59-0.95-0.42-0.43-0.57-0.280.590.990.7-0.97-0.54-0.71
-0.90.270.31-0.95-0.53-0.540.280.51-0.980.57-0.720.41-0.730.441.00.590.580.50.33-0.58-0.98-0.731.00.540.76
0.280.20.190.37-0.530.5-0.03-1.00.44-0.970.15-0.480.28-0.37-0.53-0.96-0.25-0.130.060.140.460.09-0.49-0.3-0.03
0.490.330.240.53-0.540.5-0.43-0.490.53-0.55-0.07-0.670.4-0.51-0.54-0.56-0.36-0.07-0.28-0.260.58-0.05-0.5-0.1-0.01
-0.270.030.25-0.330.28-0.03-0.430.03-0.280.080.040.42-0.180.430.280.110.190.650.180.03-0.34-0.040.280.160.18
-0.25-0.21-0.2-0.350.51-1.0-0.490.03-0.420.97-0.130.48-0.270.360.510.960.240.12-0.07-0.13-0.44-0.070.470.290.01
0.92-0.36-0.40.99-0.980.440.53-0.28-0.42-0.480.72-0.440.65-0.48-0.98-0.5-0.54-0.53-0.330.60.990.74-0.99-0.56-0.76
-0.31-0.24-0.22-0.40.57-0.97-0.550.080.97-0.48-0.130.45-0.370.330.571.00.350.120.19-0.12-0.5-0.110.530.320.1
0.79-0.49-0.460.69-0.720.15-0.070.04-0.130.72-0.130.070.62-0.06-0.72-0.14-0.44-0.48-0.060.890.680.98-0.74-0.32-0.85
-0.370.260.35-0.530.41-0.48-0.670.420.48-0.440.450.07-0.180.970.410.45-0.230.36-0.10.03-0.510.10.420.16-0.18
0.76-0.08-0.110.61-0.730.280.4-0.18-0.270.65-0.370.62-0.18-0.18-0.73-0.38-0.56-0.23-0.460.350.620.62-0.72-0.05-0.61
-0.440.50.58-0.590.44-0.37-0.510.430.36-0.480.33-0.060.97-0.180.440.33-0.270.49-0.12-0.15-0.54-0.030.470.21-0.06
-0.90.270.31-0.951.0-0.53-0.540.280.51-0.980.57-0.720.41-0.730.440.590.580.50.33-0.58-0.98-0.731.00.540.76
-0.33-0.24-0.22-0.420.59-0.96-0.560.110.96-0.51.0-0.140.45-0.380.330.590.360.140.2-0.13-0.52-0.120.550.330.12
-0.53-0.27-0.23-0.430.58-0.25-0.360.190.24-0.540.35-0.44-0.23-0.56-0.270.580.360.030.51-0.2-0.49-0.50.550.220.63
-0.50.520.65-0.570.5-0.13-0.070.650.12-0.530.12-0.480.36-0.230.490.50.140.03-0.02-0.64-0.56-0.520.530.340.52
-0.31-0.14-0.1-0.280.330.06-0.280.18-0.07-0.330.19-0.06-0.1-0.46-0.120.330.20.51-0.020.0-0.29-0.190.320.180.41
0.64-0.69-0.650.59-0.580.14-0.260.03-0.130.6-0.120.890.030.35-0.15-0.58-0.13-0.2-0.640.00.570.88-0.61-0.32-0.74
0.91-0.34-0.390.99-0.980.460.58-0.34-0.440.99-0.50.68-0.510.62-0.54-0.98-0.52-0.49-0.56-0.290.570.7-0.98-0.57-0.71
0.8-0.47-0.460.7-0.730.09-0.05-0.04-0.070.74-0.110.980.10.62-0.03-0.73-0.12-0.5-0.52-0.190.880.7-0.75-0.38-0.9
-0.920.350.39-0.971.0-0.49-0.50.280.47-0.990.53-0.740.42-0.720.471.00.550.550.530.32-0.61-0.98-0.750.540.77
-0.260.220.25-0.540.54-0.3-0.10.160.29-0.560.32-0.320.16-0.050.210.540.330.220.340.18-0.32-0.57-0.380.540.47
-0.740.360.38-0.710.76-0.03-0.010.180.01-0.760.1-0.85-0.18-0.61-0.060.760.120.630.520.41-0.74-0.71-0.90.770.47
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Trilogy Metals Account Relationship Matchups

Trilogy Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets185.3M167.3M146.0M138.0M158.7M84.1M
Other Current Liab662K647K157K286K257.4K244.5K
Total Current Liabilities1.0M1.0M534K465K418.5K397.6K
Total Stockholder Equity183.8M166.0M145.4M137.6M158.2M166.1M
Property Plant And Equipment Net682K630K331K117K105.3K100.0K
Net Debt(10.6M)(5.9M)(2.4M)(2.6M)(2.3M)(2.4M)
Retained Earnings(20.9M)(42.6M)(66.9M)(81.8M)(73.6M)(77.3M)
Accounts Payable226K205K188K146K167.9K159.5K
Cash11.1M6.3M2.6M2.6M3.0M2.8M
Non Current Assets Total173.8M160.7M143.1M135.1M155.4M163.2M
Cash And Short Term Investments11.1M6.3M2.6M2.8M3.3M3.1M
Common Stock Shares Outstanding144.6M144.4M145.7M152.6M175.5M108.7M
Liabilities And Stockholders Equity185.3M167.3M146.0M138.0M158.7M84.1M
Non Current Liabilities Total20.8M31M408K235K33K0.0
Other Stockholder Equity25.0M27.8M30.1M31.5M28.3M21.6M
Total Liab1.5M1.3M567K465K418.5K397.6K
Property Plant And Equipment Gross682K832K372K117K105.3K100.0K
Total Current Assets11.4M6.6M2.9M2.9M3.3M3.1M
Other Current Assets184K19.0320K292K262.8K338.4K
Net Receivables129K19K17K33K29.7K28.2K
Short Term Investments184.0285.0320.0259K233.1K221.4K
Common Stock179.7M180.8M182.2M187.9M216.1M155.7M
Net Tangible Assets18.3M183.8M166.0M145.4M167.2M175.6M
Property Plant Equipment31.3M682K630K331K297.9K283.0K
Cash And Equivalents19.2M11.1M6.3M2.6M2.3M2.2M
Short Term Debt158K179K189K33K38.0K36.1K
Net Invested Capital183.8M166.0M145.4M137.6M158.2M111.4M
Net Working Capital10.4M5.6M2.4M2.4M2.2M2.1M
Capital Stock179.7M180.8M182.2M187.9M216.1M196.7M

Pair Trading with Trilogy Metals

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 Trilogy Metals 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 Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Trilogy Stock

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The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals 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 Trilogy Metals - 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 Trilogy Metals to buy it.
The correlation of Trilogy Metals 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 Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals 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 Trilogy Metals 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
When determining whether Trilogy Metals is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Trilogy Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trilogy Metals Stock. Highlighted below are key reports to facilitate an investment decision about Trilogy Metals Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. 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.
To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Please note, there is a significant difference between Trilogy Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trilogy Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trilogy Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.