Trilogy Property Plant And Equipment Gross vs Retained Earnings 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 Property Plant And Equipment Gross and its Retained Earnings 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.
Property Plant And Equipment Gross vs Retained Earnings
Property Plant And Equipment Gross vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trilogy Metals Property Plant And Equipment Gross account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Trilogy Metals' Property Plant And Equipment Gross and Retained Earnings is -0.54. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Retained Earnings 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' Property Plant And Equipment Gross and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Trilogy Metals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant And Equipment Gross i.e., Trilogy Metals' Property Plant And Equipment Gross and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant And Equipment Gross
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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 Depreciation | 17K | 8K | 7.2K | 6.8K | Net Interest Income | 34K | 120K | 108K | 122.3K |
Trilogy Metals fundamental ratios Correlations
Click cells to compare fundamentals
Trilogy Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trilogy Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 185.3M | 167.3M | 146.0M | 138.0M | 158.7M | 84.1M | |
Other Current Liab | 662K | 647K | 157K | 286K | 257.4K | 244.5K | |
Total Current Liabilities | 1.0M | 1.0M | 534K | 465K | 418.5K | 397.6K | |
Total Stockholder Equity | 183.8M | 166.0M | 145.4M | 137.6M | 158.2M | 166.1M | |
Property Plant And Equipment Net | 682K | 630K | 331K | 117K | 105.3K | 100.0K | |
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 Payable | 226K | 205K | 188K | 146K | 167.9K | 159.5K | |
Cash | 11.1M | 6.3M | 2.6M | 2.6M | 3.0M | 2.8M | |
Non Current Assets Total | 173.8M | 160.7M | 143.1M | 135.1M | 155.4M | 163.2M | |
Cash And Short Term Investments | 11.1M | 6.3M | 2.6M | 2.8M | 3.3M | 3.1M | |
Common Stock Shares Outstanding | 144.6M | 144.4M | 145.7M | 152.6M | 175.5M | 108.7M | |
Liabilities And Stockholders Equity | 185.3M | 167.3M | 146.0M | 138.0M | 158.7M | 84.1M | |
Non Current Liabilities Total | 20.8M | 31M | 408K | 235K | 33K | 0.0 | |
Other Stockholder Equity | 25.0M | 27.8M | 30.1M | 31.5M | 28.3M | 21.6M | |
Total Liab | 1.5M | 1.3M | 567K | 465K | 418.5K | 397.6K | |
Property Plant And Equipment Gross | 682K | 832K | 372K | 117K | 105.3K | 100.0K | |
Total Current Assets | 11.4M | 6.6M | 2.9M | 2.9M | 3.3M | 3.1M | |
Other Current Assets | 184K | 19.0 | 320K | 292K | 262.8K | 338.4K | |
Net Receivables | 129K | 19K | 17K | 33K | 29.7K | 28.2K | |
Short Term Investments | 184.0 | 285.0 | 320.0 | 259K | 233.1K | 221.4K | |
Common Stock | 179.7M | 180.8M | 182.2M | 187.9M | 216.1M | 155.7M | |
Net Tangible Assets | 18.3M | 183.8M | 166.0M | 145.4M | 167.2M | 175.6M | |
Property Plant Equipment | 31.3M | 682K | 630K | 331K | 297.9K | 283.0K | |
Cash And Equivalents | 19.2M | 11.1M | 6.3M | 2.6M | 2.3M | 2.2M | |
Short Term Debt | 158K | 179K | 189K | 33K | 38.0K | 36.1K | |
Net Invested Capital | 183.8M | 166.0M | 145.4M | 137.6M | 158.2M | 111.4M | |
Net Working Capital | 10.4M | 5.6M | 2.4M | 2.4M | 2.2M | 2.1M | |
Capital Stock | 179.7M | 180.8M | 182.2M | 187.9M | 216.1M | 196.7M |
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
0.87 | ORE | Orezone Gold Corp | PairCorr |
0.86 | INFM | Infinico Metals Corp | PairCorr |
0.7 | TKU | Tarku Resources | PairCorr |
0.36 | KDA | KDA Group | PairCorr |
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.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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.