| TSG Stock | | | CAD 0.12 0.03 33.33% |
Tristar Gold financial indicator trend analysis is much more than just breaking down Tristar Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tristar Gold is a good investment. Please check the relationship between Tristar Gold Total Operating Expenses and its Operating Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tristar Gold. 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.
Total Operating Expenses vs Operating Income
Total Operating Expenses vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tristar Gold Total Operating Expenses account and
Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Tristar Gold's Total Operating Expenses and Operating Income is -0.78. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Tristar Gold, assuming nothing else is changed. The correlation between historical values of Tristar Gold's Total Operating Expenses and Operating Income 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 Operating Expenses of Tristar Gold are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Operating Expenses i.e., Tristar Gold's Total Operating Expenses and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.78 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Operating Income
Operating Income is the amount of profit realized from Tristar Gold operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Tristar Gold is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Tristar Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tristar Gold 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 Tristar Gold. 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.
At this time, Tristar Gold's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 13.6
M in 2024, whereas
Selling General Administrative is likely to drop 1,438 in 2024.
Tristar Gold fundamental ratios Correlations
Click cells to compare fundamentals
Tristar Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tristar Gold fundamental ratios Accounts
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Additional Tools for Tristar Stock Analysis
When running Tristar Gold's price analysis, check to
measure Tristar 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 Tristar Gold is operating at the current time. Most of Tristar Gold's value examination focuses on studying past and present price action to
predict the probability of Tristar 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 Tristar Gold's price. Additionally, you may evaluate how the addition of Tristar Gold to your portfolios can decrease your overall portfolio volatility.