WPM Stock | | | 4,940 90.00 1.86% |
Wheaton Precious financial indicator trend analysis is more than just analyzing Wheaton Precious Metals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wheaton Precious Metals is a good investment. Please check the relationship between Wheaton Precious Total Revenue and its Long Term Debt accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious 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 bureau of economic analysis.
Total Revenue vs Long Term Debt
Total Revenue vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wheaton Precious Metals Total Revenue account and
Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Wheaton Precious' Total Revenue and Long Term Debt is -0.69. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Wheaton Precious Metals, assuming nothing else is changed. The correlation between historical values of Wheaton Precious' Total Revenue and Long Term Debt 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 Revenue of Wheaton Precious Metals are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Revenue i.e., Wheaton Precious' Total Revenue and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Wheaton Precious Metals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Long Term Debt
Long-term debt is a debt that Wheaton Precious Metals has held for over one year. Long-term debt appears on Wheaton Precious Metals balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Wheaton Precious Metals balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Wheaton Precious' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wheaton Precious 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious 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 bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 48.5
M. The current year's
Tax Provision is expected to grow to about 1.5
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 658.9M | 565.5M | 787.9M | 409.6M | Total Revenue | 1.2B | 1.1B | 1.0B | 753.8M |
Wheaton Precious fundamental ratios Correlations
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Wheaton Precious Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wheaton Precious fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious'
future performance.
For an informed investment choice regarding Wheaton Stock, refer to the following important reports: Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious 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 bureau of economic analysis.
You can also try the
Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' 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.