| XTM Stock | | | CAD 0.05 0.01 11.11% |
Transition Metals financial indicator trend analysis is much more than just breaking down Transition Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transition Metals Corp is a good investment. Please check the relationship between Transition Metals Capital Expenditures and its Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Transition Metals 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 board of governors.
Capital Expenditures vs Investments
Capital Expenditures vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transition Metals Corp Capital Expenditures account and
Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Transition Metals' Capital Expenditures and Investments is 0.26. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Investments in the same time period over historical financial statements of Transition Metals Corp, assuming nothing else is changed. The correlation between historical values of Transition Metals' Capital Expenditures and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Transition Metals Corp are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Capital Expenditures i.e., Transition Metals' Capital Expenditures and Investments go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Transition Metals Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Transition Metals operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Transition Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transition Metals 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Transition Metals 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 board of governors.
At this time, Transition Metals'
Discontinued Operations is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 131.78 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 594.4
K in 2024.
Transition Metals fundamental ratios Correlations
Click cells to compare fundamentals
Transition Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transition Metals fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Transition Stock Analysis
When running Transition Metals' price analysis, check to
measure Transition Metals' 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 Transition Metals is operating at the current time. Most of Transition Metals' value examination focuses on studying past and present price action to
predict the probability of Transition Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transition Metals' price. Additionally, you may evaluate how the addition of Transition Metals to your portfolios can decrease your overall portfolio volatility.