FPX Total Assets vs Total Stockholder Equity Analysis
FPX Stock | CAD 0.32 0.01 3.03% |
FPX Nickel financial indicator trend analysis is much more than just examining FPX Nickel Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FPX Nickel Corp is a good investment. Please check the relationship between FPX Nickel Total Assets and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Assets vs Total Stockholder Equity
Total Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FPX Nickel Corp Total Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between FPX Nickel's Total Assets and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of FPX Nickel Corp, assuming nothing else is changed. The correlation between historical values of FPX Nickel's Total Assets 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 Total Assets of FPX Nickel Corp 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 Total Assets i.e., FPX Nickel's Total Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of FPX Nickel assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in FPX Nickel Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 FPX Nickel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FPX Nickel 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, FPX Nickel's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 48.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 10.2 M in 2024.
FPX Nickel fundamental ratios Correlations
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FPX Nickel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FPX Nickel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.5M | 16.3M | 30.5M | 42.3M | 59.9M | 62.9M | |
Total Current Liabilities | 236.1K | 215.0K | 536.8K | 654.5K | 1.1M | 1.2M | |
Total Stockholder Equity | 3.3M | 12.7M | 29.8M | 39.9M | 56.1M | 58.9M | |
Property Plant And Equipment Net | 9.6M | 10.3M | 14.5M | 21.6M | 29.9M | 31.4M | |
Net Debt | 6.3M | (2.4M) | (14.3M) | (17.9M) | (28.7M) | (27.2M) | |
Retained Earnings | (36.6M) | (38.4M) | (42.2M) | (45.9M) | (50.2M) | (47.7M) | |
Accounts Payable | 41.9K | 97.4K | 433.2K | 518.9K | 596.7K | 626.5K | |
Cash | 1.7M | 5.8M | 14.5M | 18.0M | 28.9M | 30.4M | |
Non Current Assets Total | 9.7M | 10.4M | 14.6M | 21.8M | 30.1M | 31.6M | |
Cash And Short Term Investments | 1.7M | 5.8M | 14.5M | 18.0M | 28.9M | 30.4M | |
Net Receivables | 35.4K | 57.9K | 1.3M | 2.2M | 726.5K | 762.9K | |
Common Stock Shares Outstanding | 148.5M | 165.3M | 205.8M | 217.7M | 261.3M | 274.3M | |
Liabilities And Stockholders Equity | 11.5M | 16.3M | 30.5M | 42.3M | 59.9M | 62.9M | |
Other Current Assets | 40.1K | 24.4K | 37.2K | 279.3K | 126.4K | 132.7K | |
Other Stockholder Equity | 6.4M | 6.9M | 9.5M | 11.4M | 13.2M | 10.2M | |
Total Liab | 8.2M | 3.6M | 690.9K | 718.4K | 2.3M | 1.9M | |
Total Current Assets | 1.8M | 5.9M | 15.9M | 20.5M | 29.8M | 31.3M | |
Accumulated Other Comprehensive Income | 6.4M | 6.9M | 9.5M | 10.5M | 924.8K | 878.6K | |
Non Currrent Assets Other | 117.7K | 133.3K | 133.6K | 158.0K | 188.1K | 192.0K | |
Net Tangible Assets | 2.8M | 3.3M | 12.7M | 29.8M | 34.2M | 35.9M | |
Common Stock | 33.5M | 44.2M | 62.5M | 75.3M | 93.9M | 98.6M | |
Property Plant Equipment | 9.2M | 9.6M | 10.3M | 14.5M | 16.6M | 17.5M | |
Other Current Liab | 164.9K | 83.7K | 20K | 45.5K | 961.3K | 1.0M | |
Other Assets | 117.5K | 117.7K | 133.3K | 133.6K | 153.6K | 104.5K | |
Short Long Term Debt Total | 8.0M | 3.4M | 237.7K | 154.1K | 269.4K | 256.0K | |
Long Term Debt | 6.9M | 7.9M | 7.9M | 3.4M | 3.0M | 5.4M | |
Non Current Liabilities Total | 8.0M | 3.4M | 154.1K | 63.9K | 1.2M | 1.1M | |
Net Invested Capital | 11.2M | 16.0M | 29.8M | 39.9M | 56.1M | 58.9M | |
Net Working Capital | 1.6M | 5.7M | 15.3M | 19.8M | 28.7M | 30.1M | |
Capital Stock | 33.5M | 44.2M | 62.5M | 75.3M | 93.9M | 62.6M |
Pair Trading with FPX Nickel
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 FPX Nickel 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 FPX Nickel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to FPX Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPX Nickel 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 FPX Nickel - 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 FPX Nickel Corp to buy it.
The correlation of FPX Nickel 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 FPX Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPX Nickel Corp 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 FPX Nickel 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running FPX Nickel's price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.
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