Imagine Net Receivables vs Other Current Liab Analysis
ILI Stock | CAD 0.03 0.01 25.00% |
Imagine Lithium financial indicator trend analysis is infinitely more than just investigating Imagine Lithium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imagine Lithium is a good investment. Please check the relationship between Imagine Lithium Net Receivables and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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.
Net Receivables vs Other Current Liab
Net Receivables vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Imagine Lithium Net Receivables account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Imagine Lithium's Net Receivables and Other Current Liab is -0.08. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Imagine Lithium, assuming nothing else is changed. The correlation between historical values of Imagine Lithium's Net Receivables and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Imagine Lithium are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Receivables i.e., Imagine Lithium's Net Receivables and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Other Current Liab
Most indicators from Imagine Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imagine Lithium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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, Imagine Lithium's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 19.62 in 2024, whereas Selling General Administrative is likely to drop slightly above 933.8 K in 2024.
Imagine Lithium fundamental ratios Correlations
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Imagine Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Imagine Lithium fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.7M | 6.8M | 13.0M | 11.0M | 12.6M | 13.3M | |
Total Current Liabilities | 145.7K | 44.8K | 253.8K | 275.6K | 248.1K | 330.4K | |
Total Stockholder Equity | 5.5M | 6.7M | 12.8M | 10.7M | 12.3M | 12.9M | |
Net Debt | (830.4K) | (1.1M) | (4.7M) | (814.6K) | (733.2K) | (769.8K) | |
Retained Earnings | (20.6M) | (21.9M) | (22.4M) | (25.7M) | (23.1M) | (21.9M) | |
Accounts Payable | 118.0K | 17.0K | 63.5K | 151.1K | 136.0K | 185.7K | |
Cash | 830.4K | 1.1M | 4.7M | 814.6K | 936.8K | 852.9K | |
Cash And Short Term Investments | 834.4K | 1.1M | 4.8M | 1.5M | 1.7M | 960.8K | |
Common Stock Shares Outstanding | 59.6M | 98.2M | 143.0M | 216.0M | 248.4M | 260.8M | |
Liabilities And Stockholders Equity | 5.7M | 6.8M | 13.0M | 11.0M | 12.6M | 13.3M | |
Other Stockholder Equity | 3.9M | (225K) | 4.6M | 4.3M | 4.9M | 5.7M | |
Total Liab | 145.7K | 44.8K | 253.8K | 275.6K | 248.1K | 330.4K | |
Total Current Assets | 855.1K | 1.1M | 4.9M | 1.7M | 1.9M | 1.0M | |
Property Plant And Equipment Net | 4.8M | 5.7M | 8.1M | 9.3M | 10.7M | 11.2M | |
Non Current Assets Total | 4.8M | 5.7M | 8.1M | 9.3M | 10.7M | 11.2M | |
Net Receivables | 14.5K | 29.1K | 32.4K | 136.6K | 122.9K | 129.1K | |
Short Term Investments | 4.1K | 2.9K | 110K | 693.3K | 797.3K | 837.2K | |
Common Stock | 22.1M | 24.0M | 30.8M | 31.6M | 36.4M | 21.9M | |
Net Tangible Assets | 4.8M | 5.5M | 6.7M | 12.8M | 14.7M | 15.4M | |
Property Plant Equipment | 4.4M | 4.7M | 5.7M | 8.1M | 9.4M | 9.8M | |
Other Current Assets | 6.1K | 14.0K | 18.9K | 46.2K | 53.2K | 55.8K | |
Net Invested Capital | 5.5M | 6.7M | 12.8M | 10.7M | 12.3M | 8.5M | |
Net Working Capital | 709.4K | 1.1M | 4.6M | 1.4M | 1.3M | 1.7M | |
Capital Stock | 22.1M | 24.0M | 30.8M | 31.6M | 36.4M | 28.4M |
Pair Trading with Imagine Lithium
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 Imagine Lithium 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 Imagine Lithium will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Imagine Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imagine Lithium 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 Imagine Lithium - 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 Imagine Lithium to buy it.
The correlation of Imagine Lithium 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 Imagine Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imagine Lithium 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 Imagine Lithium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Imagine Stock analysis
When running Imagine Lithium's price analysis, check to measure Imagine Lithium'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 Imagine Lithium is operating at the current time. Most of Imagine Lithium's value examination focuses on studying past and present price action to predict the probability of Imagine Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Imagine Lithium's price. Additionally, you may evaluate how the addition of Imagine Lithium to your portfolios can decrease your overall portfolio volatility.
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