Blue Property Plant Equipment vs Total Stockholder Equity Analysis

MOON Stock  CAD 0.04  0.01  20.00%   
Blue Moon financial indicator trend analysis is way more than just evaluating Blue Moon Zinc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Moon Zinc is a good investment. Please check the relationship between Blue Moon Property Plant Equipment and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blue Moon Zinc. 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.

Property Plant Equipment vs Total Stockholder Equity

Property Plant Equipment vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Moon Zinc Property Plant Equipment account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Blue Moon's Property Plant Equipment and Total Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Blue Moon Zinc, assuming nothing else is changed. The correlation between historical values of Blue Moon's Property Plant Equipment 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 Property Plant Equipment of Blue Moon Zinc 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 Property Plant Equipment i.e., Blue Moon's Property Plant Equipment and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant Equipment

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 Blue Moon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Moon Zinc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blue Moon Zinc. 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.
Selling General Administrative is likely to climb to about 278.3 K in 2024, despite the fact that Discontinued Operations is likely to grow to (56.4 K).
 2023 2024 (projected)
Other Operating Expenses373.8K621.5K
Depreciation And Amortization694.8660.06

Blue Moon fundamental ratios Correlations

-0.360.980.9-0.750.710.180.780.90.760.46-0.350.27-0.420.77-0.180.9-0.430.860.23-0.540.010.10.41-0.220.21
-0.36-0.52-0.320.44-0.570.43-0.32-0.32-0.29-0.410.26-0.670.97-0.280.86-0.50.49-0.3-0.140.640.53-0.23-0.730.230.16
0.98-0.520.88-0.770.770.080.780.880.750.5-0.360.39-0.580.76-0.330.92-0.50.840.22-0.63-0.10.130.53-0.250.18
0.9-0.320.88-0.460.550.180.431.00.430.13-0.270.29-0.350.41-0.220.81-0.40.830.22-0.49-0.1-0.020.27-0.230.17
-0.750.44-0.77-0.46-0.91-0.17-0.9-0.46-0.97-0.830.69-0.460.51-0.90.13-0.80.64-0.64-0.530.68-0.020.03-0.440.51-0.48
0.71-0.570.770.55-0.91-0.010.720.550.810.74-0.80.63-0.660.69-0.20.8-0.850.640.6-0.85-0.26-0.260.39-0.740.59
0.180.430.080.18-0.17-0.010.090.180.21-0.15-0.240.10.390.130.230.220.00.170.37-0.010.830.140.01-0.060.45
0.78-0.320.780.43-0.90.720.090.430.960.76-0.360.17-0.41.0-0.080.73-0.350.610.19-0.450.110.20.46-0.160.21
0.9-0.320.881.0-0.460.550.180.430.430.13-0.270.29-0.350.41-0.220.81-0.40.830.22-0.49-0.1-0.020.27-0.230.17
0.76-0.290.750.43-0.970.810.210.960.430.78-0.60.27-0.360.960.010.76-0.490.640.45-0.550.140.050.37-0.370.42
0.46-0.410.50.13-0.830.74-0.150.760.130.78-0.510.22-0.450.76-0.050.44-0.450.330.31-0.42-0.11-0.10.26-0.390.27
-0.350.26-0.36-0.270.69-0.8-0.24-0.36-0.27-0.6-0.51-0.60.31-0.35-0.08-0.520.8-0.41-0.920.720.080.48-0.030.9-0.82
0.27-0.670.390.29-0.460.630.10.170.290.270.22-0.6-0.750.14-0.640.51-0.780.240.49-0.74-0.23-0.030.63-0.650.47
-0.420.97-0.58-0.350.51-0.660.39-0.4-0.35-0.36-0.450.31-0.75-0.360.82-0.560.6-0.32-0.150.710.51-0.19-0.770.330.01
0.77-0.280.760.41-0.90.690.131.00.410.960.76-0.350.14-0.36-0.050.71-0.330.590.18-0.430.170.220.45-0.140.22
-0.180.86-0.33-0.220.13-0.20.23-0.08-0.220.01-0.05-0.08-0.640.82-0.05-0.330.25-0.110.130.410.31-0.48-0.83-0.060.34
0.9-0.50.920.81-0.80.80.220.730.810.760.44-0.520.51-0.560.71-0.33-0.610.920.42-0.73-0.050.060.51-0.390.33
-0.430.49-0.5-0.40.64-0.850.0-0.35-0.4-0.49-0.450.8-0.780.6-0.330.25-0.61-0.42-0.560.870.320.49-0.310.89-0.73
0.86-0.30.840.83-0.640.640.170.610.830.640.33-0.410.24-0.320.59-0.110.92-0.420.38-0.55-0.08-0.040.22-0.30.23
0.23-0.140.220.22-0.530.60.370.190.220.450.31-0.920.49-0.150.180.130.42-0.560.38-0.570.06-0.34-0.07-0.740.7
-0.540.64-0.63-0.490.68-0.85-0.01-0.45-0.49-0.55-0.420.72-0.740.71-0.430.41-0.730.87-0.55-0.570.210.14-0.520.67-0.53
0.010.53-0.1-0.1-0.02-0.260.830.11-0.10.14-0.110.08-0.230.510.170.31-0.050.32-0.080.060.210.390.030.320.17
0.1-0.230.13-0.020.03-0.260.140.2-0.020.05-0.10.48-0.03-0.190.22-0.480.060.49-0.04-0.340.140.390.650.71-0.59
0.41-0.730.530.27-0.440.390.010.460.270.370.26-0.030.63-0.770.45-0.830.51-0.310.22-0.07-0.520.030.650.06-0.11
-0.220.23-0.25-0.230.51-0.74-0.06-0.16-0.23-0.37-0.390.9-0.650.33-0.14-0.06-0.390.89-0.3-0.740.670.320.710.06-0.85
0.210.160.180.17-0.480.590.450.210.170.420.27-0.820.470.010.220.340.33-0.730.230.7-0.530.17-0.59-0.11-0.85
Click cells to compare fundamentals

Blue Moon Account Relationship Matchups

Blue Moon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets784.2K988.1K1.4M755.0K1.1M1.4M
Total Current Liabilities508.4K559.1K632.5K115.0K194.9K256.3K
Total Stockholder Equity275.8K428.9K789.1K440.0K881.5K1.2M
Net Debt210.1K39.0K(276.1K)169.8K195.3K205.0K
Retained Earnings(10.7M)(11.0M)(12.5M)(12.9M)(13.2M)(12.6M)
Accounts Payable65.9K98.5K291.0K69.0K36.9K35.1K
Cash95.9K267.0K582.1K30.2K355.3K403.5K
Cash And Short Term Investments95.9K267.0K582.1K30.2K27.2K25.8K
Net Receivables2.0K4.2K8.4K8.6K7.7K7.3K
Common Stock Shares Outstanding10.4M11.2M13.8M14.8M26.4M27.7M
Liabilities And Stockholders Equity784.2K988.1K1.4M755.0K679.5K645.5K
Other Stockholder Equity1.1M1.1M1.2M1.6M1.4M1.3M
Total Liab508.4K559.1K632.5K315.0K194.9K269.2K
Total Current Assets115.2K290.1K723.6K57.0K378.4K446.9K
Other Current Liab442.5K460.6K341.4K46K52.9K50.3K
Net Tangible Assets275.8K428.9K789.1K440.0K396.0K597.5K
Common Stock9.6M9.9M10.3M11.7M13.5M10.2M
Other Current Assets3.4K5K119.3K4.4K5.0K4.8K
Net Invested Capital275.8K428.9K789.1K640.0K881.5K588.4K
Net Working Capital(393.2K)(269.1K)91.1K(58.0K)183.5K192.6K

Pair Trading with Blue Moon

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 Blue Moon 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 Blue Moon will appreciate offsetting losses from the drop in the long position's value.

Moving against Blue Stock

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The ability to find closely correlated positions to Blue Moon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Moon 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 Blue Moon - 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 Blue Moon Zinc to buy it.
The correlation of Blue Moon 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 Blue Moon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Moon Zinc 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 Blue Moon 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.
Pair CorrelationCorrelation Matching
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blue Moon Zinc. 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.

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Please note, there is a significant difference between Blue Moon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Moon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue Moon's 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.