Slam Cash vs Accounts Payable Analysis
SXL Stock | CAD 0.02 0.01 33.33% |
Slam Exploration financial indicator trend analysis is much more than just breaking down Slam Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slam Exploration is a good investment. Please check the relationship between Slam Exploration Cash and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slam Exploration Cash account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Slam Exploration's Cash and Accounts Payable is -0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Slam Exploration, assuming nothing else is changed. The correlation between historical values of Slam Exploration's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Slam Exploration are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Slam Exploration's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Slam Exploration, which is listed under current asset account on Slam Exploration balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Slam Exploration customers. The amounts must be unrestricted with restricted cash listed in a different Slam Exploration account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Accounts Payable
An accounting item on the balance sheet that represents Slam Exploration obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Slam Exploration are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Slam Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slam Exploration 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. 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 212.5 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 83.6 K in 2024.
Slam Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Slam Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Slam Exploration fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 308.4K | 1.0M | 1.8M | 1.7M | 1.9M | 993.7K | |
Total Current Liabilities | 429.7K | 421.4K | 490.8K | 570.3K | 655.9K | 364.2K | |
Total Stockholder Equity | (121.3K) | 599.7K | 1.3M | 1.1M | 1.3M | 1.3M | |
Net Tangible Assets | 376.2K | (121.4K) | 599.7K | 1.3M | 1.5M | 1.6M | |
Retained Earnings | (24.9M) | (24.8M) | (24.8M) | (25.0M) | (22.5M) | (23.7M) | |
Accounts Payable | 38.7K | 47.7K | 64.5K | 54.6K | 49.1K | 61.8K | |
Cash | 12.3K | 237.3K | 444.7K | 164.1K | 188.7K | 132.1K | |
Net Receivables | 44.8K | 22.7K | 82.8K | 29.5K | 26.5K | 25.2K | |
Short Term Investments | 90K | 194.2K | 167.9K | 259.7K | 298.6K | 313.6K | |
Other Stockholder Equity | 391.6K | 265.8K | 246.0K | 609.6K | 701.1K | 386.8K | |
Total Liab | 429.7K | 445.6K | 511.9K | 582.1K | 669.4K | 370.4K | |
Total Current Assets | 147.1K | 467.4K | 710.6K | 497.7K | 572.3K | 354.9K | |
Property Plant Equipment | 357.0K | 161.3K | 578.0K | 1.1M | 1.3M | 1.3M | |
Non Current Assets Total | 161.3K | 578.0K | 1.1M | 1.2M | 1.4M | 773.3K | |
Net Invested Capital | (121.3K) | 624.0K | 1.4M | 1.2M | 1.3M | 757.8K | |
Net Working Capital | (282.6K) | 46.0K | 219.8K | (72.7K) | (65.4K) | (62.1K) |
Pair Trading with Slam Exploration
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 Slam Exploration 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 Slam Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Slam Stock
0.48 | CVS | CVS HEALTH CDR | PairCorr |
The ability to find closely correlated positions to Slam Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slam Exploration 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 Slam Exploration - 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 Slam Exploration to buy it.
The correlation of Slam Exploration 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 Slam Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Slam Exploration 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 Slam Exploration 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. 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 Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running Slam Exploration's price analysis, check to measure Slam Exploration'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 Slam Exploration is operating at the current time. Most of Slam Exploration's value examination focuses on studying past and present price action to predict the probability of Slam Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Slam Exploration's price. Additionally, you may evaluate how the addition of Slam Exploration to your portfolios can decrease your overall portfolio volatility.
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