Slam Total Liab vs Common Stock 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 Total Liab and its Common Stock 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.

Total Liab vs Common Stock

Total Liab vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slam Exploration Total Liab account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Slam Exploration's Total Liab and Common Stock is 0.81. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Common Stock 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 Total Liab and Common Stock 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 Liab of Slam Exploration are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Liab i.e., Slam Exploration's Total Liab and Common Stock go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Common Stock

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

0.60.790.910.9-0.05-0.550.740.250.74-0.580.740.80.91-0.670.770.870.78-0.290.450.65-0.630.870.71-0.250.65
0.60.710.470.46-0.27-0.40.380.240.51-0.990.160.70.54-0.910.530.50.74-0.17-0.150.64-0.640.420.06-0.460.33
0.790.710.60.63-0.24-0.570.57-0.160.84-0.680.521.00.69-0.830.810.760.81-0.320.130.84-0.830.850.33-0.680.67
0.910.470.60.990.09-0.490.670.30.75-0.490.670.610.84-0.560.740.930.65-0.550.460.5-0.50.780.71-0.140.69
0.90.460.630.990.12-0.50.630.220.8-0.480.680.640.81-0.570.790.950.65-0.620.470.51-0.520.820.7-0.210.75
-0.05-0.27-0.240.090.120.33-0.320.02-0.090.320.03-0.25-0.220.390.260.08-0.33-0.420.53-0.450.480.060.310.320.46
-0.55-0.4-0.57-0.49-0.50.33-0.43-0.14-0.640.4-0.57-0.57-0.650.57-0.55-0.44-0.830.250.24-0.80.81-0.50.020.69-0.39
0.740.380.570.670.63-0.32-0.430.060.53-0.380.60.590.9-0.470.490.610.51-0.130.230.62-0.620.680.61-0.040.39
0.250.24-0.160.30.220.02-0.140.06-0.25-0.230.16-0.160.27-0.13-0.120.00.30.2-0.07-0.070.09-0.210.040.33-0.22
0.740.510.840.750.8-0.09-0.640.53-0.25-0.530.530.840.67-0.720.880.880.73-0.680.160.77-0.790.860.37-0.670.81
-0.58-0.99-0.68-0.49-0.480.320.4-0.38-0.23-0.53-0.11-0.68-0.540.93-0.51-0.53-0.730.230.19-0.640.64-0.4-0.030.47-0.31
0.740.160.520.670.680.03-0.570.60.160.53-0.110.520.76-0.280.60.580.55-0.220.390.58-0.550.690.64-0.150.54
0.80.71.00.610.64-0.25-0.570.59-0.160.84-0.680.520.71-0.830.810.760.81-0.320.140.84-0.830.860.34-0.670.67
0.910.540.690.840.81-0.22-0.650.90.270.67-0.540.760.71-0.630.670.730.77-0.230.230.75-0.740.770.6-0.210.53
-0.67-0.91-0.83-0.56-0.570.390.57-0.47-0.13-0.720.93-0.28-0.83-0.63-0.63-0.64-0.870.310.23-0.820.83-0.54-0.040.63-0.43
0.770.530.810.740.790.26-0.550.49-0.120.88-0.510.60.810.67-0.630.850.69-0.70.310.68-0.670.890.46-0.540.96
0.870.50.760.930.950.08-0.440.610.00.88-0.530.580.760.73-0.640.850.63-0.670.470.55-0.560.890.65-0.350.81
0.780.740.810.650.65-0.33-0.830.510.30.73-0.730.550.810.77-0.870.690.63-0.25-0.160.88-0.870.610.12-0.640.48
-0.29-0.17-0.32-0.55-0.62-0.420.25-0.130.2-0.680.23-0.22-0.32-0.230.31-0.7-0.67-0.25-0.15-0.260.3-0.48-0.20.37-0.8
0.45-0.150.130.460.470.530.240.23-0.070.160.190.390.140.230.230.310.47-0.16-0.15-0.260.280.530.890.380.44
0.650.640.840.50.51-0.45-0.80.62-0.070.77-0.640.580.840.75-0.820.680.550.88-0.26-0.26-1.00.640.08-0.720.49
-0.63-0.64-0.83-0.5-0.520.480.81-0.620.09-0.790.64-0.55-0.83-0.740.83-0.67-0.56-0.870.30.28-1.0-0.64-0.060.74-0.48
0.870.420.850.780.820.06-0.50.68-0.210.86-0.40.690.860.77-0.540.890.890.61-0.480.530.64-0.640.69-0.420.85
0.710.060.330.710.70.310.020.610.040.37-0.030.640.340.6-0.040.460.650.12-0.20.890.08-0.060.690.340.51
-0.25-0.46-0.68-0.14-0.210.320.69-0.040.33-0.670.47-0.15-0.67-0.210.63-0.54-0.35-0.640.370.38-0.720.74-0.420.34-0.43
0.650.330.670.690.750.46-0.390.39-0.220.81-0.310.540.670.53-0.430.960.810.48-0.80.440.49-0.480.850.51-0.43
Click cells to compare fundamentals

Slam Exploration Account Relationship Matchups

Slam Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets308.4K1.0M1.8M1.7M1.9M993.7K
Total Current Liabilities429.7K421.4K490.8K570.3K655.9K364.2K
Total Stockholder Equity(121.3K)599.7K1.3M1.1M1.3M1.3M
Net Tangible Assets376.2K(121.4K)599.7K1.3M1.5M1.6M
Retained Earnings(24.9M)(24.8M)(24.8M)(25.0M)(22.5M)(23.7M)
Accounts Payable38.7K47.7K64.5K54.6K49.1K61.8K
Cash12.3K237.3K444.7K164.1K188.7K132.1K
Net Receivables44.8K22.7K82.8K29.5K26.5K25.2K
Short Term Investments90K194.2K167.9K259.7K298.6K313.6K
Other Stockholder Equity391.6K265.8K246.0K609.6K701.1K386.8K
Total Liab429.7K445.6K511.9K582.1K669.4K370.4K
Total Current Assets147.1K467.4K710.6K497.7K572.3K354.9K
Property Plant Equipment357.0K161.3K578.0K1.1M1.3M1.3M
Non Current Assets Total161.3K578.0K1.1M1.2M1.4M773.3K
Net Invested Capital(121.3K)624.0K1.4M1.2M1.3M757.8K
Net Working Capital(282.6K)46.0K219.8K(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

  0.48CVS CVS HEALTH CDRPairCorr
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.
Pair CorrelationCorrelation Matching
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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