Trigon Intangible Assets vs Cash Analysis
TM Stock | CAD 0.19 0.01 5.56% |
Trigon Metals financial indicator trend analysis is much more than just breaking down Trigon Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trigon Metals is a good investment. Please check the relationship between Trigon Metals Intangible Assets and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trigon Metals. 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.
Intangible Assets vs Cash
Intangible Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trigon Metals Intangible Assets account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Trigon Metals' Intangible Assets and Cash is -0.79. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Trigon Metals, assuming nothing else is changed. The correlation between historical values of Trigon Metals' Intangible Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Trigon Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Intangible Assets i.e., Trigon Metals' Intangible Assets and Cash go up and down completely randomly.
Correlation Coefficient | -0.79 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Cash
Cash refers to the most liquid asset of Trigon Metals, which is listed under current asset account on Trigon Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Trigon Metals customers. The amounts must be unrestricted with restricted cash listed in a different Trigon Metals 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.Most indicators from Trigon Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trigon Metals 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 Trigon Metals. 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 drop to about 1.6 M in 2024. Discontinued Operations is likely to drop to about (3.4 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 5.3M | 4.9M | 5.6M | 3.0M | Cost Of Revenue | 194.3K | 2.0M | 1.8M | 2.6M |
Trigon Metals fundamental ratios Correlations
Click cells to compare fundamentals
Trigon Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trigon Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7M | 3.0M | 18.2M | 35.7M | 41.0M | 43.1M | |
Short Long Term Debt Total | 294.9K | 1.9M | 3.3M | 194.2K | 223.3K | 212.1K | |
Other Current Liab | 166.8K | 666.2K | 797.9K | 910.2K | 1.0M | 1.1M | |
Total Current Liabilities | 554.6K | 1.0M | 6.7M | 1.8M | 1.6M | 1.3M | |
Total Stockholder Equity | 1.5M | 1.6M | 9.8M | (4.3M) | (4.9M) | (4.7M) | |
Property Plant And Equipment Net | 229.0K | 308.8K | 15.6M | 13.2M | 15.2M | 16.0M | |
Net Debt | (1.2M) | (796.5K) | 3.0M | (20.5M) | (18.5M) | (17.6M) | |
Retained Earnings | (28.8M) | (44.6M) | (49.5M) | (65.7M) | (59.2M) | (56.2M) | |
Accounts Payable | 92.9K | 347.9K | 4.3M | 153.4K | 138.1K | 131.2K | |
Non Current Assets Total | 229.0K | 308.8K | 15.6M | 14.4M | 16.6M | 17.4M | |
Net Receivables | 23.9K | 45.0K | 1.8M | 434.2K | 390.8K | 581.8K | |
Common Stock Shares Outstanding | 60.3M | 102.8M | 143.3M | 172.0M | 197.8M | 207.7M | |
Liabilities And Stockholders Equity | 1.7M | 3.0M | 18.2M | 35.7M | 41.0M | 43.1M | |
Other Stockholder Equity | 48.4K | 7.4M | 7.6M | 6.4M | 5.8M | 5.2M | |
Total Liab | 554.6K | 1.8M | 9.3M | 42.6M | 49.0M | 51.4M | |
Total Current Assets | 1.5M | 2.7M | 2.6M | 21.2M | 24.4M | 25.6M | |
Short Term Debt | 294.9K | 837.8K | 1.6M | 63.5K | 57.2K | 54.3K | |
Cash | 1.4M | 2.6M | 319.9K | 20.7M | 23.8M | 25.0M | |
Cash And Short Term Investments | 1.4M | 2.6M | 319.9K | 20.7M | 23.8M | 25.0M | |
Accumulated Other Comprehensive Income | 1.8M | 2.5M | 3.9M | 10.5M | 12.1M | 12.7M | |
Other Current Assets | 20.8K | 26.0K | 528.1K | 61.6K | 55.4K | 52.7K | |
Common Stock | 28.4M | 36.3M | 47.7M | 44.6M | 51.2M | 32.6M | |
Net Tangible Assets | (422.0K) | 2.1M | 2.1M | 12.4M | 14.2M | 14.9M | |
Property Plant Equipment | 342.1K | 324.7K | 388.4K | 19.4M | 22.4M | 23.5M | |
Net Invested Capital | 2.6M | 2.1M | 15.4M | (4.3M) | (4.9M) | (4.7M) | |
Net Working Capital | 1.3M | 2.1M | (5.6M) | 19.5M | 22.4M | 23.5M | |
Capital Stock | 40.2M | 45.6M | 59.6M | 44.6M | 51.2M | 49.9M |
Pair Trading with Trigon Metals
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 Trigon Metals 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 Trigon Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Trigon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trigon Metals 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 Trigon Metals - 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 Trigon Metals to buy it.
The correlation of Trigon Metals 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 Trigon Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trigon Metals 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 Trigon Metals 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 Trigon Metals. 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Trigon Stock analysis
When running Trigon Metals' price analysis, check to measure Trigon Metals' 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 Trigon Metals is operating at the current time. Most of Trigon Metals' value examination focuses on studying past and present price action to predict the probability of Trigon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigon Metals' price. Additionally, you may evaluate how the addition of Trigon Metals to your portfolios can decrease your overall portfolio volatility.
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