HMY Stock | | | USD 9.63 0.06 0.63% |
Harmony Gold financial indicator trend analysis is much more than just examining Harmony Gold Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmony Gold Mining is a good investment. Please check the relationship between Harmony Gold Total Assets and its Other Stockholder Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Total Assets vs Other Stockholder Equity
Total Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Harmony Gold Mining Total Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between Harmony Gold's Total Assets and Other Stockholder Equity is 0.37. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Harmony Gold Mining, assuming nothing else is changed. The correlation between historical values of Harmony Gold's Total Assets and Other 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 Total Assets of Harmony Gold Mining are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Harmony Gold's Total Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Harmony Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Harmony Gold Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Other Stockholder Equity
Most indicators from Harmony Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmony Gold Mining 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 Harmony Gold Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Harmony Gold's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 2.1
B in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
Harmony Gold fundamental ratios Correlations
Click cells to compare fundamentals
Harmony Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harmony Gold fundamental ratios Accounts
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Additional Tools for Harmony Stock Analysis
When running Harmony Gold's price analysis, check to
measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to
predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.