| LUM Stock | | | CAD 0.50 0.01 2.04% |
Lumina Gold financial indicator trend analysis is infinitely more than just investigating Lumina Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumina Gold Corp is a good investment. Please check the relationship between Lumina Gold Accounts Payable and its Retained Earnings accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lumina Gold Corp Accounts Payable account and
Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lumina Gold's Accounts Payable and Retained Earnings is -0.57. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Lumina Gold Corp, assuming nothing else is changed. The correlation between historical values of Lumina Gold's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Lumina Gold Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Lumina Gold's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Lumina Gold 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 Lumina Gold Corp 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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Lumina Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumina Gold Corp 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 Lumina Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Enterprise Value is likely to climb to about 95.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2
M in 2024.
Lumina Gold fundamental ratios Correlations
Click cells to compare fundamentals
Lumina Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumina Gold fundamental ratios Accounts
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Additional Tools for Lumina Stock Analysis
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