DRDGOLD Cash Flow To Debt Ratio from 2010 to 2024
| DRD Stock | USD 8.62 0.04 0.46% |
Cash Flow To Debt Ratio | First Reported 2010-12-31 | Previous Quarter 37.53 | Current Value 39.41 | Quarterly Volatility 14.35996446 |
Check DRDGOLD Limited financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DRDGOLD main balance sheet or income statement drivers, such as Depreciation And Amortization of 186.9 M, Interest Expense of 48.5 M or Selling General Administrative of 99.9 M, as well as many exotic indicators such as Price To Sales Ratio of 2.94, Dividend Yield of 0.0248 or PTB Ratio of 2.3. DRDGOLD financial statements analysis is a perfect complement when working with DRDGOLD Limited Valuation or Volatility modules.
DRDGOLD | Cash Flow To Debt Ratio |
Latest DRDGOLD Limited's Cash Flow To Debt Ratio Growth Pattern
Below is the plot of the Cash Flow To Debt Ratio of DRDGOLD Limited ADR over the last few years. It is DRDGOLD Limited's Cash Flow To Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in DRDGOLD Limited's overall financial position and show how it may be relating to other accounts over time.
| Cash Flow To Debt Ratio | 10 Years Trend |
|
Cash Flow To Debt Ratio |
| Timeline |
DRDGOLD Cash Flow To Debt Ratio Regression Statistics
| Arithmetic Mean | 19.85 | |
| Geometric Mean | 11.23 | |
| Coefficient Of Variation | 72.33 | |
| Mean Deviation | 11.92 | |
| Median | 21.66 | |
| Standard Deviation | 14.36 | |
| Sample Variance | 206.21 | |
| Range | 41.1601 | |
| R-Value | 0.86 | |
| Mean Square Error | 57.23 | |
| R-Squared | 0.74 | |
| Significance | 0.000037 | |
| Slope | 2.77 | |
| Total Sum of Squares | 2,887 |
DRDGOLD Cash Flow To Debt Ratio History
About DRDGOLD Limited Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include DRDGOLD Limited income statement, its balance sheet, and the statement of cash flows. DRDGOLD Limited investors use historical funamental indicators, such as DRDGOLD Limited's Cash Flow To Debt Ratio, to determine how well the company is positioned to perform in the future. Although DRDGOLD Limited investors may use each financial statement separately, they are all related. The changes in DRDGOLD Limited's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DRDGOLD Limited's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on DRDGOLD Limited Financial Statements. Understanding these patterns can help to make the right decision on long term investment in DRDGOLD Limited. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash Flow To Debt Ratio | 37.53 | 39.41 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DRDGOLD Limited in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DRDGOLD Limited's short interest history, or implied volatility extrapolated from DRDGOLD Limited options trading.
Pair Trading with DRDGOLD Limited
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 DRDGOLD Limited 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 DRDGOLD Limited will appreciate offsetting losses from the drop in the long position's value.Moving together with DRDGOLD Stock
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Moving against DRDGOLD Stock
| 0.7 | NC | NACCO Industries | PairCorr |
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| 0.6 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to DRDGOLD Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRDGOLD Limited 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 DRDGOLD Limited - 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 DRDGOLD Limited ADR to buy it.
The correlation of DRDGOLD Limited 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 DRDGOLD Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRDGOLD Limited ADR 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 DRDGOLD Limited 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 the analysis of DRDGOLD Limited Correlation against competitors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for DRDGOLD Stock analysis
When running DRDGOLD Limited's price analysis, check to measure DRDGOLD Limited'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 DRDGOLD Limited is operating at the current time. Most of DRDGOLD Limited's value examination focuses on studying past and present price action to predict the probability of DRDGOLD Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD Limited's price. Additionally, you may evaluate how the addition of DRDGOLD Limited to your portfolios can decrease your overall portfolio volatility.
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Is DRDGOLD Limited's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DRDGOLD Limited. If investors know DRDGOLD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DRDGOLD Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.095 | Dividend Share 8.5 | Earnings Share 0.8 | Revenue Per Share 67.565 | Quarterly Revenue Growth 0.121 |
The market value of DRDGOLD Limited ADR is measured differently than its book value, which is the value of DRDGOLD that is recorded on the company's balance sheet. Investors also form their own opinion of DRDGOLD Limited's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DRDGOLD Limited's market value can be influenced by many factors that don't directly affect DRDGOLD Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DRDGOLD Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD Limited'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.