DRDGOLD Total Assets from 2010 to 2024
| DRD Stock | USD 8.33 0.08 0.97% |
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 , as well as many exotic indicators such as . DRDGOLD financial statements analysis is a perfect complement when working with DRDGOLD Limited Valuation or Volatility modules.
DRDGOLD |
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 Total Assets, 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.
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. DRDGOLD Limited operates as a subsidiary of Sibanye Gold Limited. DRDGOLD operates under Gold classification in the United States and is traded on New York Stock Exchange.
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
| 0.81 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.79 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
| 0.83 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against DRDGOLD Stock
| 0.65 | NC | NACCO Industries | PairCorr |
| 0.52 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.52 | VALE | Vale SA ADR | 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.
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.