Agnico Ebit vs Income Before Tax Analysis
AEM Stock | CAD 89.05 0.64 0.72% |
Agnico Eagle financial indicator trend analysis is way more than just evaluating Agnico Eagle Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agnico Eagle Mines is a good investment. Please check the relationship between Agnico Eagle Ebit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. 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.
Ebit vs Income Before Tax
Ebit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Ebit account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Agnico Eagle's Ebit and Income Before Tax is 0.96. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Agnico Eagle Mines, assuming nothing else is changed. The correlation between historical values of Agnico Eagle's Ebit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Agnico Eagle Mines are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebit i.e., Agnico Eagle's Ebit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Agnico Eagle income statement and is an important metric when analyzing Agnico Eagle Mines profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. 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. At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 254.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 1.0B | 1.3B | 1.7B | 1.8B | Total Revenue | 3.8B | 5.7B | 6.6B | 7.0B |
Agnico Eagle fundamental ratios Correlations
Click cells to compare fundamentals
Agnico Eagle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Agnico Eagle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 233.3M | 238.2M | 243.1M | 244.7M | 497.3M | 522.2M | |
Total Assets | 8.8B | 9.6B | 10.2B | 23.5B | 28.7B | 30.1B | |
Other Current Liab | 55.4M | 131.0M | 89.2M | 137.5M | 7.2M | 6.9M | |
Total Current Liabilities | 775.6M | 515.7M | 761.8M | 946.4M | 1.0B | 1.1B | |
Total Stockholder Equity | 5.1B | 5.7B | 6.0B | 16.2B | 19.4B | 20.4B | |
Property Plant And Equipment Net | 7.0B | 7.3B | 7.6B | 18.5B | 21.2B | 22.3B | |
Net Debt | 1.5B | 1.3B | 1.5B | 834.8M | 1.5B | 1.6B | |
Retained Earnings | (647.3M) | (366.4M) | (165.3M) | (201.6M) | 963.2M | 1.0B | |
Accounts Payable | 345.6M | 363.8M | 414.7M | 672.5M | 317.9M | 333.8M | |
Cash | 321.9M | 402.5M | 185.8M | 658.6M | 338.6M | 216.4M | |
Non Current Assets Total | 7.6B | 8.4B | 8.9B | 21.3B | 26.5B | 27.8B | |
Non Currrent Assets Other | 184.9M | 259.3M | 353.2M | 466.9M | 641.0M | 673.1M | |
Cash And Short Term Investments | 414.2M | 406.5M | 191.1M | 658.6M | 757.4M | 795.3M | |
Short Term Investments | 92.3M | 3.9M | 5.3M | 9.9M | 10.2M | 9.7M | |
Liabilities And Stockholders Equity | 8.8B | 9.6B | 10.2B | 23.5B | 27.0B | 28.4B | |
Non Current Liabilities Total | 2.9B | 3.4B | 3.4B | 6.3B | 8.2B | 8.6B | |
Other Current Assets | 179.2M | 159.2M | 198.8M | 260.0M | 35.9M | 34.1M | |
Other Stockholder Equity | 217.4M | 212.9M | 228.4M | 220.7M | 253.8M | 241.1M | |
Total Liab | 3.7B | 3.9B | 4.2B | 7.3B | 9.3B | 9.7B | |
Property Plant And Equipment Gross | 7.0B | 7.3B | 14.1B | 26.1B | 32.5B | 34.1B | |
Total Current Assets | 1.2B | 1.2B | 1.3B | 2.2B | 2.2B | 2.3B | |
Accumulated Other Comprehensive Income | (47.9M) | 85.3M | 54.3M | (29.0M) | (33.4M) | (31.7M) | |
Short Term Debt | 374.7M | 20.9M | 258.0M | 136.5M | 156.9M | 164.8M | |
Short Long Term Debt Total | 1.8B | 1.7B | 1.7B | 1.5B | 1.7B | 1.8B | |
Inventory | 580.1M | 630.5M | 878.9M | 1.2B | 1.4B | 1.5B | |
Common Stock Total Equity | 5.3B | 5.4B | 5.6B | 5.8B | 6.6B | 3.3B | |
Common Stock | 5.6B | 5.8B | 5.9B | 16.3B | 18.7B | 19.6B | |
Net Receivables | 10.6M | 15.5M | 21.2M | 43.6M | 8.1M | 7.7M | |
Other Liab | 1.4B | 1.8B | 2.0B | 5.0B | 5.7B | 6.0B | |
Net Tangible Assets | 4.1B | 4.7B | 5.3B | 5.6B | 6.4B | 4.6B | |
Other Assets | 184.9M | 259.3M | 561.4M | 450.5M | 518.1M | 544.0M | |
Long Term Debt | 1.4B | 1.6B | 1.3B | 1.2B | 1.7B | 1.5B | |
Property Plant Equipment | 7.0B | 7.3B | 7.6B | 18.5B | 21.2B | 22.3B | |
Long Term Debt Total | 1.5B | 1.7B | 1.4B | 1.4B | 1.6B | 1.5B | |
Capital Lease Obligations | 116.8M | 120.3M | 131.4M | 151.3M | 161.5M | 96.3M | |
Non Current Liabilities Other | 20.5M | 63.3M | 70.3M | 72.6M | 241.8M | 253.9M |
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 Agnico Eagle 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, Agnico Eagle's short interest history, or implied volatility extrapolated from Agnico Eagle options trading.
Pair Trading with Agnico Eagle
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 Agnico Eagle 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 Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.Moving together with Agnico Stock
0.95 | CM-PT | Canadian Imperial Bank | PairCorr |
0.87 | FFH-PH | Fairfax Financial Earnings Call Today | PairCorr |
0.69 | BMO-PE | Bank of Montreal | PairCorr |
Moving against Agnico Stock
0.88 | SEC | Senvest Capital | PairCorr |
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle 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 Agnico Eagle - 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 Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle 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 Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines 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 Agnico Eagle 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Agnico Stock analysis
When running Agnico Eagle's price analysis, check to measure Agnico Eagle'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 Agnico Eagle is operating at the current time. Most of Agnico Eagle's value examination focuses on studying past and present price action to predict the probability of Agnico Eagle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agnico Eagle's price. Additionally, you may evaluate how the addition of Agnico Eagle to your portfolios can decrease your overall portfolio volatility.
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