Aurion Cash And Short Term Investments vs Net Invested Capital Analysis

AU Stock

CAD 0.64 0.02 3.03%

Aurion Resources financial indicator trend analysis is way more than just evaluating Aurion Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurion Resources is a good investment. Please check the relationship between Aurion Resources Cash And Short Term Investments and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurion Resources. 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.

Cash And Short Term Investments vs Net Invested Capital

Cash And Short Term Investments vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurion Resources Cash And Short Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Aurion Resources' Cash And Short Term Investments and Net Invested Capital is 0.72. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Aurion Resources, assuming nothing else is changed. The correlation between historical values of Aurion Resources' Cash And Short Term Investments and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Aurion Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Short Term Investments i.e., Aurion Resources' Cash And Short Term Investments and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Aurion Resources balance sheet. This account contains Aurion Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Aurion Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Aurion Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurion Resources 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 Aurion Resources. 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.

Issuance Of Capital Stock is likely to climb to about 9.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	4.3M	4.5M	5.2M	5.4M
Interest Expense	11.1K	8.8K	7.6K	11.2K

Other Operating Expenses Interest Expense

Aurion Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Common Stock	Inventory	Other Current Assets	Short Term Investments	Net Tangible Assets	Property Plant Equipment	Short Long Term Debt Total	Short Term Debt	Net Invested Capital	Net Working Capital
Total Assets		0.89	1.0	0.98	-0.65	-0.98	0.71	0.61	0.97	0.86	0.4	0.95	0.88	0.96	0.69	0.93	1.0	0.85	0.96	0.61	1.0	0.98	-0.9	-0.76	0.92	-0.52
Total Current Liabilities	0.89		0.88	0.88	-0.45	-0.91	0.8	0.41	0.88	0.73	0.59	0.9	0.83	0.95	0.56	0.87	0.9	0.77	0.87	0.6	0.89	0.87	-0.8	-0.7	0.78	-0.58
Total Stockholder Equity	1.0	0.88		0.98	-0.66	-0.97	0.71	0.62	0.97	0.86	0.4	0.95	0.87	0.96	0.7	0.93	1.0	0.85	0.96	0.61	1.0	0.98	-0.9	-0.76	0.92	-0.51
Property Plant And Equipment Net	0.98	0.88	0.98		-0.51	-0.98	0.64	0.47	0.99	0.75	0.34	0.96	0.9	0.97	0.55	0.92	0.98	0.78	0.98	0.51	0.99	1.0	-0.87	-0.71	0.92	-0.61
Net Debt	-0.65	-0.45	-0.66	-0.51		0.54	-0.59	-1.0	-0.47	-0.9	-0.31	-0.51	-0.5	-0.5	-0.91	-0.53	-0.62	-0.62	-0.53	-0.51	-0.62	-0.54	0.58	0.51	-0.62	-0.22
Retained Earnings	-0.98	-0.91	-0.97	-0.98	0.54		-0.67	-0.5	-0.98	-0.78	-0.37	-0.99	-0.89	-0.97	-0.59	-0.91	-0.99	-0.81	-0.96	-0.54	-0.98	-0.97	0.9	0.76	-0.91	0.59
Accounts Payable	0.71	0.8	0.71	0.64	-0.59	-0.67		0.58	0.59	0.77	0.9	0.65	0.49	0.68	0.78	0.83	0.7	0.84	0.68	0.8	0.68	0.66	-0.72	-0.72	0.55	-0.39
Cash	0.61	0.41	0.62	0.47	-1.0	-0.5	0.58		0.42	0.87	0.31	0.46	0.46	0.46	0.92	0.5	0.58	0.61	0.49	0.51	0.58	0.5	-0.55	-0.49	0.6	0.25
Non Current Assets Total	0.97	0.88	0.97	0.99	-0.47	-0.98	0.59	0.42		0.71	0.28	0.96	0.92	0.98	0.49	0.89	0.98	0.74	0.97	0.45	0.98	0.99	-0.85	-0.68	0.92	-0.62
Cash And Short Term Investments	0.86	0.73	0.86	0.75	-0.9	-0.78	0.77	0.87	0.71		0.53	0.77	0.65	0.75	0.93	0.81	0.84	0.86	0.74	0.73	0.84	0.77	-0.82	-0.75	0.72	-0.2
Net Receivables	0.4	0.59	0.4	0.34	-0.31	-0.37	0.9	0.31	0.28	0.53		0.38	0.13	0.39	0.58	0.64	0.4	0.68	0.38	0.78	0.37	0.36	-0.49	-0.59	0.16	-0.4
Common Stock Shares Outstanding	0.95	0.9	0.95	0.96	-0.51	-0.99	0.65	0.46	0.96	0.77	0.38		0.88	0.96	0.56	0.89	0.97	0.78	0.93	0.55	0.96	0.95	-0.89	-0.77	0.86	-0.6
Other Stockholder Equity	0.88	0.83	0.87	0.9	-0.5	-0.89	0.49	0.46	0.92	0.65	0.13	0.88		0.93	0.41	0.7	0.89	0.53	0.88	0.22	0.89	0.88	-0.7	-0.51	0.92	-0.37
Total Liab	0.96	0.95	0.96	0.97	-0.5	-0.97	0.68	0.46	0.98	0.75	0.39	0.96	0.93		0.53	0.89	0.97	0.75	0.96	0.48	0.97	0.96	-0.83	-0.68	0.9	-0.57
Total Current Assets	0.69	0.56	0.7	0.55	-0.91	-0.59	0.78	0.92	0.49	0.93	0.58	0.56	0.41	0.53		0.69	0.66	0.82	0.56	0.81	0.65	0.58	-0.7	-0.68	0.57	-0.02
Non Currrent Assets Other	0.93	0.87	0.93	0.92	-0.53	-0.91	0.83	0.5	0.89	0.81	0.64	0.89	0.7	0.89	0.69		0.93	0.92	0.91	0.76	0.92	0.93	-0.89	-0.81	0.76	-0.67
Common Stock	1.0	0.9	1.0	0.98	-0.62	-0.99	0.7	0.58	0.98	0.84	0.4	0.97	0.89	0.97	0.66	0.93		0.83	0.96	0.58	1.0	0.98	-0.9	-0.76	0.91	-0.54
Inventory	0.85	0.77	0.85	0.78	-0.62	-0.81	0.84	0.61	0.74	0.86	0.68	0.78	0.53	0.75	0.82	0.92	0.83		0.77	0.87	0.83	0.8	-0.88	-0.85	0.69	-0.57
Other Current Assets	0.96	0.87	0.96	0.98	-0.53	-0.96	0.68	0.49	0.97	0.74	0.38	0.93	0.88	0.96	0.56	0.91	0.96	0.77		0.49	0.96	0.99	-0.83	-0.68	0.91	-0.57
Short Term Investments	0.61	0.6	0.61	0.51	-0.51	-0.54	0.8	0.51	0.45	0.73	0.78	0.55	0.22	0.48	0.81	0.76	0.58	0.87	0.49		0.57	0.54	-0.72	-0.77	0.34	-0.42
Net Tangible Assets	1.0	0.89	1.0	0.99	-0.62	-0.98	0.68	0.58	0.98	0.84	0.37	0.96	0.89	0.97	0.65	0.92	1.0	0.83	0.96	0.57		0.98	-0.89	-0.75	0.92	-0.54
Property Plant Equipment	0.98	0.87	0.98	1.0	-0.54	-0.97	0.66	0.5	0.99	0.77	0.36	0.95	0.88	0.96	0.58	0.93	0.98	0.8	0.99	0.54	0.98		-0.88	-0.72	0.92	-0.6
Short Long Term Debt Total	-0.9	-0.8	-0.9	-0.87	0.58	0.9	-0.72	-0.55	-0.85	-0.82	-0.49	-0.89	-0.7	-0.83	-0.7	-0.89	-0.9	-0.88	-0.83	-0.72	-0.89	-0.88		0.96	-0.77	0.54
Short Term Debt	-0.76	-0.7	-0.76	-0.71	0.51	0.76	-0.72	-0.49	-0.68	-0.75	-0.59	-0.77	-0.51	-0.68	-0.68	-0.81	-0.76	-0.85	-0.68	-0.77	-0.75	-0.72	0.96		-0.58	0.5
Net Invested Capital	0.92	0.78	0.92	0.92	-0.62	-0.91	0.55	0.6	0.92	0.72	0.16	0.86	0.92	0.9	0.57	0.76	0.91	0.69	0.91	0.34	0.92	0.92	-0.77	-0.58		-0.36
Net Working Capital	-0.52	-0.58	-0.51	-0.61	-0.22	0.59	-0.39	0.25	-0.62	-0.2	-0.4	-0.6	-0.37	-0.57	-0.02	-0.67	-0.54	-0.57	-0.57	-0.42	-0.54	-0.6	0.54	0.5	-0.36

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Aurion Resources Account Relationship Matchups

Aurion Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.7M	42.2M	65.3M	64.6M	67.4M	70.8M
Total Current Liabilities	1.3M	404.7K	803.4K	1.6M	1.4M	1.5M
Total Stockholder Equity	37.8M	41.0M	63.3M	62.0M	64.4M	67.6M
Property Plant And Equipment Net	22.3M	30.1M	35.4M	41.0M	45.1M	47.4M
Net Debt	(8.6M)	(1.6M)	(20.3M)	(7.0M)	(6.3M)	(5.9M)
Retained Earnings	(23.6M)	(26.5M)	(33.9M)	(38.6M)	(44.6M)	(42.4M)
Accounts Payable	1.3M	370.4K	768.8K	715.9K	711.6K	489.4K
Cash	8.8M	1.7M	20.3M	7.0M	5.8M	4.4M
Non Current Assets Total	22.3M	34.0M	39.2M	49.6M	58.4M	61.3M
Cash And Short Term Investments	15.9M	7.5M	25.3M	14.2M	16.3M	17.1M
Net Receivables	984.0K	240.7K	241.7K	292.1K	335.9K	239.4K
Common Stock Shares Outstanding	77.2M	83.5M	98.6M	117.7M	132.5M	139.1M
Liabilities And Stockholders Equity	39.7M	42.2M	65.3M	64.6M	74.3M	78.0M
Other Stockholder Equity	10.3M	4.3M	20.1M	22.9M	26.3M	27.6M
Total Liab	1.9M	1.2M	2.0M	2.6M	3.1M	3.2M
Total Current Assets	17.4M	8.2M	26.1M	15.0M	9.0M	7.8M
Common Stock	51.1M	51.2M	77.2M	77.4M	89.0M	93.5M
Other Current Assets	356.0K	370.3K	416.0K	417.7K	480.4K	504.4K
Short Term Investments	7.2M	5.8M	5.0M	7.2M	2.4M	3.9M
Accumulated Other Comprehensive Income	10.3M	11.9M	(113.7K)	292.0K	335.8K	319.0K
Net Tangible Assets	25.2M	37.8M	41.0M	63.3M	72.8M	76.5M
Property Plant Equipment	14.8M	22.3M	30.1M	35.4M	40.7M	42.7M
Non Current Liabilities Total	558.4K	817.7K	1.2M	1.1M	1.6M	1.7M
Net Invested Capital	37.8M	41.0M	63.3M	62.0M	64.4M	50.3M
Net Working Capital	16.1M	7.8M	25.3M	13.5M	7.5M	11.5M
Capital Stock	51.1M	51.2M	77.2M	77.4M	84.4M	68.9M

Pair Trading with Aurion Resources

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 Aurion Resources 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 Aurion Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aurion Stock

0.87	IE	Ivanhoe Energy	Pair Corr
0.83	FDY	Faraday Copper Corp	Pair Corr
0.79	BOFA	Bank of America	Pair Corr

Moving against Aurion Stock

0.52

IBM

International Business

Pair Corr

The ability to find closely correlated positions to Aurion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurion Resources 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 Aurion Resources - 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 Aurion Resources to buy it.

The correlation of Aurion Resources 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 Aurion Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurion Resources 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 Aurion Resources 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.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurion Resources. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Aurion Resources' price analysis, check to measure Aurion Resources' 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 Aurion Resources is operating at the current time. Most of Aurion Resources' value examination focuses on studying past and present price action to predict the probability of Aurion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurion Resources' price. Additionally, you may evaluate how the addition of Aurion Resources to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Aurion Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurion Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurion Resources' 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.

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Aurion Cash And Short Term Investments vs Net Invested Capital Analysis

Cash And Short Term Investments vs Net Invested Capital

Cash And Short Term Investments vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Invested Capital

Aurion Resources fundamental ratios Correlations

Aurion Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aurion Resources fundamental ratios Accounts

Pair Trading with Aurion Resources

Moving together with Aurion Stock

Moving against Aurion Stock

Complementary Tools for Aurion Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net

Cash	- 1.0	Net Debt
Common Stock	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Net Tangible Assets	- 0.98	Retained Earnings
Non Current Assets Total	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Property Plant And Equipment Net