Orestone Accounts Payable vs Other Stockholder Equity Analysis

ORS Stock  CAD 0.03  0.00  0.00%   
Orestone Mining financial indicator trend analysis is much more than just breaking down Orestone Mining Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orestone Mining Corp is a good investment. Please check the relationship between Orestone Mining Accounts Payable and its Other Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orestone Mining Corp. 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.

Accounts Payable vs Other Stockholder Equity

Accounts Payable vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orestone Mining Corp Accounts Payable account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orestone Mining's Accounts Payable and Other Stockholder Equity is -0.07. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Orestone Mining Corp, assuming nothing else is changed. The correlation between historical values of Orestone Mining's Accounts Payable and Other Stockholder Equity 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 Orestone Mining Corp are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., Orestone Mining's Accounts Payable and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Orestone Mining 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 Orestone Mining 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.

Other Stockholder Equity

Most indicators from Orestone Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orestone Mining 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orestone Mining Corp. 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, Orestone Mining's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Income37.04.03.63.42
Net Interest Income37.04.03.63.42

Orestone Mining fundamental ratios Correlations

-0.340.140.990.95-0.470.10.180.450.950.690.450.550.240.320.280.140.540.720.40.270.710.30.330.280.06
-0.340.23-0.37-0.290.12-0.240.06-0.12-0.3-0.22-0.21-0.29-0.01-0.22-0.250.23-0.25-0.46-0.38-0.03-0.45-0.11-0.21-0.070.14
0.140.230.040.0-0.250.330.940.260.010.240.340.59-0.250.71-0.281.00.470.30.4-0.180.32-0.22-0.11-0.220.31
0.99-0.370.040.96-0.450.070.090.430.960.680.420.50.250.250.320.040.50.70.360.290.680.320.340.30.04
0.95-0.290.00.96-0.27-0.070.020.251.00.640.170.40.330.120.280.00.270.580.260.370.580.380.260.37-0.06
-0.470.12-0.25-0.45-0.27-0.19-0.27-1.0-0.27-0.15-0.83-0.19-0.12-0.20.07-0.25-0.76-0.64-0.27-0.19-0.6-0.27-0.68-0.18-0.66
0.1-0.240.330.07-0.07-0.190.460.21-0.060.580.420.64-0.790.670.260.330.530.550.81-0.750.59-0.73-0.29-0.740.06
0.180.060.940.090.02-0.270.460.280.030.310.410.71-0.350.83-0.070.940.560.40.53-0.260.42-0.28-0.05-0.290.29
0.45-0.120.260.430.25-1.00.210.280.250.160.830.20.090.2-0.060.260.770.640.280.150.60.240.670.150.68
0.95-0.30.010.961.0-0.27-0.060.030.250.640.170.410.320.130.280.010.270.580.270.360.580.370.250.36-0.06
0.69-0.220.240.680.64-0.150.580.310.160.640.260.79-0.440.520.570.240.450.560.64-0.460.6-0.43-0.09-0.440.07
0.45-0.210.340.420.17-0.830.420.410.830.170.260.47-0.10.530.030.340.960.640.43-0.060.60.00.41-0.050.45
0.55-0.290.590.50.4-0.190.640.710.20.410.790.47-0.480.910.40.590.680.580.66-0.420.59-0.4-0.09-0.420.07
0.24-0.01-0.250.250.33-0.12-0.79-0.350.090.32-0.44-0.1-0.48-0.44-0.35-0.25-0.25-0.11-0.540.91-0.170.920.440.96-0.18
0.32-0.220.710.250.12-0.20.670.830.20.130.520.530.91-0.440.170.710.690.540.6-0.370.53-0.36-0.1-0.370.05
0.28-0.25-0.280.320.280.070.26-0.07-0.060.280.570.030.4-0.350.17-0.280.150.110.23-0.370.09-0.330.1-0.350.07
0.140.231.00.040.0-0.250.330.940.260.010.240.340.59-0.250.71-0.280.470.30.4-0.180.32-0.22-0.11-0.220.31
0.54-0.250.470.50.27-0.760.530.560.770.270.450.960.68-0.250.690.150.470.720.55-0.170.69-0.110.33-0.170.44
0.72-0.460.30.70.58-0.640.550.40.640.580.560.640.58-0.110.540.110.30.720.710.030.990.060.270.010.14
0.4-0.380.40.360.26-0.270.810.530.280.270.640.430.66-0.540.60.230.40.550.71-0.520.77-0.53-0.28-0.51-0.02
0.27-0.03-0.180.290.37-0.19-0.75-0.260.150.36-0.46-0.06-0.420.91-0.37-0.37-0.18-0.170.03-0.52-0.040.980.490.98-0.09
0.71-0.450.320.680.58-0.60.590.420.60.580.60.60.59-0.170.530.090.320.690.990.77-0.04-0.010.19-0.060.13
0.3-0.11-0.220.320.38-0.27-0.73-0.280.240.37-0.430.0-0.40.92-0.36-0.33-0.22-0.110.06-0.530.98-0.010.630.980.0
0.33-0.21-0.110.340.26-0.68-0.29-0.050.670.25-0.090.41-0.090.44-0.10.1-0.110.330.27-0.280.490.190.630.490.64
0.28-0.07-0.220.30.37-0.18-0.74-0.290.150.36-0.44-0.05-0.420.96-0.37-0.35-0.22-0.170.01-0.510.98-0.060.980.49-0.14
0.060.140.310.04-0.06-0.660.060.290.68-0.060.070.450.07-0.180.050.070.310.440.14-0.02-0.090.130.00.64-0.14
Click cells to compare fundamentals

Orestone Mining Account Relationship Matchups

Orestone Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6M2.5M3.8M3.3M3.8M3.0M
Other Current Liab13.0K44.1K84.5K59.5K53.5K48.8K
Total Current Liabilities59.6K245.9K270.9K84.7K76.2K72.4K
Total Stockholder Equity2.6M2.2M3.5M3.3M3.8M2.8M
Property Plant And Equipment Net2.4M2.3M2.9M3.2M3.6M2.5M
Net Debt(159.4K)(69.7K)(753.8K)(151.3K)(174.0K)(182.7K)
Retained Earnings(7.4M)(8.8M)(9.3M)(9.6M)(8.6M)(8.2M)
Accounts Payable46.5K201.8K186.4K25.2K22.7K21.6K
Cash159.4K69.7K753.8K151.3K136.2K163.2K
Non Current Assets Total2.4M2.4M2.9M3.2M3.7M2.6M
Cash And Short Term Investments159.5K69.8K753.8K151.3K136.2K264.4K
Net Receivables38.4K16.6K10.1K2.2K1.9K1.8K
Common Stock Shares Outstanding23.0M35.6M54.3M56.7M65.2M68.4M
Short Term Investments93.033.047.037.020.00.0
Liabilities And Stockholders Equity2.6M2.5M3.8M3.3M3.8M3.0M
Other Stockholder Equity35K2.4M2.9M3.4M3.1M3.3M
Total Liab59.6K245.9K270.9K84.7K76.2K72.4K
Total Current Assets221.4K99.1K829.1K159.7K143.7K136.5K
Accumulated Other Comprehensive Income1.7M2.4M2.9M3.4M3.9M2.1M
Net Tangible Assets1.2M2.6M2.2M3.5M3.1M2.0M
Common Stock6.3M7.6M8.1M9.4M10.8M7.9M
Property Plant Equipment1.5M2.4M2.3M2.9M2.6M1.8M
Net Invested Capital2.6M2.2M3.5M3.3M3.8M2.6M
Net Working Capital161.8K(146.9K)558.2K75.0K86.2K68.5K

Pair Trading with Orestone Mining

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 Orestone Mining 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 Orestone Mining will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Orestone Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orestone Mining 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 Orestone Mining - 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 Orestone Mining Corp to buy it.
The correlation of Orestone Mining 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 Orestone Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orestone Mining Corp 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 Orestone Mining 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 CorrelationCorrelation Matching
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orestone Mining Corp. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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