Orestone Net Working Capital vs Retained Earnings Analysis

ORS Stock

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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 Net Working Capital and its Retained Earnings 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.

Net Working Capital vs Retained Earnings

Net Working Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orestone Mining Corp Net Working Capital account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Orestone Mining's Net Working Capital and Retained Earnings is -0.29. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Retained Earnings 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 Net Working Capital and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Orestone Mining Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Working Capital i.e., Orestone Mining's Net Working Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Income	37.0	4.0	3.6	3.42
Net Interest Income	37.0	4.0	3.6	3.42

Interest Income Net Interest Income

Orestone Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Net Tangible Assets	Other Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Other Current Assets
Total Assets		-0.34	0.14	0.99	0.95	-0.47	0.1	0.18	0.45	0.95	0.69	0.45	0.55	0.24	0.32	0.28	0.14	0.54	0.72	0.4	0.27	0.71	0.3	0.33	0.28	0.06
Other Current Liab	-0.34		0.23	-0.37	-0.29	0.12	-0.24	0.06	-0.12	-0.3	-0.22	-0.21	-0.29	-0.01	-0.22	-0.25	0.23	-0.25	-0.46	-0.38	-0.03	-0.45	-0.11	-0.21	-0.07	0.14
Total Current Liabilities	0.14	0.23		0.04	0.0	-0.25	0.33	0.94	0.26	0.01	0.24	0.34	0.59	-0.25	0.71	-0.28	1.0	0.47	0.3	0.4	-0.18	0.32	-0.22	-0.11	-0.22	0.31
Total Stockholder Equity	0.99	-0.37	0.04		0.96	-0.45	0.07	0.09	0.43	0.96	0.68	0.42	0.5	0.25	0.25	0.32	0.04	0.5	0.7	0.36	0.29	0.68	0.32	0.34	0.3	0.04
Property Plant And Equipment Net	0.95	-0.29	0.0	0.96		-0.27	-0.07	0.02	0.25	1.0	0.64	0.17	0.4	0.33	0.12	0.28	0.0	0.27	0.58	0.26	0.37	0.58	0.38	0.26	0.37	-0.06
Net Debt	-0.47	0.12	-0.25	-0.45	-0.27		-0.19	-0.27	-1.0	-0.27	-0.15	-0.83	-0.19	-0.12	-0.2	0.07	-0.25	-0.76	-0.64	-0.27	-0.19	-0.6	-0.27	-0.68	-0.18	-0.66
Retained Earnings	0.1	-0.24	0.33	0.07	-0.07	-0.19		0.46	0.21	-0.06	0.58	0.42	0.64	-0.79	0.67	0.26	0.33	0.53	0.55	0.81	-0.75	0.59	-0.73	-0.29	-0.74	0.06
Accounts Payable	0.18	0.06	0.94	0.09	0.02	-0.27	0.46		0.28	0.03	0.31	0.41	0.71	-0.35	0.83	-0.07	0.94	0.56	0.4	0.53	-0.26	0.42	-0.28	-0.05	-0.29	0.29
Cash	0.45	-0.12	0.26	0.43	0.25	-1.0	0.21	0.28		0.25	0.16	0.83	0.2	0.09	0.2	-0.06	0.26	0.77	0.64	0.28	0.15	0.6	0.24	0.67	0.15	0.68
Non Current Assets Total	0.95	-0.3	0.01	0.96	1.0	-0.27	-0.06	0.03	0.25		0.64	0.17	0.41	0.32	0.13	0.28	0.01	0.27	0.58	0.27	0.36	0.58	0.37	0.25	0.36	-0.06
Non Currrent Assets Other	0.69	-0.22	0.24	0.68	0.64	-0.15	0.58	0.31	0.16	0.64		0.26	0.79	-0.44	0.52	0.57	0.24	0.45	0.56	0.64	-0.46	0.6	-0.43	-0.09	-0.44	0.07
Cash And Short Term Investments	0.45	-0.21	0.34	0.42	0.17	-0.83	0.42	0.41	0.83	0.17	0.26		0.47	-0.1	0.53	0.03	0.34	0.96	0.64	0.43	-0.06	0.6	0.0	0.41	-0.05	0.45
Net Receivables	0.55	-0.29	0.59	0.5	0.4	-0.19	0.64	0.71	0.2	0.41	0.79	0.47		-0.48	0.91	0.4	0.59	0.68	0.58	0.66	-0.42	0.59	-0.4	-0.09	-0.42	0.07
Common Stock Shares Outstanding	0.24	-0.01	-0.25	0.25	0.33	-0.12	-0.79	-0.35	0.09	0.32	-0.44	-0.1	-0.48		-0.44	-0.35	-0.25	-0.25	-0.11	-0.54	0.91	-0.17	0.92	0.44	0.96	-0.18
Short Term Investments	0.32	-0.22	0.71	0.25	0.12	-0.2	0.67	0.83	0.2	0.13	0.52	0.53	0.91	-0.44		0.17	0.71	0.69	0.54	0.6	-0.37	0.53	-0.36	-0.1	-0.37	0.05
Other Stockholder Equity	0.28	-0.25	-0.28	0.32	0.28	0.07	0.26	-0.07	-0.06	0.28	0.57	0.03	0.4	-0.35	0.17		-0.28	0.15	0.11	0.23	-0.37	0.09	-0.33	0.1	-0.35	0.07
Total Liab	0.14	0.23	1.0	0.04	0.0	-0.25	0.33	0.94	0.26	0.01	0.24	0.34	0.59	-0.25	0.71	-0.28		0.47	0.3	0.4	-0.18	0.32	-0.22	-0.11	-0.22	0.31
Total Current Assets	0.54	-0.25	0.47	0.5	0.27	-0.76	0.53	0.56	0.77	0.27	0.45	0.96	0.68	-0.25	0.69	0.15	0.47		0.72	0.55	-0.17	0.69	-0.11	0.33	-0.17	0.44
Net Tangible Assets	0.72	-0.46	0.3	0.7	0.58	-0.64	0.55	0.4	0.64	0.58	0.56	0.64	0.58	-0.11	0.54	0.11	0.3	0.72		0.71	0.03	0.99	0.06	0.27	0.01	0.14
Other Assets	0.4	-0.38	0.4	0.36	0.26	-0.27	0.81	0.53	0.28	0.27	0.64	0.43	0.66	-0.54	0.6	0.23	0.4	0.55	0.71		-0.52	0.77	-0.53	-0.28	-0.51	-0.02
Common Stock	0.27	-0.03	-0.18	0.29	0.37	-0.19	-0.75	-0.26	0.15	0.36	-0.46	-0.06	-0.42	0.91	-0.37	-0.37	-0.18	-0.17	0.03	-0.52		-0.04	0.98	0.49	0.98	-0.09
Property Plant Equipment	0.71	-0.45	0.32	0.68	0.58	-0.6	0.59	0.42	0.6	0.58	0.6	0.6	0.59	-0.17	0.53	0.09	0.32	0.69	0.99	0.77	-0.04		-0.01	0.19	-0.06	0.13
Net Invested Capital	0.3	-0.11	-0.22	0.32	0.38	-0.27	-0.73	-0.28	0.24	0.37	-0.43	0.0	-0.4	0.92	-0.36	-0.33	-0.22	-0.11	0.06	-0.53	0.98	-0.01		0.63	0.98	0.0
Net Working Capital	0.33	-0.21	-0.11	0.34	0.26	-0.68	-0.29	-0.05	0.67	0.25	-0.09	0.41	-0.09	0.44	-0.1	0.1	-0.11	0.33	0.27	-0.28	0.49	0.19	0.63		0.49	0.64
Capital Stock	0.28	-0.07	-0.22	0.3	0.37	-0.18	-0.74	-0.29	0.15	0.36	-0.44	-0.05	-0.42	0.96	-0.37	-0.35	-0.22	-0.17	0.01	-0.51	0.98	-0.06	0.98	0.49		-0.14
Other Current Assets	0.06	0.14	0.31	0.04	-0.06	-0.66	0.06	0.29	0.68	-0.06	0.07	0.45	0.07	-0.18	0.05	0.07	0.31	0.44	0.14	-0.02	-0.09	0.13	0.0	0.64	-0.14

Click cells to compare fundamentals

Orestone Mining Account Relationship Matchups

Orestone Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6M	2.5M	3.8M	3.3M	3.8M	3.0M
Other Current Liab	13.0K	44.1K	84.5K	59.5K	53.5K	48.8K
Total Current Liabilities	59.6K	245.9K	270.9K	84.7K	76.2K	72.4K
Total Stockholder Equity	2.6M	2.2M	3.5M	3.3M	3.8M	2.8M
Property Plant And Equipment Net	2.4M	2.3M	2.9M	3.2M	3.6M	2.5M
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 Payable	46.5K	201.8K	186.4K	25.2K	22.7K	21.6K
Cash	159.4K	69.7K	753.8K	151.3K	136.2K	163.2K
Non Current Assets Total	2.4M	2.4M	2.9M	3.2M	3.7M	2.6M
Cash And Short Term Investments	159.5K	69.8K	753.8K	151.3K	136.2K	264.4K
Net Receivables	38.4K	16.6K	10.1K	2.2K	1.9K	1.8K
Common Stock Shares Outstanding	23.0M	35.6M	54.3M	56.7M	65.2M	68.4M
Short Term Investments	93.0	33.0	47.0	37.0	20.0	0.0
Liabilities And Stockholders Equity	2.6M	2.5M	3.8M	3.3M	3.8M	3.0M
Other Stockholder Equity	35K	2.4M	2.9M	3.4M	3.1M	3.3M
Total Liab	59.6K	245.9K	270.9K	84.7K	76.2K	72.4K
Total Current Assets	221.4K	99.1K	829.1K	159.7K	143.7K	136.5K
Accumulated Other Comprehensive Income	1.7M	2.4M	2.9M	3.4M	3.9M	2.1M
Net Tangible Assets	1.2M	2.6M	2.2M	3.5M	3.1M	2.0M
Common Stock	6.3M	7.6M	8.1M	9.4M	10.8M	7.9M
Property Plant Equipment	1.5M	2.4M	2.3M	2.9M	2.6M	1.8M
Net Invested Capital	2.6M	2.2M	3.5M	3.3M	3.8M	2.6M
Net Working Capital	161.8K	(146.9K)	558.2K	75.0K	86.2K	68.5K

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 Correlation Correlation 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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

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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.

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Orestone Net Working Capital vs Retained Earnings Analysis

Net Working Capital vs Retained Earnings

Net Working Capital vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Working Capital

Retained Earnings

Orestone Mining fundamental ratios Correlations

Orestone Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orestone Mining fundamental ratios Accounts

Pair Trading with Orestone Mining

Complementary Tools for Orestone Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Net Tangible Assets
Net Invested Capital	+ 0.98	Common Stock
Capital Stock	+ 0.98	Common Stock

Cash	- 1.0	Net Debt
Cash And Short Term Investments	- 0.83	Net Debt
Common Stock Shares Outstanding	- 0.79	Retained Earnings
Total Current Assets	- 0.76	Net Debt
Common Stock	- 0.75	Retained Earnings
Capital Stock	- 0.74	Retained Earnings