China Cash Flow Overview

CGG Stock  CAD 8.02  0.06  0.74%   
Most accounts from China Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into China Gold International current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out China Gold Valuation and China Gold Correlation analysis.
  
At this time, China Gold's Other Cashflows From Investing Activities is very stable compared to the past year. As of the 25th of April 2024, Change To Netincome is likely to grow to about 17.1 M, though Change In Cash is likely to grow to (308.7 M).
Most accounts from China Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into China Gold International current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out China Gold Valuation and China Gold Correlation analysis.
At this time, China Gold's Other Cashflows From Investing Activities is very stable compared to the past year. As of the 25th of April 2024, Change To Netincome is likely to grow to about 17.1 M, though Change In Cash is likely to grow to (308.7 M).

China Gold cash flow statement Correlations

0.2-0.750.18-0.43-0.040.370.7-0.11-0.380.05-0.170.480.510.56-0.33-0.330.03
0.2-0.070.69-0.1-0.730.620.240.170.420.040.290.050.25-0.520.160.24-0.51
-0.75-0.07-0.030.260.02-0.08-0.06-0.220.19-0.380.21-0.51-0.33-0.450.010.5-0.19
0.180.69-0.03-0.16-0.260.440.230.10.09-0.50.090.08-0.01-0.630.080.31-0.56
-0.43-0.10.26-0.16-0.41-0.71-0.37-0.24-0.130.260.54-0.55-0.38-0.11-0.090.650.13
-0.04-0.730.02-0.26-0.41-0.04-0.030.05-0.38-0.41-0.510.22-0.120.26-0.13-0.290.3
0.370.62-0.080.44-0.71-0.040.470.070.2-0.18-0.20.350.47-0.21-0.1-0.12-0.4
0.70.24-0.060.23-0.37-0.030.47-0.41-0.37-0.34-0.030.160.420.36-0.50.04-0.17
-0.110.17-0.220.1-0.240.050.07-0.410.470.16-0.040.47-0.13-0.220.83-0.320.35
-0.380.420.190.09-0.13-0.380.2-0.370.470.20.17-0.230.17-0.480.7-0.21-0.38
0.050.04-0.38-0.50.26-0.41-0.18-0.340.160.2-0.020.120.250.260.2-0.260.31
-0.170.290.210.090.54-0.51-0.2-0.03-0.040.17-0.02-0.53-0.25-0.060.020.68-0.26
0.480.05-0.510.08-0.550.220.350.160.47-0.230.12-0.530.110.250.14-0.50.49
0.510.25-0.33-0.01-0.38-0.120.470.42-0.130.170.25-0.250.110.31-0.01-0.42-0.08
0.56-0.52-0.45-0.63-0.110.26-0.210.36-0.22-0.480.26-0.060.250.31-0.32-0.380.5
-0.330.160.010.08-0.09-0.13-0.1-0.50.830.70.20.020.14-0.01-0.32-0.350.16
-0.330.240.50.310.65-0.29-0.120.04-0.32-0.21-0.260.68-0.5-0.42-0.38-0.35-0.27
0.03-0.51-0.19-0.560.130.3-0.4-0.170.35-0.380.31-0.260.49-0.080.50.16-0.27
Click cells to compare fundamentals

China Gold Account Relationship Matchups

China Gold cash flow statement Accounts

201920202021202220232024 (projected)
Change In Cash44.3M61.0M(35.2M)220.3M(325.0M)(308.7M)
Free Cash Flow27.7M109.1M263.2M401.7M(59.9M)(56.9M)
Depreciation173.8M187.2M175.8M208.0M121.7M70.0M
Other Non Cash Items(28.0M)(26.7M)(54.8M)(38.4M)9.9M10.4M
Capital Expenditures130.6M151.4M154.1M45.6M61.5M122.6M
Net Income(24.8M)125.4M311.6M275.3M(25.5M)(24.2M)
End Period Cash Flow182.3M243.3M208.1M428.5M97.2M155.2M
Change To Inventory679K(14.9M)(631K)2.8M820K861K
Investments(128.0M)(184K)(88K)(33.3M)(121.3M)(127.4M)
Net Borrowings15.1M(71.3M)(258.7M)(85.5M)(77.0M)(73.1M)
Change To Netincome(20.0M)(13.2M)(10.5M)14.1M16.2M17.1M

Pair Trading with China Gold

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 China Gold 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 China Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

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The ability to find closely correlated positions to China Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Gold 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 China Gold - 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 China Gold International to buy it.
The correlation of China Gold 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China Gold 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 China Gold Valuation and China Gold Correlation analysis.
Note that the China Gold International information on this page should be used as a complementary analysis to other China Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running China Gold's price analysis, check to measure China Gold'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 China Gold is operating at the current time. Most of China Gold's value examination focuses on studying past and present price action to predict the probability of China Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Gold's price. Additionally, you may evaluate how the addition of China Gold to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between China Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Gold'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.