Agnico Intangible Assets vs Capital Surpluse Analysis
AEM Stock | USD 64.24 0.89 1.40% |
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 Intangible Assets and its Capital Surpluse 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 income.
Intangible Assets vs Capital Surpluse
Intangible Assets vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Intangible Assets account and Capital Surpluse. At this time, the significance of the direction appears to have weak relationship.
The correlation between Agnico Eagle's Intangible Assets and Capital Surpluse is 0.36. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Capital Surpluse 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 Intangible Assets and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Agnico Eagle Mines are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Intangible Assets i.e., Agnico Eagle's Intangible Assets and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Capital Surpluse
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 income. At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 2nd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Issuance Of Capital Stock is likely to drop about 19.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 2.0B | 2.0B | 2.1B | Total Revenue | 3.8B | 5.7B | 6.7B | 7.1B |
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 | 238.2M | 243.1M | 244.7M | 438.5M | 489.9M | 514.4M | |
Total Assets | 8.8B | 9.6B | 10.2B | 23.5B | 28.5B | 30.0B | |
Other Current Liab | 55.4M | 904K | 22.1M | 137.5M | 500.0M | 524.9M | |
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 | 19.3B | 20.3B | |
Property Plant And Equipment Net | 7.0B | 7.3B | 7.6B | 18.5B | 1.2B | 1.1B | |
Net Debt | 1.5B | 1.3B | 1.5B | 834.8M | 1.7B | 1.7B | |
Retained Earnings | (647.3M) | (366.4M) | (165.3M) | (201.6M) | 958.2M | 1.0B | |
Accounts Payable | 345.6M | 363.8M | 414.7M | 672.5M | 316.3M | 165.9M | |
Cash | 321.9M | 402.5M | 185.8M | 658.6M | 336.9M | 220.5M | |
Non Current Assets Total | 7.6B | 8.4B | 8.9B | 21.3B | 26.4B | 27.7B | |
Non Currrent Assets Other | 184.9M | 259.3M | 353.2M | 466.9M | 669.4M | 702.8M | |
Other Assets | 189.9M | 352.0M | 486.8M | 478.5M | 550.3M | 577.8M | |
Cash And Short Term Investments | 414.2M | 406.5M | 191.1M | 658.6M | 347.1M | 267.9M | |
Short Term Investments | 92.3M | 3.9M | 5.3M | 9.9M | 10.1M | 9.6M | |
Liabilities And Stockholders Equity | 8.8B | 9.6B | 10.2B | 23.5B | 28.5B | 30.0B | |
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 | 237.2M | 249.1M | |
Other Stockholder Equity | 217.4M | 212.9M | 228.4M | 220.7M | 22.0M | 20.9M | |
Total Liab | 3.7B | 3.9B | 4.2B | 7.3B | 9.2B | 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) | 102.3M | 107.4M | |
Short Long Term Debt Total | 1.8B | 1.7B | 1.7B | 1.5B | 2.0B | 2.1B | |
Short Term Debt | 374.7M | 20.9M | 258.0M | 136.5M | 145.6M | 152.9M | |
Common Stock Total Equity | 5.3B | 5.4B | 5.6B | 5.8B | 6.6B | 6.9B | |
Common Stock | 5.6B | 5.8B | 5.9B | 16.3B | 18.2B | 19.2B | |
Net Receivables | 10.6M | 15.5M | 21.2M | 43.6M | 184.0M | 193.2M | |
Inventory | 580.1M | 630.5M | 878.9M | 1.2B | 1.4B | 1.5B | |
Other Liab | 1.4B | 1.8B | 2.0B | 5.0B | 5.7B | 6.0B | |
Long Term Debt | 1.4B | 1.6B | 1.3B | 1.2B | 1.7B | 953.5M | |
Property Plant Equipment | 7.0B | 7.3B | 7.6B | 18.5B | 21.2B | 22.3B | |
Net Tangible Assets | 4.1B | 4.7B | 5.3B | 5.6B | 6.4B | 4.6B | |
Long Term Debt Total | 1.5B | 1.7B | 1.4B | 1.4B | 1.6B | 1.5B |
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
0.94 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.64 | CE | Celanese Earnings Call This Week | PairCorr |
0.9 | TX | Ternium SA ADR | PairCorr |
Moving against Agnico Stock
0.82 | X | United States Steel | PairCorr |
0.76 | PKX | POSCO Holdings | PairCorr |
0.57 | MSB | Mesabi Trust | PairCorr |
0.53 | PFH | Prudential Financial 4125 | PairCorr |
0.5 | PRS | Prudential Financial | 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 income. Note that the Agnico Eagle Mines information on this page should be used as a complementary analysis to other Agnico Eagle'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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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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Is Agnico Eagle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico Eagle. If investors know Agnico will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico Eagle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.82) | Dividend Share 1.6 | Earnings Share 0.79 | Revenue Per Share 14.009 | Quarterly Revenue Growth 0.212 |
The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle'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.