Golden Net Income vs Research Development Analysis
| AUMN Stock | USD 0.52 0.04 7.14% |
Golden Minerals financial indicator trend analysis is much more than just examining Golden Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Minerals is a good investment. Please check the relationship between Golden Minerals Net Income and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Golden Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.
Net Income vs Research Development
Net Income vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Minerals Net Income account and Research Development. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Golden Minerals' Net Income and Research Development is -0.15. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Golden Minerals, assuming nothing else is changed. The correlation between historical values of Golden Minerals' Net Income and Research Development 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 Income of Golden Minerals are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Net Income i.e., Golden Minerals' Net Income and Research Development go up and down completely randomly.
Correlation Coefficient | -0.15 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Golden Minerals financial statement analysis. It represents the amount of money remaining after all of Golden Minerals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Research Development
Most indicators from Golden Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Minerals 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 Golden Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.At this time, Golden Minerals' Selling General Administrative is very stable compared to the past year. As of the 30th of April 2024, Issuance Of Capital Stock is likely to grow to about 4.9 M, while Tax Provision is likely to drop about 131.5 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 13.1M | 15.5M | 6.9M | 6.5M | Cost Of Revenue | 13.9M | 17.9M | 16.6M | 17.8M |
Golden Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Golden Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Minerals fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 13.4M | 18.3M | 23.7M | 14.9M | 1.2B | 1.3B | |
| Other Current Liab | 1.8M | 1.2M | 2.7M | 1.9M | 2.0M | 2.0M | |
| Total Current Liabilities | 4.4M | 2.5M | 5.6M | 4.3M | 5.7M | 5.4M | |
| Total Stockholder Equity | 5.6M | 12.0M | 14.2M | 6.5M | 5.1M | 4.9M | |
| Net Debt | (4.5M) | (9.4M) | (11.9M) | (3.6M) | (3.7M) | (3.5M) | |
| Retained Earnings | (516.8M) | (525.9M) | (528.0M) | (538.0M) | (547.2M) | (519.8M) | |
| Accounts Payable | 710K | 472K | 1.1M | 2.2M | 3.6M | 6.9M | |
| Cash | 4.6M | 9.7M | 12.2M | 3.8M | 3.8M | 3.6M | |
| Non Current Assets Total | 7.2M | 7.0M | 7.4M | 7.0M | 1.2B | 1.2B | |
| Non Currrent Assets Other | 1.1M | 479K | (778K) | 45K | 1.2M | 1.1M | |
| Cash And Short Term Investments | 4.6M | 9.8M | 12.3M | 3.8M | 3.8M | 3.6M | |
| Net Receivables | 448K | 117K | 1.3M | 1.5M | 3.2M | 3.3M | |
| Common Stock Total Equity | 919K | 955K | 1.1M | 1.6M | 1.8M | 1.9M | |
| Liabilities And Stockholders Equity | 13.4M | 18.3M | 23.7M | 14.9M | 1.2B | 1.3B | |
| Non Current Liabilities Total | 3.3M | 3.8M | 3.9M | 4.1M | 1.2B | 1.2B | |
| Other Current Assets | 923K | 1.1M | 1.1M | 1.1M | 945K | 897.8K | |
| Other Stockholder Equity | 521.3M | 536.3M | 540.5M | 542.7M | 552.2M | 421.0M | |
| Total Liab | 7.8M | 6.3M | 9.5M | 8.5M | 1.2B | 1.3B | |
| Total Current Assets | 6.2M | 11.3M | 16.3M | 8.0M | 8.7M | 8.3M | |
| Common Stock | 1.1M | 1.6M | 1.6M | 1.7M | 141K | 134.0K | |
| Property Plant And Equipment Net | 6.0M | 6.5M | 7.3M | 6.7M | 5.9M | 5.6M | |
| Common Stock Shares Outstanding | 4.0M | 5.3M | 6.5M | 6.6M | 8.5M | 9.0M | |
| Property Plant And Equipment Gross | 6.0M | 6.5M | 36.3M | 35.8M | 33.2M | 31.5M | |
| Short Term Debt | 1.4M | 277K | 327K | 234K | 105K | 99.8K | |
| Other Assets | 1.4M | (7K) | 1.1M | 1.2M | 1.0M | 989.2K | |
| Property Plant Equipment | 6.0M | 5.5M | 6.2M | 5.6M | 5.0M | 4.8M | |
| Other Liab | 3M | 2.8M | 3.8M | 3.6M | 3.2M | 3.1M | |
| Inventory | 231K | 284K | 1.6M | 1.4M | 830K | 788.5K | |
| Current Deferred Revenue | 472K | 535K | 1.5M | 32K | 28.8K | 27.4K | |
| Net Tangible Assets | 7.6M | 5.6M | 12.0M | 14.2M | 12.8M | 12.1M | |
| Retained Earnings Total Equity | (509.1M) | (511.1M) | (516.8M) | (525.9M) | (473.3M) | (496.9M) | |
| Capital Surpluse | 516.3M | 517.8M | 521.3M | 536.3M | 616.7M | 550.4M | |
| Deferred Long Term Liab | 307K | 511K | 479K | 70K | 63K | 59.9K | |
| Non Current Liabilities Other | 3.3M | 3.8M | 353K | 122K | 109.8K | 104.3K | |
| Net Invested Capital | 5.6M | 12.0M | 14.2M | 6.5M | 5.1M | 6.8M | |
| Net Working Capital | 1.8M | 8.8M | 10.7M | 3.6M | 3.0M | 5.4M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Golden Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Golden Minerals' short interest history, or implied volatility extrapolated from Golden Minerals options trading.
Pair Trading with Golden Minerals
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 Golden Minerals 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 Golden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Golden Stock
| 0.45 | HL-PB | Hecla Mining | PairCorr |
The ability to find closely correlated positions to Golden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Minerals 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 Golden Minerals - 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 Golden Minerals to buy it.
The correlation of Golden Minerals 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 Golden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Minerals 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 Golden Minerals 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 Golden Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Golden Stock analysis
When running Golden Minerals' price analysis, check to measure Golden Minerals' 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 Golden Minerals is operating at the current time. Most of Golden Minerals' value examination focuses on studying past and present price action to predict the probability of Golden Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Minerals' price. Additionally, you may evaluate how the addition of Golden Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Golden Minerals' 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 Golden Minerals. If investors know Golden 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 Golden Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.08) | Revenue Per Share 1.405 | Quarterly Revenue Growth (0.94) | Return On Assets (0.33) | Return On Equity (1.59) |
The market value of Golden Minerals is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Minerals' value that differs from its market value or its book value, called intrinsic value, which is Golden Minerals' 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 Golden Minerals' market value can be influenced by many factors that don't directly affect Golden Minerals' 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 Golden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Minerals' 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.