Gold79 Net Working Capital vs Common Stock Shares Outstanding Analysis

AUU Stock

CAD 0.24 0.01 4.35%

Gold79 Mines financial indicator trend analysis is much more than just examining Gold79 Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold79 Mines is a good investment. Please check the relationship between Gold79 Mines Net Working Capital and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Gold79 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 board of governors.

Net Working Capital vs Common Stock Shares Outstanding

Net Working Capital vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold79 Mines Net Working Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.

The correlation between Gold79 Mines' Net Working Capital and Common Stock Shares Outstanding is 0.77. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Gold79 Mines, assuming nothing else is changed. The correlation between historical values of Gold79 Mines' Net Working Capital and Common Stock Shares Outstanding 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 Gold79 Mines are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Working Capital i.e., Gold79 Mines' Net Working Capital and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Working Capital

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Gold79 Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold79 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 Gold79 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 board of governors.

At this time, Gold79 Mines' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 327.6 K in 2024.

Gold79 Mines fundamental ratios Correlations

	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Common Stock	Total Assets	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Total Current Assets	Other Assets	Inventory	Other Current Assets	Short Term Investments	Other Current Liab	Net Tangible Assets	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Current Liabilities		-0.29	-0.2	0.78	-0.08	-0.41	0.5	0.01	-0.27	-0.14	0.09	-0.1	-0.26	-0.22	-0.24	-0.12	-0.19	0.06	0.01	0.03	-0.12	0.25	-0.11	-0.05	-0.09	-0.19
Total Stockholder Equity	-0.29		0.12	-0.16	0.32	-0.04	0.47	0.46	0.97	0.61	-0.53	0.37	0.99	0.77	0.39	0.54	0.29	0.16	-0.33	0.32	-0.04	0.09	0.56	0.51	0.5	0.33
Retained Earnings	-0.2	0.12		-0.1	-0.43	-0.1	0.32	-0.8	0.24	-0.39	-0.18	0.33	0.17	0.51	0.22	0.02	0.24	-0.73	0.27	-0.29	0.87	0.76	-0.4	-0.5	-0.47	-0.18
Accounts Payable	0.78	-0.16	-0.1		0.02	-0.69	0.32	0.02	-0.15	0.05	-0.2	0.14	-0.14	-0.22	0.0	0.02	0.02	-0.16	-0.11	0.15	-0.16	-0.05	0.08	0.17	0.12	-0.04
Common Stock Shares Outstanding	-0.08	0.32	-0.43	0.02		-0.28	-0.17	0.46	0.31	0.48	-0.43	0.52	0.24	-0.06	0.38	0.46	0.49	0.25	0.13	-0.16	-0.37	-0.37	0.55	0.58	0.72	0.77
Other Stockholder Equity	-0.41	-0.04	-0.1	-0.69	-0.28		-0.07	0.04	-0.06	-0.34	0.48	-0.41	-0.05	0.21	-0.31	-0.32	-0.3	0.48	0.15	-0.17	-0.18	-0.06	-0.39	-0.42	-0.41	-0.12
Total Liab	0.5	0.47	0.32	0.32	-0.17	-0.07		-0.05	0.52	-0.11	-0.03	0.06	0.52	0.73	-0.11	0.15	-0.07	0.1	0.06	-0.05	0.12	0.62	-0.17	-0.19	-0.21	-0.19
Common Stock	0.01	0.46	-0.8	0.02	0.46	0.04	-0.05		0.31	0.77	-0.18	-0.14	0.42	-0.07	0.03	0.23	-0.11	0.65	-0.6	0.58	-0.76	-0.63	0.74	0.79	0.7	0.26
Total Assets	-0.27	0.97	0.24	-0.15	0.31	-0.06	0.52	0.31		0.5	-0.53	0.44	0.97	0.83	0.41	0.57	0.35	0.13	-0.14	0.23	0.07	0.2	0.46	0.4	0.45	0.34
Property Plant And Equipment Net	-0.14	0.61	-0.39	0.05	0.48	-0.34	-0.11	0.77	0.5		-0.55	0.17	0.59	-0.02	0.32	0.32	0.11	0.11	-0.73	0.73	-0.32	-0.4	0.95	0.95	0.87	0.31
Net Debt	0.09	-0.53	-0.18	-0.2	-0.43	0.48	-0.03	-0.18	-0.53	-0.55		-0.87	-0.48	-0.18	-0.88	-0.58	-0.8	0.38	0.3	-0.29	-0.26	-0.03	-0.71	-0.64	-0.67	-0.71
Cash	-0.1	0.37	0.33	0.14	0.52	-0.41	0.06	-0.14	0.44	0.17	-0.87		0.31	0.25	0.86	0.61	0.94	-0.39	0.19	-0.19	0.38	0.18	0.37	0.3	0.43	0.81
Non Current Assets Total	-0.26	0.99	0.17	-0.14	0.24	-0.05	0.52	0.42	0.97	0.59	-0.48	0.31		0.79	0.32	0.49	0.21	0.12	-0.35	0.35	-0.01	0.15	0.52	0.47	0.44	0.23
Non Currrent Assets Other	-0.22	0.77	0.51	-0.22	-0.06	0.21	0.73	-0.07	0.83	-0.02	-0.18	0.25	0.79		0.15	0.37	0.17	0.07	0.12	-0.12	0.23	0.49	-0.07	-0.14	-0.11	0.06
Cash And Short Term Investments	-0.24	0.39	0.22	0.0	0.38	-0.31	-0.11	0.03	0.41	0.32	-0.88	0.86	0.32	0.15		0.51	0.94	-0.32	-0.08	0.09	0.38	0.02	0.51	0.41	0.49	0.68
Net Receivables	-0.12	0.54	0.02	0.02	0.46	-0.32	0.15	0.23	0.57	0.32	-0.58	0.61	0.49	0.37	0.51		0.59	0.02	0.03	-0.02	0.03	0.0	0.48	0.46	0.52	0.66
Total Current Assets	-0.19	0.29	0.24	0.02	0.49	-0.3	-0.07	-0.11	0.35	0.11	-0.8	0.94	0.21	0.17	0.94	0.59		-0.29	0.21	-0.21	0.37	0.07	0.34	0.26	0.39	0.79
Other Assets	0.06	0.16	-0.73	-0.16	0.25	0.48	0.1	0.65	0.13	0.11	0.38	-0.39	0.12	0.07	-0.32	0.02	-0.29		0.08	0.11	-0.78	-0.46	0.06	0.13	0.19	0.06
Inventory	0.01	-0.33	0.27	-0.11	0.13	0.15	0.06	-0.6	-0.14	-0.73	0.3	0.19	-0.35	0.12	-0.08	0.03	0.21	0.08		-0.8	0.2	0.28	-0.66	-0.65	-0.39	0.14
Other Current Assets	0.03	0.32	-0.29	0.15	-0.16	-0.17	-0.05	0.58	0.23	0.73	-0.29	-0.19	0.35	-0.12	0.09	-0.02	-0.21	0.11	-0.8		-0.21	-0.28	0.66	0.65	0.53	-0.15
Short Term Investments	-0.12	-0.04	0.87	-0.16	-0.37	-0.18	0.12	-0.76	0.07	-0.32	-0.26	0.38	-0.01	0.23	0.38	0.03	0.37	-0.78	0.2	-0.21		0.78	-0.25	-0.38	-0.34	-0.11
Other Current Liab	0.25	0.09	0.76	-0.05	-0.37	-0.06	0.62	-0.63	0.2	-0.4	-0.03	0.18	0.15	0.49	0.02	0.0	0.07	-0.46	0.28	-0.28	0.78		-0.39	-0.5	-0.47	-0.24
Net Tangible Assets	-0.11	0.56	-0.4	0.08	0.55	-0.39	-0.17	0.74	0.46	0.95	-0.71	0.37	0.52	-0.07	0.51	0.48	0.34	0.06	-0.66	0.66	-0.25	-0.39		0.98	0.93	0.52
Property Plant Equipment	-0.05	0.51	-0.5	0.17	0.58	-0.42	-0.19	0.79	0.4	0.95	-0.64	0.3	0.47	-0.14	0.41	0.46	0.26	0.13	-0.65	0.65	-0.38	-0.5	0.98		0.94	0.5
Net Invested Capital	-0.09	0.5	-0.47	0.12	0.72	-0.41	-0.21	0.7	0.45	0.87	-0.67	0.43	0.44	-0.11	0.49	0.52	0.39	0.19	-0.39	0.53	-0.34	-0.47	0.93	0.94		0.64
Net Working Capital	-0.19	0.33	-0.18	-0.04	0.77	-0.12	-0.19	0.26	0.34	0.31	-0.71	0.81	0.23	0.06	0.68	0.66	0.79	0.06	0.14	-0.15	-0.11	-0.24	0.52	0.5	0.64

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Gold79 Mines Account Relationship Matchups

Gold79 Mines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	389.4K	136.0K	247.0K	85.5K	195.8K	168.2K
Total Stockholder Equity	(154.6K)	2.4M	4.7M	4.9M	4.9M	5.1M
Retained Earnings	(18.3M)	(19.1M)	(20.0M)	(20.5M)	(20.9M)	(19.9M)
Accounts Payable	282.5K	111.8K	204.2K	53.5K	152.0K	131.4K
Common Stock Shares Outstanding	30.7M	57.5M	114.7M	148.6M	19.1M	27.0M
Other Stockholder Equity	5.1M	5.8M	6.8M	7.0M	8.1M	9.1M
Total Liab	389.4K	136.0K	247.0K	85.5K	195.8K	188.9K
Common Stock	13.1M	15.9M	17.9M	18.5M	21.3M	22.3M
Total Assets	234.9K	2.6M	4.9M	5.0M	5.1M	2.7M
Property Plant And Equipment Net	155.3K	1.8M	2.3M	4.5M	4.9M	5.2M
Net Debt	(47.2K)	(173.8K)	(1.0M)	(432.0K)	(496.8K)	(521.6K)
Cash	47.2K	173.8K	1.0M	432.0K	90.2K	85.7K
Non Current Assets Total	181.2K	2.3M	3.6M	4.5M	4.9M	5.2M
Non Currrent Assets Other	25.9K	530.2K	1.3M	13.0K	11.7K	11.1K
Cash And Short Term Investments	47.2K	173.8K	1.0M	432.0K	388.8K	364.2K
Net Receivables	1.0K	32.5K	30.4K	11.9K	10.7K	10.2K
Liabilities And Stockholders Equity	234.9K	2.6M	4.9M	5.0M	4.5M	4.7M
Total Current Assets	53.6K	293.3K	1.3M	516.2K	130.3K	123.8K
Accumulated Other Comprehensive Income	(104.2K)	(81.0K)	(65.3K)	(62.7K)	(56.5K)	(53.6K)
Other Current Liab	106.9K	24.2K	42.8K	32K	28.8K	27.4K
Net Tangible Assets	(151.2K)	(154.6K)	2.4M	4.7M	5.4M	5.6M
Net Invested Capital	(154.6K)	2.4M	4.7M	4.9M	4.9M	2.6M
Net Working Capital	(335.8K)	157.3K	1.1M	430.7K	(65.5K)	(62.3K)
Capital Stock	13.1M	15.9M	17.9M	18.5M	18.8M	17.8M

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 Gold79 Mines 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, Gold79 Mines' short interest history, or implied volatility extrapolated from Gold79 Mines options trading.

Pair Trading with Gold79 Mines

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 Gold79 Mines 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 Gold79 Mines will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Gold79 Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold79 Mines 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 Gold79 Mines - 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 Gold79 Mines to buy it.

The correlation of Gold79 Mines 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 Gold79 Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold79 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 Gold79 Mines 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Gold79 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 board of governors.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Gold79 Stock analysis

When running Gold79 Mines' price analysis, check to measure Gold79 Mines' 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 Gold79 Mines is operating at the current time. Most of Gold79 Mines' value examination focuses on studying past and present price action to predict the probability of Gold79 Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold79 Mines' price. Additionally, you may evaluate how the addition of Gold79 Mines to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Gold79 Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold79 Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold79 Mines' 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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Gold79 Net Working Capital vs Common Stock Shares Outstanding Analysis

Net Working Capital vs Common Stock Shares Outstanding

Net Working Capital vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Net Working Capital

Common Stock Shares Outstanding

Gold79 Mines fundamental ratios Correlations

Gold79 Mines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gold79 Mines fundamental ratios Accounts

Pair Trading with Gold79 Mines

Complementary Tools for Gold79 Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Net Tangible Assets
Total Assets	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Total Assets
Net Tangible Assets	+ 0.95	Property Plant And Equipment Net
Property Plant Equipment	+ 0.95	Property Plant And Equipment Net

Cash And Short Term Investments	- 0.88	Net Debt
Cash	- 0.87	Net Debt
Other Current Assets	- 0.8	Inventory
Total Current Assets	- 0.8	Net Debt
Common Stock	- 0.8	Retained Earnings
Short Term Investments	- 0.78	Other Assets