Gold79 Pb Ratio vs Net Income Per Share Analysis

AUU Stock

CAD 0.21 0.03 12.50%

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 Pb Ratio and its Net Income Per Share 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.

Pb Ratio vs Net Income Per Share

Pb Ratio vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold79 Mines Pb Ratio account and Net Income Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Gold79 Mines' Pb Ratio and Net Income Per Share is -0.03. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Net Income Per Share 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' Pb Ratio and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Gold79 Mines are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Pb Ratio i.e., Gold79 Mines' Pb Ratio and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Pb Ratio

Net Income Per Share

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' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 29.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 429.1 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		-0.35	-0.16	0.79	-0.18	-0.37	0.52	-0.1	-0.32	-0.28	0.14	-0.12	-0.32	-0.19	-0.25	-0.11	-0.2	0.0	0.12	-0.2	-0.08	0.29	-0.23	-0.17	-0.21	-0.24
Total Stockholder Equity	-0.35		0.16	-0.3	0.55	-0.05	0.39	0.49	0.99	0.65	-0.54	0.47	0.99	0.74	0.39	0.52	0.4	0.16	-0.4	0.39	-0.06	0.06	0.6	0.55	0.56	0.51
Retained Earnings	-0.16	0.16		-0.02	-0.43	-0.13	0.34	-0.73	0.27	-0.28	-0.23	0.27	0.23	0.51	0.24	0.02	0.17	-0.75	0.13	-0.15	0.87	0.74	-0.3	-0.41	-0.38	-0.28
Accounts Payable	0.79	-0.3	-0.02		-0.16	-0.61	0.36	-0.22	-0.25	-0.24	-0.08	0.14	-0.28	-0.17	-0.04	0.03	0.03	-0.18	0.24	-0.23	-0.08	0.06	-0.18	-0.09	-0.14	-0.12
Common Stock Shares Outstanding	-0.18	0.55	-0.43	-0.16		-0.33	-0.25	0.84	0.44	0.98	-0.55	0.41	0.49	-0.15	0.32	0.28	0.37	0.19	-0.73	0.73	-0.43	-0.5	0.96	0.97	0.98	0.77
Other Stockholder Equity	-0.37	-0.05	-0.13	-0.61	-0.33		-0.04	0.04	-0.07	-0.34	0.48	-0.47	-0.05	0.21	-0.31	-0.32	-0.36	0.48	0.15	-0.17	-0.18	-0.06	-0.39	-0.42	-0.39	-0.21
Total Liab	0.52	0.39	0.34	0.36	-0.25	-0.04		-0.12	0.46	-0.2	0.01	0.02	0.45	0.73	-0.12	0.15	-0.1	0.06	0.13	-0.21	0.14	0.64	-0.25	-0.27	-0.28	-0.25
Common Stock	-0.1	0.49	-0.73	-0.22	0.84	0.04	-0.12		0.36	0.78	-0.18	0.05	0.43	-0.07	0.03	0.23	0.08	0.65	-0.6	0.58	-0.76	-0.63	0.74	0.79	0.78	0.6
Total Assets	-0.32	0.99	0.27	-0.25	0.44	-0.07	0.46	0.36		0.55	-0.55	0.51	0.99	0.81	0.41	0.56	0.43	0.08	-0.26	0.26	0.05	0.17	0.51	0.45	0.46	0.46
Property Plant And Equipment Net	-0.28	0.65	-0.28	-0.24	0.98	-0.34	-0.2	0.78	0.55		-0.55	0.4	0.6	-0.02	0.31	0.31	0.34	0.1	-0.75	0.74	-0.32	-0.4	0.95	0.95	0.96	0.72
Net Debt	0.14	-0.54	-0.23	-0.08	-0.55	0.48	0.01	-0.18	-0.55	-0.55		-0.98	-0.49	-0.18	-0.88	-0.58	-0.91	0.38	0.3	-0.29	-0.26	-0.03	-0.71	-0.64	-0.65	-0.82
Cash	-0.12	0.47	0.27	0.14	0.41	-0.47	0.02	0.05	0.51	0.4	-0.98		0.42	0.22	0.9	0.61	0.93	-0.37	-0.08	0.12	0.32	0.09	0.59	0.52	0.53	0.77
Non Current Assets Total	-0.32	0.99	0.23	-0.28	0.49	-0.05	0.45	0.43	0.99	0.6	-0.49	0.42		0.78	0.32	0.49	0.33	0.12	-0.37	0.37	-0.01	0.14	0.53	0.48	0.49	0.43
Non Currrent Assets Other	-0.19	0.74	0.51	-0.17	-0.15	0.21	0.73	-0.07	0.81	-0.02	-0.18	0.22	0.78		0.15	0.37	0.14	0.07	0.12	-0.12	0.23	0.49	-0.07	-0.14	-0.13	-0.02
Cash And Short Term Investments	-0.25	0.39	0.24	-0.04	0.32	-0.31	-0.12	0.03	0.41	0.31	-0.88	0.9	0.32	0.15		0.51	0.99	-0.32	-0.08	0.09	0.38	0.02	0.51	0.41	0.43	0.68
Net Receivables	-0.11	0.52	0.02	0.03	0.28	-0.32	0.15	0.23	0.56	0.31	-0.58	0.61	0.49	0.37	0.51		0.6	0.02	0.03	-0.02	0.03	0.0	0.48	0.46	0.43	0.59
Total Current Assets	-0.2	0.4	0.17	0.03	0.37	-0.36	-0.1	0.08	0.43	0.34	-0.91	0.93	0.33	0.14	0.99	0.6		-0.28	-0.07	0.09	0.31	-0.02	0.56	0.48	0.49	0.74
Other Assets	0.0	0.16	-0.75	-0.18	0.19	0.48	0.06	0.65	0.08	0.1	0.38	-0.37	0.12	0.07	-0.32	0.02	-0.28		0.08	0.11	-0.78	-0.46	0.06	0.13	0.11	0.07
Inventory	0.12	-0.4	0.13	0.24	-0.73	0.15	0.13	-0.6	-0.26	-0.75	0.3	-0.08	-0.37	0.12	-0.08	0.03	-0.07	0.08		-0.8	0.2	0.28	-0.66	-0.65	-0.67	-0.41
Other Current Assets	-0.2	0.39	-0.15	-0.23	0.73	-0.17	-0.21	0.58	0.26	0.74	-0.29	0.12	0.37	-0.12	0.09	-0.02	0.09	0.11	-0.8		-0.21	-0.28	0.66	0.65	0.67	0.4
Short Term Investments	-0.08	-0.06	0.87	-0.08	-0.43	-0.18	0.14	-0.76	0.05	-0.32	-0.26	0.32	-0.01	0.23	0.38	0.03	0.31	-0.78	0.2	-0.21		0.78	-0.25	-0.38	-0.35	-0.22
Other Current Liab	0.29	0.06	0.74	0.06	-0.5	-0.06	0.64	-0.63	0.17	-0.4	-0.03	0.09	0.14	0.49	0.02	0.0	-0.02	-0.46	0.28	-0.28	0.78		-0.39	-0.5	-0.48	-0.39
Net Tangible Assets	-0.23	0.6	-0.3	-0.18	0.96	-0.39	-0.25	0.74	0.51	0.95	-0.71	0.59	0.53	-0.07	0.51	0.48	0.56	0.06	-0.66	0.66	-0.25	-0.39		0.98	0.99	0.87
Property Plant Equipment	-0.17	0.55	-0.41	-0.09	0.97	-0.42	-0.27	0.79	0.45	0.95	-0.64	0.52	0.48	-0.14	0.41	0.46	0.48	0.13	-0.65	0.65	-0.38	-0.5	0.98		1.0	0.84
Net Invested Capital	-0.21	0.56	-0.38	-0.14	0.98	-0.39	-0.28	0.78	0.46	0.96	-0.65	0.53	0.49	-0.13	0.43	0.43	0.49	0.11	-0.67	0.67	-0.35	-0.48	0.99	1.0		0.85
Net Working Capital	-0.24	0.51	-0.28	-0.12	0.77	-0.21	-0.25	0.6	0.46	0.72	-0.82	0.77	0.43	-0.02	0.68	0.59	0.74	0.07	-0.41	0.4	-0.22	-0.39	0.87	0.84	0.85

Click cells to compare fundamentals

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	98.3K	166.2K
Total Stockholder Equity	(154.6K)	2.4M	4.7M	4.9M	5.7M	5.9M
Retained Earnings	(18.3M)	(19.1M)	(20.0M)	(20.5M)	(18.5M)	(17.5M)
Accounts Payable	282.5K	111.8K	204.2K	53.5K	61.5K	58.4K
Common Stock Shares Outstanding	30.7M	57.5M	114.7M	148.6M	170.9M	179.5M
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	98.3K	187.8K
Common Stock	13.1M	15.9M	17.9M	18.5M	21.3M	22.3M
Total Assets	234.9K	2.6M	4.9M	5.0M	4.5M	4.7M
Property Plant And Equipment Net	155.3K	1.8M	2.3M	4.5M	5.1M	5.4M
Net Debt	(47.2K)	(173.8K)	(1.0M)	(432.0K)	(496.8K)	(521.6K)
Cash	47.2K	173.8K	1.0M	432.0K	388.8K	288.4K
Non Current Assets Total	181.2K	2.3M	3.6M	4.5M	5.2M	5.4M
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	464.6K	421.9K
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	5.7M	5.9M
Net Working Capital	(335.8K)	157.3K	1.1M	430.7K	495.3K	520.1K
Capital Stock	13.1M	15.9M	17.9M	18.5M	21.3M	17.2M

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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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 Pb Ratio vs Net Income Per Share Analysis

Pb Ratio vs Net Income Per Share

Pb Ratio vs Net Income Per Share Correlation Analysis

Correlation Coefficient

Pb Ratio

Net Income Per Share

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

Net Invested Capital	+ 1.0	Property Plant Equipment
Total Assets	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Cash And Short Term Investments
Net Invested Capital	+ 0.99	Net Tangible Assets

Cash	- 0.98	Net Debt
Total Current Assets	- 0.91	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Net Working Capital	- 0.82	Net Debt
Other Current Assets	- 0.8	Inventory
Short Term Investments	- 0.78	Other Assets