China Net Receivables vs Cash Analysis
CGG Stock | CAD 8.60 0.30 3.61% |
China Gold financial indicator trend analysis is way more than just evaluating China Gold International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Gold International is a good investment. Please check the relationship between China Gold Net Receivables and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. 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 Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Gold International Net Receivables account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Gold's Net Receivables and Cash is -0.23. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of China Gold International, assuming nothing else is changed. The correlation between historical values of China Gold's Net Receivables and Cash 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 Receivables of China Gold International are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., China Gold's Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Cash
Cash refers to the most liquid asset of China Gold International, which is listed under current asset account on China Gold International balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Gold customers. The amounts must be unrestricted with restricted cash listed in a different China Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from China Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 China Gold International. 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, China Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 9th of May 2024, Enterprise Value is likely to grow to about 2.5 B, while Selling General Administrative is likely to drop about 20.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30.6M | 25.4M | 21.2M | 15.5M | Depreciation And Amortization | 176.5M | 211.8M | 243.6M | 255.7M |
China Gold fundamental ratios Correlations
Click cells to compare fundamentals
China Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.3B | 3.3B | 3.2B | 2.8B | 1.9B | |
Total Current Liabilities | 928.7M | 442.8M | 343.7M | 638.6M | 305.4M | 299.4M | |
Total Stockholder Equity | 1.4B | 1.6B | 1.8B | 1.9B | 1.7B | 1.0B | |
Property Plant And Equipment Net | 2.6B | 2.7B | 2.7B | 2.4B | 2.3B | 1.4B | |
Net Debt | 1.1B | 982.2M | 765.1M | 406.6M | 669.2M | 435.3M | |
Retained Earnings | 199.5M | 295.5M | 482.2M | 571.2M | 380.4M | 399.4M | |
Accounts Payable | 38.6M | 45.6M | 43.3M | 38.8M | 18.9M | 30.0M | |
Cash | 182.3M | 243.3M | 208.1M | 428.5M | 97.2M | 155.2M | |
Non Current Assets Total | 2.7B | 2.7B | 2.7B | 2.5B | 2.4B | 1.5B | |
Cash And Short Term Investments | 182.3M | 243.3M | 208.1M | 428.5M | 492.7M | 517.4M | |
Net Receivables | 26.0M | 35.8M | 25.9M | 8.7M | 1.4M | 1.3M | |
Liabilities And Stockholders Equity | 3.2B | 3.3B | 3.3B | 3.2B | 3.7B | 3.9B | |
Other Current Assets | 30.0M | 8.4M | 7.7M | 2.4M | 2.7M | 2.6M | |
Other Stockholder Equity | (5.9M) | (12.7M) | 18.5M | 36.2M | 32.5M | 30.9M | |
Total Liab | 1.7B | 1.7B | 1.4B | 1.3B | 1.1B | 842.2M | |
Property Plant And Equipment Gross | 2.6B | 2.7B | 3.8B | 3.7B | 3.7B | 3.9B | |
Total Current Assets | 519.4M | 585.1M | 541.4M | 732.6M | 476.2M | 320.0M | |
Accumulated Other Comprehensive Income | 6.8M | 53.9M | 104.7M | 83.7M | 96.2M | 101.1M | |
Non Currrent Assets Other | 37.0M | 21.8M | 20.8M | 18.7M | 15.8M | 23.3M | |
Short Term Debt | 611.7M | 140.4M | 98.1M | 400.1M | 460.1M | 483.1M | |
Short Long Term Debt Total | 1.2B | 1.2B | 973.3M | 835.1M | 960.3M | 749.3M | |
Non Current Liabilities Total | 817.7M | 1.3B | 1.1B | 652.8M | 801.6M | 693.7M | |
Inventory | 281.1M | 297.7M | 299.6M | 293.1M | 291.6M | 177.4M | |
Other Current Liab | 543.3M | 507.7M | 192.0M | 193.5M | 222.5M | 192.9M | |
Current Deferred Revenue | 6.8M | 2.9M | 10.3M | 6.3M | 7.2M | 5.0M | |
Other Liab | 185.1M | 199.3M | 204.8M | 217.8M | 250.5M | 203.0M | |
Net Tangible Assets | 1.4B | 1.6B | 1.8B | 1.9B | 2.2B | 1.7B | |
Other Assets | 37.0M | 26.2M | 25.6M | 18.7M | 16.8M | 24.0M | |
Long Term Debt | 632.1M | 1.1B | 873.0M | 433.5M | 622.9M | 822.2M | |
Long Term Investments | 17.1M | 20.8M | 29.0M | 37.3M | 47.2M | 26.9M | |
Short Long Term Debt | 611.6M | 140.3M | 97.6M | 399.6M | 143.5M | 256.3M | |
Property Plant Equipment | 2.6B | 2.7B | 2.7B | 2.4B | 2.8B | 2.7B | |
Long Term Debt Total | 632.6M | 1.1B | 875.1M | 435.0M | 391.5M | 664.0M | |
Cash And Equivalents | 182.3M | 243.3M | 208.1M | 428.5M | 492.7M | 517.4M | |
Net Invested Capital | 2.7B | 2.8B | 2.8B | 2.7B | 2.5B | 2.2B | |
Net Working Capital | (409.4M) | 142.3M | 197.8M | 94.0M | 170.8M | 179.3M |
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 together with China Stock
0.8 | IE | Ivanhoe Energy | PairCorr |
Moving against China Stock
0.82 | AAPL | Apple Inc CDR | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. 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. 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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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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