Desert Average Payables vs Capex To Depreciation Analysis
DME Stock | CAD 0.39 0.04 9.30% |
Desert Mountain financial indicator trend analysis is much more than just examining Desert Mountain Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Desert Mountain Energy is a good investment. Please check the relationship between Desert Mountain Average Payables and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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.
Average Payables vs Capex To Depreciation
Average Payables vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Desert Mountain Energy Average Payables account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Desert Mountain's Average Payables and Capex To Depreciation is -0.24. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Desert Mountain Energy, assuming nothing else is changed. The correlation between historical values of Desert Mountain's Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Desert Mountain Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., Desert Mountain's Average Payables and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Desert Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Desert Mountain Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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, Desert Mountain's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 25.5 M in 2024, whereas Discontinued Operations is likely to drop 3,654 in 2024.
Desert Mountain fundamental ratios Correlations
Click cells to compare fundamentals
Desert Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Desert Mountain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.5M | 34.5M | 40.0M | 59.4M | 68.4M | 71.8M | |
Other Current Liab | 15.8K | 14.6K | 23.4K | 37.8K | 34.0K | 32.3K | |
Total Current Liabilities | 75.7K | 516.9K | 2.3M | 956.3K | 1.1M | 1.2M | |
Total Stockholder Equity | 13.5M | 33.9M | 37.3M | 50.8M | 58.4M | 61.3M | |
Property Plant And Equipment Net | 2.7M | 7.3M | 25.5M | 25.5M | 29.3M | 30.7M | |
Non Current Assets Total | 2.8M | 7.4M | 26.7M | 45.9M | 52.8M | 55.4M | |
Non Currrent Assets Other | 2.7M | 6.8M | 1.1M | 19.6M | 22.6M | 23.7M | |
Common Stock Shares Outstanding | 42.0M | 63.8M | 73.7M | 84.3M | 96.9M | 101.8M | |
Liabilities And Stockholders Equity | 13.5M | 34.5M | 40.0M | 59.4M | 68.4M | 71.8M | |
Other Stockholder Equity | 1.7M | 11.3M | 8.5M | (6K) | (6.9K) | (6.6K) | |
Total Liab | 75.7K | 666.9K | 2.7M | 8.7M | 10.0M | 10.5M | |
Net Receivables | 11.1K | 18.9K | 412.5K | 843.4K | 969.9K | 1.0M | |
Total Current Assets | 10.7M | 27.1M | 13.4M | 13.6M | 15.6M | 16.4M | |
Net Debt | (10.1M) | (26.6M) | (12.2M) | (2.1M) | (1.9M) | (2.0M) | |
Retained Earnings | (21.0M) | (28.9M) | (36.5M) | (48.1M) | (43.3M) | (41.1M) | |
Accounts Payable | 60.0K | 502.3K | 2.3M | 918.5K | 1.1M | 1.1M | |
Cash | 10.1M | 26.6M | 12.2M | 2.1M | 2.4M | 3.9M | |
Cash And Short Term Investments | 10.6M | 26.8M | 12.5M | 12.1M | 13.9M | 14.6M | |
Other Current Assets | 115.7K | 301.4K | 428.9K | 635.4K | 730.7K | 767.2K | |
Short Term Investments | 519.8K | 204.8K | 291.4K | 10M | 11.5M | 12.1M | |
Accumulated Other Comprehensive Income | 11.3M | 8.5M | 12.2M | 18.1M | 20.8M | 21.8M | |
Net Tangible Assets | 2.1M | 13.5M | 33.8M | 37.3M | 42.9M | 45.1M | |
Other Assets | 66.8K | 63.5K | 1.2M | 1.0 | 1.15 | 1.09 | |
Common Stock | 23.2M | 54.3M | 61.6M | 80.8M | 92.9M | 97.5M | |
Property Plant Equipment | 1.2M | 2.7M | 7.3M | 25.5M | 29.3M | 30.8M | |
Net Invested Capital | 13.5M | 33.9M | 37.3M | 50.8M | 58.4M | 61.3M | |
Long Term Investments | 66.8K | 63.5K | 68.7K | 101.8K | 91.7K | 56.9K | |
Net Working Capital | 10.7M | 26.6M | 11.0M | 12.6M | 14.5M | 9.9M | |
Capital Stock | 23.2M | 54.3M | 61.6M | 80.8M | 92.9M | 47.5M |
Pair Trading with Desert Mountain
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 Desert Mountain 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 Desert Mountain will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Desert Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desert Mountain 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 Desert Mountain - 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 Desert Mountain Energy to buy it.
The correlation of Desert Mountain 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 Desert Mountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desert Mountain Energy 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 Desert Mountain 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Desert Mountain's price analysis, check to measure Desert Mountain'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 Desert Mountain is operating at the current time. Most of Desert Mountain's value examination focuses on studying past and present price action to predict the probability of Desert Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desert Mountain's price. Additionally, you may evaluate how the addition of Desert Mountain to your portfolios can decrease your overall portfolio volatility.
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