Eldorado Other Current Assets vs Non Current Liabilities Total Analysis
EGO Stock | USD 15.00 0.18 1.21% |
Eldorado Gold financial indicator trend analysis is much more than just examining Eldorado Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eldorado Gold Corp is a good investment. Please check the relationship between Eldorado Gold Other Current Assets and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Other Current Assets vs Non Current Liabilities Total
Other Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eldorado Gold Corp Other Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Eldorado Gold's Other Current Assets and Non Current Liabilities Total is 0.01. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Eldorado Gold Corp, assuming nothing else is changed. The correlation between historical values of Eldorado Gold's Other Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Eldorado Gold Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Assets i.e., Eldorado Gold's Other Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Non Current Liabilities Total
Most indicators from Eldorado Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eldorado Gold Corp 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 Eldorado Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Eldorado Gold's Tax Provision is very stable compared to the past year. As of the 16th of May 2024, Issuance Of Capital Stock is likely to grow to about 175.5 M, while Selling General Administrative is likely to drop about 48.9 M.
Eldorado Gold fundamental ratios Correlations
Click cells to compare fundamentals
Eldorado Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eldorado Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.6B | 4.9B | 4.9B | 4.5B | 5.0B | 3.0B | |
Short Long Term Debt Total | 504.8M | 527.1M | 511.9M | 511.4M | 649.8M | 682.3M | |
Total Current Liabilities | 221.7M | 262.0M | 206.7M | 210.9M | 272.8M | 286.5M | |
Total Stockholder Equity | 3.4B | 3.6B | 3.6B | 3.2B | 3.5B | 2.2B | |
Property Plant And Equipment Net | 4.1B | 4.0B | 4.0B | 3.6B | 3.7B | 2.4B | |
Net Debt | 327.0M | 75.1M | 30.6M | 231.6M | 112.1M | 117.7M | |
Retained Earnings | (2.2B) | (2.1B) | (2.2B) | (2.6B) | (2.5B) | (2.4B) | |
Accounts Payable | 67.1M | 65.1M | 71.0M | 74.9M | 92.8M | 55.1M | |
Cash | 177.7M | 452.0M | 481.3M | 279.7M | 537.7M | 564.6M | |
Non Current Assets Total | 4.2B | 4.1B | 4.2B | 3.8B | 4.0B | 2.5B | |
Non Currrent Assets Other | 32.3M | 41.7M | 4.2M | 60.5M | 78.4M | 82.3M | |
Cash And Short Term Investments | 184.8M | 511.2M | 481.5M | 314.9M | 541.7M | 278.8M | |
Net Receivables | 63.5M | 53.7M | 50.7M | 67.0M | 99.4M | 104.4M | |
Common Stock Shares Outstanding | 161.5M | 175.2M | 180.3M | 183.4M | 195.3M | 98.9M | |
Liabilities And Stockholders Equity | 4.6B | 4.9B | 4.9B | 4.5B | 5.0B | 3.0B | |
Non Current Liabilities Total | 953.4M | 980.5M | 1.1B | 1.0B | 1.2B | 611.6M | |
Inventory | 163.2M | 176.3M | 178.2M | 198.9M | 234.7M | 246.4M | |
Other Current Assets | 24.3M | 5.7M | 17.8M | 51.7M | 49.9M | 52.4M | |
Total Liab | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 740.6M | |
Total Current Assets | 435.9M | 766.2M | 728.2M | 632.5M | 925.6M | 971.9M | |
Accumulated Other Comprehensive Income | (29.0M) | (30.3M) | (20.9M) | (42.3M) | (4.7M) | (5.0M) | |
Other Stockholder Equity | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | 1.4B | |
Short Term Debt | 76.6M | 78.0M | 7.2M | 4.8M | 5.0M | 4.7M | |
Other Current Liab | 4.3M | 119.0M | 128.4M | 131.3M | 166.1M | 174.4M | |
Other Assets | 32.3M | 41.7M | 46.8M | 19.6M | 1.0 | 0.95 | |
Other Liab | 525.2M | 531.4M | 579.5M | 539.5M | 620.5M | 651.5M | |
Long Term Debt | 413.1M | 434.5M | 489.8M | 494.4M | 641.7M | 381.8M | |
Short Term Investments | 7.1M | 59.2M | 163K | 35.1M | 3.9M | 3.8M | |
Property Plant And Equipment Gross | 4.1B | 4.0B | 7.2B | 7.0B | 7.4B | 7.8B | |
Common Stock | 3.1B | 3.1B | 3.2B | 3.2B | 3.4B | 2.7B | |
Property Plant Equipment | 4.1B | 4.0B | 4.0B | 3.6B | 4.1B | 2.9B | |
Treasury Stock | (10.1M) | (8.7M) | (11.5M) | (10.3M) | (9.3M) | (9.7M) | |
Net Tangible Assets | 3.3B | 3.5B | 3.5B | 3.1B | 2.8B | 2.9B | |
Deferred Long Term Liab | 2.9M | 2.2M | 2.0M | 1.5M | 1.3M | 1.3M | |
Long Term Debt Total | 428.2M | 449.1M | 504.7M | 506.6M | 455.9M | 426.6M |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
0.95 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.62 | CE | Celanese | PairCorr |
0.77 | DOW | Dow Inc Earnings Call Today | PairCorr |
Moving against Eldorado Stock
0.81 | X | United States Steel | PairCorr |
0.69 | NC | NACCO Industries | PairCorr |
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp 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 Eldorado 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Eldorado Gold Corp information on this page should be used as a complementary analysis to other Eldorado 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Eldorado Gold's price analysis, check to measure Eldorado 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 Eldorado Gold is operating at the current time. Most of Eldorado Gold's value examination focuses on studying past and present price action to predict the probability of Eldorado 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 Eldorado Gold's price. Additionally, you may evaluate how the addition of Eldorado Gold to your portfolios can decrease your overall portfolio volatility.
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Is Eldorado Gold's 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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.627 | Earnings Share 0.61 | Revenue Per Share 5.216 | Quarterly Revenue Growth 0.132 | Return On Assets 0.0259 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's 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 Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's 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 Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's 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.