Eldorado Total Current Assets vs Cash 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 Total Current Assets and its Cash 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.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eldorado Gold Corp Total Current Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eldorado Gold's Total Current Assets and Cash is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash 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 Total Current Assets 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 Total Current Assets of Eldorado Gold Corp 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 Total Current Assets i.e., Eldorado Gold's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of Eldorado Gold Corp, which is listed under current asset account on Eldorado Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Eldorado Gold customers. The amounts must be unrestricted with restricted cash listed in a different Eldorado 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 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 |
Eldorado Gold Investors Sentiment
The influence of Eldorado Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eldorado. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Eldorado Gold's public news can be used to forecast risks associated with an investment in Eldorado. The trend in average sentiment can be used to explain how an investor holding Eldorado can time the market purely based on public headlines and social activities around Eldorado Gold Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eldorado Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eldorado Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eldorado Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eldorado Gold.
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 Eldorado Gold 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, Eldorado Gold's short interest history, or implied volatility extrapolated from Eldorado Gold options trading.
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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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.