Tristar Net Debt vs Capital Stock Analysis

TSG Stock

CAD 0.14 0.01 6.67%

Tristar Gold financial indicator trend analysis is much more than just breaking down Tristar Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tristar Gold is a good investment. Please check the relationship between Tristar Gold Net Debt and its Capital Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tristar Gold. 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 Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tristar Gold Net Debt account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Tristar Gold's Net Debt and Capital Stock is -0.56. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Tristar Gold, assuming nothing else is changed. The correlation between historical values of Tristar Gold's Net Debt and Capital Stock 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 Debt of Tristar Gold are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Tristar Gold's Net Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Tristar Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tristar Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tristar Gold. 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, Tristar Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	1.6K	2K	1.8K	2.0K
Interest Income	12.1K	74.6K	123.4K	129.5K

Reconciled Depreciation Interest Income

Tristar Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Common Stock	Other Liab	Net Tangible Assets	Accounts Payable	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Gross
Total Assets		0.05	0.97	0.95	-0.63	-0.88	0.61	0.95	0.66	0.7	0.97	-0.55	-0.12	0.62	-0.55	0.94	0.62	0.95	0.7	0.93	0.82	0.75	0.76	0.71
Total Current Liabilities	0.05		-0.11	-0.13	-0.44	-0.14	0.46	-0.13	0.42	0.02	-0.08	-0.04	0.6	0.46	0.15	-0.14	0.37	-0.13	0.45	-0.21	-0.17	0.25	-0.13	-0.22
Total Stockholder Equity	0.97	-0.11		0.98	-0.45	-0.81	0.43	0.98	0.49	0.64	0.97	-0.5	-0.37	0.44	-0.67	0.96	0.57	0.97	0.69	0.96	0.82	0.7	0.75	0.72
Property Plant And Equipment Net	0.95	-0.13	0.98		-0.35	-0.79	0.32	1.0	0.39	0.6	0.95	-0.45	-0.36	0.33	-0.73	0.93	0.45	0.93	0.62	0.95	0.77	0.57	0.69	0.69
Net Debt	-0.63	-0.44	-0.45	-0.35		0.66	-1.0	-0.35	-0.99	-0.6	-0.53	0.53	-0.52	-1.0	-0.17	-0.52	-0.69	-0.54	-0.53	-0.41	-0.58	-0.82	-0.56	-0.43
Retained Earnings	-0.88	-0.14	-0.81	-0.79	0.66		-0.63	-0.79	-0.66	-0.64	-0.85	0.6	0.04	-0.63	0.44	-0.84	-0.51	-0.84	-0.69	-0.82	-0.78	-0.69	-0.77	-0.72
Cash	0.61	0.46	0.43	0.32	-1.0	-0.63		0.32	0.99	0.59	0.51	-0.51	0.54	1.0	0.19	0.48	0.69	0.52	0.52	0.37	0.54	0.81	0.52	0.38
Non Current Assets Total	0.95	-0.13	0.98	1.0	-0.35	-0.79	0.32		0.39	0.6	0.95	-0.45	-0.36	0.33	-0.73	0.93	0.45	0.93	0.62	0.95	0.77	0.57	0.69	0.69
Cash And Short Term Investments	0.66	0.42	0.49	0.39	-0.99	-0.66	0.99	0.39		0.62	0.58	-0.54	0.5	0.99	0.16	0.57	0.7	0.58	0.53	0.45	0.61	0.81	0.59	0.47
Net Receivables	0.7	0.02	0.64	0.6	-0.6	-0.64	0.59	0.6	0.62		0.76	-0.5	0.08	0.6	-0.15	0.68	0.32	0.7	0.4	0.67	0.71	0.57	0.66	0.67
Common Stock Shares Outstanding	0.97	-0.08	0.97	0.95	-0.53	-0.85	0.51	0.95	0.58	0.76		-0.59	-0.24	0.52	-0.54	0.98	0.52	0.98	0.66	0.97	0.87	0.7	0.79	0.78
Other Stockholder Equity	-0.55	-0.04	-0.5	-0.45	0.53	0.6	-0.51	-0.45	-0.54	-0.5	-0.59		-0.03	-0.52	0.02	-0.59	-0.41	-0.59	-0.34	-0.53	-0.68	-0.65	-0.63	-0.58
Total Liab	-0.12	0.6	-0.37	-0.36	-0.52	0.04	0.54	-0.36	0.5	0.08	-0.24	-0.03		0.53	0.62	-0.32	0.01	-0.3	-0.15	-0.38	-0.23	-0.01	-0.23	-0.27
Total Current Assets	0.62	0.46	0.44	0.33	-1.0	-0.63	1.0	0.33	0.99	0.6	0.52	-0.52	0.53		0.18	0.49	0.69	0.53	0.53	0.39	0.54	0.82	0.52	0.39
Non Current Liabilities Total	-0.55	0.15	-0.67	-0.73	-0.17	0.44	0.19	-0.73	0.16	-0.15	-0.54	0.02	0.62	0.18		-0.5	-0.2	-0.49	-0.37	-0.57	-0.35	-0.17	-0.33	-0.35
Common Stock	0.94	-0.14	0.96	0.93	-0.52	-0.84	0.48	0.93	0.57	0.68	0.98	-0.59	-0.32	0.49	-0.5		0.56	0.99	0.67	0.98	0.9	0.71	0.84	0.82
Other Liab	0.62	0.37	0.57	0.45	-0.69	-0.51	0.69	0.45	0.7	0.32	0.52	-0.41	0.01	0.69	-0.2	0.56		0.57	0.68	0.44	0.54	0.88	0.52	0.37
Net Tangible Assets	0.95	-0.13	0.97	0.93	-0.54	-0.84	0.52	0.93	0.58	0.7	0.98	-0.59	-0.3	0.53	-0.49	0.99	0.57		0.69	0.98	0.88	0.75	0.81	0.77
Accounts Payable	0.7	0.45	0.69	0.62	-0.53	-0.69	0.52	0.62	0.53	0.4	0.66	-0.34	-0.15	0.53	-0.37	0.67	0.68	0.69		0.63	0.45	0.71	0.43	0.33
Property Plant Equipment	0.93	-0.21	0.96	0.95	-0.41	-0.82	0.37	0.95	0.45	0.67	0.97	-0.53	-0.38	0.39	-0.57	0.98	0.44	0.98	0.63		0.84	0.62	0.77	0.77
Net Invested Capital	0.82	-0.17	0.82	0.77	-0.58	-0.78	0.54	0.77	0.61	0.71	0.87	-0.68	-0.23	0.54	-0.35	0.9	0.54	0.88	0.45	0.84		0.74	0.98	0.96
Net Working Capital	0.75	0.25	0.7	0.57	-0.82	-0.69	0.81	0.57	0.81	0.57	0.7	-0.65	-0.01	0.82	-0.17	0.71	0.88	0.75	0.71	0.62	0.74		0.71	0.56
Capital Stock	0.76	-0.13	0.75	0.69	-0.56	-0.77	0.52	0.69	0.59	0.66	0.79	-0.63	-0.23	0.52	-0.33	0.84	0.52	0.81	0.43	0.77	0.98	0.71		0.98
Property Plant And Equipment Gross	0.71	-0.22	0.72	0.69	-0.43	-0.72	0.38	0.69	0.47	0.67	0.78	-0.58	-0.27	0.39	-0.35	0.82	0.37	0.77	0.33	0.77	0.96	0.56	0.98

Click cells to compare fundamentals

Tristar Gold Account Relationship Matchups

Tristar Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.1M	29.2M	27.6M	29.4M	30.4M	19.3M
Total Current Liabilities	688.8K	528.7K	342.4K	237.8K	312.7K	420.8K
Total Stockholder Equity	19.0M	25.3M	25.6M	28.3M	29.5M	16.7M
Property Plant And Equipment Net	16.1M	19.0M	22.0M	24.3M	26.5M	15.0M
Net Debt	(5.5M)	(10.0M)	(5.4M)	(5.0M)	(4.5M)	(4.7M)
Retained Earnings	(30.8M)	(31.0M)	(30.8M)	(31.7M)	(32.4M)	(34.0M)
Cash	5.5M	10.0M	5.4M	5.0M	3.8M	4.2M
Non Current Assets Total	16.1M	19.0M	22.0M	24.3M	26.5M	15.0M
Cash And Short Term Investments	5.5M	10.0M	5.4M	5.0M	5.7M	4.2M
Net Receivables	32.8K	25.6K	93.2K	49.6K	47.7K	26.6K
Common Stock Shares Outstanding	179.3M	209.2M	255.4M	248.0M	279.9M	157.0M
Liabilities And Stockholders Equity	22.1M	29.2M	27.6M	29.4M	33.8M	18.3M
Other Stockholder Equity	4.5M	4.8M	3.9M	3.9M	3.5M	3.4M
Total Liab	3.0M	4.0M	1.9M	1.2M	893.7K	849.0K
Total Current Assets	5.9M	10.2M	5.6M	5.2M	3.9M	4.3M
Non Current Liabilities Total	2.3M	3.4M	1.6M	918.6K	581.0K	552.0K
Common Stock	45.1M	52.4M	52.5M	55.9M	64.3M	45.1M
Other Liab	634.7K	2.3M	3.4M	1.6M	1.8M	1.7M
Net Tangible Assets	19.3M	19.0M	25.3M	25.6M	29.5M	18.3M
Accounts Payable	179.8K	688.8K	528.7K	342.4K	393.8K	349.5K
Property Plant Equipment	19.3M	16.1M	19.0M	22.0M	25.2M	17.1M
Net Invested Capital	19.0M	25.3M	25.6M	28.3M	29.5M	25.8M
Accumulated Other Comprehensive Income	4.8M	3.9M	3.9M	4.1M	3.7M	3.4M
Net Working Capital	5.2M	9.7M	5.3M	4.9M	3.6M	4.7M
Capital Stock	45.1M	52.4M	52.5M	55.9M	57.9M	56.4M

Pair Trading with Tristar 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 Tristar 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 Tristar Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tristar Stock

0.9	IE	Ivanhoe Energy	Pair Corr
0.81	FDY	Faraday Copper Corp	Pair Corr
0.66	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.8	BOFA	Bank of America	Pair Corr

Moving against Tristar Stock

0.45

IBM

International Business

Pair Corr

The ability to find closely correlated positions to Tristar 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 Tristar 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 Tristar 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 Tristar Gold to buy it.

The correlation of Tristar 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 Tristar Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tristar Gold 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 Tristar 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.

Pair Correlation Correlation Matching

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tristar Gold. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Tristar Stock analysis

When running Tristar Gold's price analysis, check to measure Tristar 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 Tristar Gold is operating at the current time. Most of Tristar Gold's value examination focuses on studying past and present price action to predict the probability of Tristar 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 Tristar Gold's price. Additionally, you may evaluate how the addition of Tristar Gold to your portfolios can decrease your overall portfolio volatility.

	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Commodity Directory Find actively traded commodities issued by global exchanges

Please note, there is a significant difference between Tristar Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tristar Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tristar 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Tristar Net Debt vs Capital Stock Analysis

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Debt

Capital Stock

Tristar Gold fundamental ratios Correlations

Tristar Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tristar Gold fundamental ratios Accounts

Pair Trading with Tristar Gold

Moving together with Tristar Stock

Moving against Tristar Stock

Complementary Tools for Tristar Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Net Tangible Assets	+ 0.99	Common Stock
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Total Current Assets	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Retained Earnings	- 0.88	Total Assets
Common Stock Shares Outstanding	- 0.85	Retained Earnings
Net Tangible Assets	- 0.84	Retained Earnings