Contango Debt Ratio from 2010 to 2024
| CTGO Stock | USD 12.40 0.33 2.73% |
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.76256388 | Current Value 0.61 | Quarterly Volatility 0.13413002 |
Check Contango ORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Contango ORE's main balance sheet or income statement drivers, such as Selling General Administrative of 14.2 M, Other Operating Expenses of 18.5 M or Total Operating Expenses of 18.5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Contango financial statements analysis is a perfect complement when working with Contango ORE Valuation or Volatility modules.
Contango | Debt Ratio |
Latest Contango ORE's Debt Ratio Growth Pattern
Below is the plot of the Debt Ratio of Contango ORE over the last few years. It is Contango ORE's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Contango ORE's overall financial position and show how it may be relating to other accounts over time.
| Debt Ratio | 10 Years Trend |
|
Debt Ratio |
| Timeline |
Contango Debt Ratio Regression Statistics
| Arithmetic Mean | 0.57 | |
| Geometric Mean | 0.56 | |
| Coefficient Of Variation | 23.52 | |
| Mean Deviation | 0.09 | |
| Median | 0.52 | |
| Standard Deviation | 0.13 | |
| Sample Variance | 0.02 | |
| Range | 0.4761 | |
| R-Value | 0.54 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.29 | |
| Significance | 0.04 | |
| Slope | 0.02 | |
| Total Sum of Squares | 0.25 |
Contango Debt Ratio History
Other Fundumenentals of Contango ORE
Contango ORE Debt Ratio component correlations
Click cells to compare fundamentals
About Contango ORE Financial Statements
Contango ORE investors utilize fundamental indicators, such as Debt Ratio, to predict how Contango Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt Ratio | 0.76 | 0.61 | |
| Cash Flow To Debt Ratio | (0.21) | (0.22) |
Pair Trading with Contango ORE
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 Contango ORE 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 Contango ORE will appreciate offsetting losses from the drop in the long position's value.Moving together with Contango Stock
Moving against Contango Stock
| 0.64 | CMC | Commercial Metals | PairCorr |
| 0.55 | WS | Worthington Steel | PairCorr |
| 0.48 | RS | Reliance Steel Aluminum | PairCorr |
| 0.46 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.35 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Contango ORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Contango ORE 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 Contango ORE - 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 Contango ORE to buy it.
The correlation of Contango ORE 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 Contango ORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contango ORE 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 Contango ORE 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 the analysis of Contango ORE Correlation against competitors. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Diversified Metals & Mining space 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 Contango ORE. If investors know Contango 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 Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Return On Assets (0.21) | Return On Equity (5.05) |
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE'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 Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE'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 Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE'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.