Agnico Current Deferred Revenue vs Common Stock Total Equity Analysis

AEM Stock  CAD 119.54  0.31  0.26%   
Agnico Eagle financial indicator trend analysis is way more than just evaluating Agnico Eagle Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agnico Eagle Mines is a good investment. Please check the relationship between Agnico Eagle Current Deferred Revenue and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Current Deferred Revenue vs Common Stock Total Equity

Current Deferred Revenue vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Current Deferred Revenue account and Common Stock Total Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Agnico Eagle's Current Deferred Revenue and Common Stock Total Equity is 0.29. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Agnico Eagle Mines, assuming nothing else is changed. The correlation between historical values of Agnico Eagle's Current Deferred Revenue and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Agnico Eagle Mines are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Current Deferred Revenue i.e., Agnico Eagle's Current Deferred Revenue and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 254.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B2.0B2.2B2.3B
Total Revenue3.8B5.7B6.6B7.0B

Agnico Eagle fundamental ratios Correlations

0.90.830.850.890.890.80.790.630.930.210.90.90.760.18-0.270.930.950.060.930.870.880.370.840.90.52
0.90.970.921.01.00.960.620.720.970.291.00.970.850.22-0.450.990.96-0.020.990.990.940.370.720.980.42
0.830.970.940.970.980.930.60.640.960.380.970.930.880.28-0.470.960.93-0.040.970.970.950.420.720.980.49
0.850.920.940.90.920.870.740.580.950.310.910.920.920.24-0.440.930.91-0.050.940.920.910.680.830.960.57
0.891.00.970.91.00.960.580.730.950.31.00.960.830.22-0.450.990.95-0.030.980.990.930.340.680.970.39
0.891.00.980.921.00.960.620.70.960.31.00.960.850.22-0.460.990.96-0.010.990.990.940.370.720.980.43
0.80.960.930.870.960.960.530.720.890.170.960.940.80.08-0.540.940.89-0.030.940.960.830.390.60.920.29
0.790.620.60.740.580.620.530.240.75-0.010.620.670.68-0.01-0.230.690.740.180.710.60.630.540.940.70.67
0.630.720.640.580.730.70.720.240.62-0.110.730.790.64-0.2-0.480.680.72-0.230.680.760.540.160.240.67-0.14
0.930.970.960.950.950.960.890.750.620.330.960.950.890.26-0.390.980.96-0.030.980.950.950.430.840.980.57
0.210.290.380.310.30.30.17-0.01-0.110.330.270.150.170.980.220.280.16-0.080.290.220.550.080.310.290.56
0.91.00.970.911.01.00.960.620.730.960.270.970.850.2-0.460.990.96-0.030.990.990.930.360.710.980.4
0.90.970.930.920.960.960.940.670.790.950.150.970.910.07-0.550.970.96-0.050.970.980.870.420.720.970.37
0.760.850.880.920.830.850.80.680.640.890.170.850.910.07-0.60.860.86-0.050.880.890.810.550.730.920.48
0.180.220.280.240.220.220.08-0.01-0.20.260.980.20.070.070.330.210.09-0.010.210.140.490.080.30.210.54
-0.27-0.45-0.47-0.44-0.45-0.46-0.54-0.23-0.48-0.390.22-0.46-0.55-0.60.33-0.45-0.430.07-0.45-0.51-0.26-0.17-0.18-0.48-0.01
0.930.990.960.930.990.990.940.690.680.980.280.990.970.860.21-0.450.970.01.00.980.940.380.780.990.47
0.950.960.930.910.950.960.890.740.720.960.160.960.960.860.09-0.430.970.050.970.960.90.390.780.970.46
0.06-0.02-0.04-0.05-0.03-0.01-0.030.18-0.23-0.03-0.08-0.03-0.05-0.05-0.010.070.00.050.0-0.030.02-0.070.130.010.15
0.930.990.970.940.980.990.940.710.680.980.290.990.970.880.21-0.451.00.970.00.980.950.420.790.990.49
0.870.990.970.920.990.990.960.60.760.950.220.990.980.890.14-0.510.980.96-0.030.980.910.390.680.980.37
0.880.940.950.910.930.940.830.630.540.950.550.930.870.810.49-0.260.940.90.020.950.910.40.80.950.61
0.370.370.420.680.340.370.390.540.160.430.080.360.420.550.08-0.170.380.39-0.070.420.390.40.540.460.41
0.840.720.720.830.680.720.60.940.240.840.310.710.720.730.3-0.180.780.780.130.790.680.80.540.790.78
0.90.980.980.960.970.980.920.70.670.980.290.980.970.920.21-0.480.990.970.010.990.980.950.460.790.52
0.520.420.490.570.390.430.290.67-0.140.570.560.40.370.480.54-0.010.470.460.150.490.370.610.410.780.52
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Agnico Eagle Account Relationship Matchups

Agnico Eagle fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding233.3M238.2M243.1M244.7M489.9M514.4M
Total Assets8.8B9.6B10.2B23.5B28.7B30.1B
Other Current Liab216.5M225.0M267.5M546.8M502.5M527.6M
Total Current Liabilities775.6M515.7M761.8M946.4M1.0B1.1B
Total Stockholder Equity5.1B5.7B6.0B16.2B19.4B20.4B
Property Plant And Equipment Net7.0B7.3B7.6B18.5B21.2B22.3B
Net Debt1.5B1.3B1.5B834.8M1.7B1.7B
Retained Earnings(647.3M)(366.4M)(165.3M)(201.6M)963.2M1.0B
Accounts Payable158.3M167.1M189.1M259.0M317.9M333.8M
Cash321.9M402.5M185.8M658.6M338.6M220.6M
Non Current Assets Total7.6B8.4B8.9B21.3B26.5B27.8B
Non Currrent Assets Other184.9M259.3M353.2M466.9M779.6M818.6M
Other Assets184.9M259.3M561.4M450.5M518.1M544.0M
Cash And Short Term Investments414.2M406.5M191.1M658.6M348.8M268.0M
Short Term Investments92.3M3.9M5.3M9.9M10.2M9.7M
Liabilities And Stockholders Equity8.8B9.6B10.2B23.5B28.7B30.1B
Non Current Liabilities Total2.9B3.4B3.4B6.3B8.2B8.6B
Other Current Assets95.8M109.8M129.7M158.6M238.5M250.4M
Other Stockholder Equity217.4M212.9M228.4M220.7M223.8M212.6M
Total Liab3.7B3.9B4.2B7.3B9.3B9.7B
Property Plant And Equipment Gross7.0B7.3B14.1B26.1B32.5B34.1B
Total Current Assets1.2B1.2B1.3B2.2B2.2B2.3B
Accumulated Other Comprehensive Income(47.9M)85.3M54.3M(29.0M)(99.0M)(94.0M)
Short Term Debt374.7M20.9M258.0M136.5M146.4M153.7M
Short Long Term Debt Total1.8B1.7B1.7B1.5B2.0B2.1B
Inventory580.1M630.5M878.9M1.2B1.4B1.5B
Common Stock Total Equity5.3B5.4B5.6B5.8B6.6B3.3B
Common Stock5.6B5.8B5.9B16.3B18.3B19.3B
Net Receivables10.6M15.5M21.2M43.6M184.9M194.1M
Other Liab1.4B1.8B2.0B5.0B5.7B6.0B
Net Tangible Assets4.1B4.7B5.3B5.6B6.4B4.6B
Long Term Debt1.4B1.6B1.3B1.2B1.7B1.5B
Property Plant Equipment7.0B7.3B7.6B18.5B21.2B22.3B
Long Term Debt Total1.5B1.7B1.4B1.4B1.6B1.5B
Capital Lease Obligations116.8M120.3M131.4M151.3M161.5M96.3M

Pair Trading with Agnico Eagle

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 Agnico Eagle 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 Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

  0.72AG First Majestic SilverPairCorr

Moving against Agnico Stock

  0.41INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle 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 Agnico Eagle - 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 Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle 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 Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines 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 Agnico Eagle 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 CorrelationCorrelation Matching
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle'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.