Contango Ev To Operating Cash Flow vs Earnings Yield Analysis
CTGO Stock | USD 12.44 0.37 3.07% |
Contango ORE financial indicator trend analysis is way more than just evaluating Contango ORE prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Contango ORE is a good investment. Please check the relationship between Contango ORE Ev To Operating Cash Flow and its Earnings Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
Ev To Operating Cash Flow vs Earnings Yield
Ev To Operating Cash Flow vs Earnings Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contango ORE Ev To Operating Cash Flow account and Earnings Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Contango ORE's Ev To Operating Cash Flow and Earnings Yield is -0.39. Overlapping area represents the amount of variation of Ev To Operating Cash Flow that can explain the historical movement of Earnings Yield in the same time period over historical financial statements of Contango ORE, assuming nothing else is changed. The correlation between historical values of Contango ORE's Ev To Operating Cash Flow and Earnings Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Operating Cash Flow of Contango ORE are associated (or correlated) with its Earnings Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earnings Yield has no effect on the direction of Ev To Operating Cash Flow i.e., Contango ORE's Ev To Operating Cash Flow and Earnings Yield go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.Earnings Yield
The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.Most indicators from Contango ORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Contango ORE 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 Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Enterprise Value Over EBITDA is likely to drop (2.68).
Contango ORE fundamental ratios Correlations
Click cells to compare fundamentals
Contango ORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango ORE fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.8M | 3.1M | 36.0M | 37.3M | 58.6M | 61.5M | |
Other Current Liab | 347.9K | 1.0M | 195.8K | 871.0K | 4.9M | 5.2M | |
Total Current Liabilities | 419.3K | 1.1M | 222.1K | 1.5M | 13.1M | 13.7M | |
Total Stockholder Equity | 8.3M | 2.0M | 34.5M | 13.3M | (14.5M) | (13.8M) | |
Common Stock Shares Outstanding | 6.3M | 6.5M | 6.3M | 6.7M | 9.2M | 5.0M | |
Liabilities And Stockholders Equity | 8.8M | 3.1M | 36.0M | 37.3M | 58.6M | 61.5M | |
Other Current Assets | 161.2K | 72.2K | 515.6K | 684.4K | 1.3M | 1.4M | |
Other Stockholder Equity | 57.9M | 60.8M | 69.5M | 71.7M | 124.4M | 130.6M | |
Total Liab | 419.3K | 1.1M | 1.4M | 24.0M | 73.1M | 76.8M | |
Total Current Assets | 8.8M | 3.1M | 35.9M | 23.8M | 16.9M | 10.7M | |
Common Stock | 63.6K | 65.9K | 66.8K | 68.6K | 94.5K | 89.8K | |
Net Debt | (8.6M) | (3.0M) | (35.2M) | (3.9M) | 29.2M | 30.6M | |
Retained Earnings | (49.7M) | (58.9M) | (35.0M) | (58.5M) | (139.0M) | (146.0M) | |
Accounts Payable | 71.4K | 83.2K | 26.3K | 633.9K | 250.7K | 318.2K | |
Cash | 8.6M | 3.0M | 35.2M | 23.1M | 15.5M | 11.2M | |
Cash And Short Term Investments | 8.6M | 3.0M | 35.2M | 23.1M | 15.5M | 11.2M | |
Net Tangible Assets | 2.0M | 34.5M | 13.3M | (4.8M) | (5.5M) | (5.2M) | |
Net Invested Capital | 2.0M | 34.5M | 32.5M | 20.7M | 23.8M | 20.7M | |
Net Working Capital | 2.0M | 35.7M | 22.3M | 10.0M | 11.5M | 16.7M | |
Capital Stock | 65.9K | 66.8K | 68.6K | 77.8K | 89.5K | 76.0K |
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 Earnings Call Next Week | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.