Contango Free Cash Flow Yield vs Interest Coverage 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 Free Cash Flow Yield and its Interest Coverage 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.

Free Cash Flow Yield vs Interest Coverage

Free Cash Flow Yield vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contango ORE Free Cash Flow Yield account and Interest Coverage. At this time, the significance of the direction appears to have weak relationship.
The correlation between Contango ORE's Free Cash Flow Yield and Interest Coverage is 0.3. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Interest Coverage 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 Free Cash Flow Yield and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Contango ORE are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Free Cash Flow Yield i.e., Contango ORE's Free Cash Flow Yield and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Interest Coverage

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

0.850.85-0.230.870.890.610.960.90.90.65-0.190.960.510.27-0.010.640.04-0.260.64-0.470.370.45-0.510.470.56
0.850.98-0.680.830.980.510.940.860.980.17-0.130.750.840.2-0.10.170.13-0.270.17-0.380.310.36-0.40.370.44
0.850.98-0.670.820.980.420.920.820.980.18-0.110.730.840.120.030.170.22-0.140.17-0.450.210.26-0.290.270.36
-0.23-0.68-0.67-0.48-0.64-0.05-0.44-0.33-0.630.58-0.06-0.1-0.950.030.070.59-0.430.080.590.31-0.020.02-0.050.040.1
0.870.830.82-0.480.910.490.90.760.90.36-0.110.840.710.180.060.350.3-0.210.35-0.590.260.32-0.370.330.39
0.890.980.98-0.640.910.480.960.851.00.24-0.110.80.840.19-0.030.230.25-0.220.23-0.530.270.32-0.360.330.38
0.610.510.42-0.050.490.480.560.810.50.54-0.390.570.230.64-0.470.51-0.4-0.690.510.010.820.89-0.860.90.66
0.960.940.92-0.440.90.960.560.880.970.45-0.170.920.680.22-0.080.450.13-0.30.45-0.50.350.42-0.460.430.5
0.90.860.82-0.330.760.850.810.880.860.5-0.320.810.560.52-0.290.48-0.16-0.530.48-0.250.640.7-0.750.710.63
0.90.980.98-0.630.91.00.50.970.860.25-0.120.810.830.2-0.040.250.23-0.240.25-0.510.30.35-0.380.350.4
0.650.170.180.580.360.240.540.450.50.25-0.210.71-0.320.260.041.0-0.31-0.171.0-0.130.350.45-0.490.470.56
-0.19-0.13-0.11-0.06-0.11-0.11-0.39-0.17-0.32-0.12-0.21-0.130.01-0.330.04-0.220.130.52-0.22-0.02-0.38-0.360.36-0.36-0.19
0.960.750.73-0.10.840.80.570.920.810.810.71-0.130.390.23-0.040.71-0.02-0.270.71-0.420.360.44-0.50.450.64
0.510.840.84-0.950.710.840.230.680.560.83-0.320.010.390.07-0.07-0.330.43-0.16-0.33-0.450.130.12-0.120.110.07
0.270.20.120.030.180.190.640.220.520.20.26-0.330.230.07-0.610.24-0.23-0.710.240.040.650.63-0.620.620.34
-0.01-0.10.030.070.06-0.03-0.47-0.08-0.29-0.040.040.04-0.04-0.07-0.610.040.320.840.04-0.18-0.65-0.610.58-0.59-0.27
0.640.170.170.590.350.230.510.450.480.251.0-0.220.71-0.330.240.04-0.31-0.161.0-0.130.320.43-0.470.450.56
0.040.130.22-0.430.30.25-0.40.13-0.160.23-0.310.13-0.020.43-0.230.32-0.310.28-0.31-0.58-0.36-0.430.51-0.45-0.48
-0.26-0.27-0.140.08-0.21-0.22-0.69-0.3-0.53-0.24-0.170.52-0.27-0.16-0.710.84-0.160.28-0.16-0.05-0.78-0.760.75-0.75-0.41
0.640.170.170.590.350.230.510.450.480.251.0-0.220.71-0.330.240.041.0-0.31-0.16-0.130.320.43-0.470.450.56
-0.47-0.38-0.450.31-0.59-0.530.01-0.5-0.25-0.51-0.13-0.02-0.42-0.450.04-0.18-0.13-0.58-0.05-0.130.10.14-0.130.140.41
0.370.310.21-0.020.260.270.820.350.640.30.35-0.380.360.130.65-0.650.32-0.36-0.780.320.10.97-0.940.960.52
0.450.360.260.020.320.320.890.420.70.350.45-0.360.440.120.63-0.610.43-0.43-0.760.430.140.97-0.971.00.61
-0.51-0.4-0.29-0.05-0.37-0.36-0.86-0.46-0.75-0.38-0.490.36-0.5-0.12-0.620.58-0.470.510.75-0.47-0.13-0.94-0.97-0.98-0.65
0.470.370.270.040.330.330.90.430.710.350.47-0.360.450.110.62-0.590.45-0.45-0.750.450.140.961.0-0.980.63
0.560.440.360.10.390.380.660.50.630.40.56-0.190.640.070.34-0.270.56-0.48-0.410.560.410.520.61-0.650.63
Click cells to compare fundamentals

Contango ORE Account Relationship Matchups

Contango ORE fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.8M3.1M36.0M37.3M58.6M61.5M
Other Current Liab347.9K1.0M195.8K871.0K4.9M5.2M
Total Current Liabilities419.3K1.1M222.1K1.5M13.1M13.7M
Total Stockholder Equity8.3M2.0M34.5M13.3M(14.5M)(13.8M)
Common Stock Shares Outstanding6.3M6.5M6.3M6.7M9.2M5.0M
Liabilities And Stockholders Equity8.8M3.1M36.0M37.3M58.6M61.5M
Other Current Assets161.2K72.2K515.6K684.4K1.3M1.4M
Other Stockholder Equity57.9M60.8M69.5M71.7M124.4M130.6M
Total Liab419.3K1.1M1.4M24.0M73.1M76.8M
Total Current Assets8.8M3.1M35.9M23.8M16.9M10.7M
Common Stock63.6K65.9K66.8K68.6K94.5K89.8K
Net Debt(8.6M)(3.0M)(35.2M)(3.9M)29.2M30.6M
Retained Earnings(49.7M)(58.9M)(35.0M)(58.5M)(139.0M)(146.0M)
Accounts Payable71.4K83.2K26.3K633.9K250.7K318.2K
Cash8.6M3.0M35.2M23.1M15.5M11.2M
Cash And Short Term Investments8.6M3.0M35.2M23.1M15.5M11.2M
Net Tangible Assets2.0M34.5M13.3M(4.8M)(5.5M)(5.2M)
Net Invested Capital2.0M34.5M32.5M20.7M23.8M20.7M
Net Working Capital2.0M35.7M22.3M10.0M11.5M16.7M
Capital Stock65.9K66.8K68.6K77.8K89.5K76.0K

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

  0.68AU AngloGold Ashanti plcPairCorr

Moving against Contango Stock

  0.64CMC Commercial MetalsPairCorr
  0.55WS Worthington Steel Earnings Call Next WeekPairCorr
  0.48RS Reliance Steel AluminumPairCorr
  0.46MT ArcelorMittal SA ADRPairCorr
  0.35AA 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.
Pair CorrelationCorrelation Matching
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.