Denison Retained Earnings vs Short Term Debt Analysis
DML Stock | CAD 3.17 0.01 0.32% |
Denison Mines financial indicator trend analysis is much more than just examining Denison Mines Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Denison Mines Corp is a good investment. Please check the relationship between Denison Mines Retained Earnings and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. 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.
Retained Earnings vs Short Term Debt
Retained Earnings vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Denison Mines Corp Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Denison Mines' Retained Earnings and Short Term Debt is 0.32. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Denison Mines Corp, assuming nothing else is changed. The correlation between historical values of Denison Mines' Retained Earnings and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Denison Mines Corp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Denison Mines' Retained Earnings and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Short Term Debt
Most indicators from Denison Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Denison Mines Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. 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, Denison Mines' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 19.83, while Selling General Administrative is likely to drop about 10.2 M.
Denison Mines fundamental ratios Correlations
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Denison Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Denison Mines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 300.0M | 320.7M | 510.3M | 515.8M | 726.6M | 417.3M | |
Other Current Liab | 10.4M | 1.2M | 7.9M | 7.6M | 8.2M | 5.0M | |
Total Current Liabilities | 14.9M | 11.8M | 16.4M | 18.4M | 17.9M | 14.6M | |
Total Stockholder Equity | 210.1M | 227.3M | 396.7M | 436.0M | 641.8M | 326.0M | |
Property Plant And Equipment Net | 257.3M | 256.9M | 254.5M | 253.5M | 254.9M | 289.7M | |
Net Debt | (8.2M) | (24.4M) | (63.5M) | (50.3M) | (130.6M) | (124.1M) | |
Accounts Payable | 7.9M | 7.2M | 3.5M | 5.4M | 5.0M | 7.5M | |
Cash | 8.2M | 25.0M | 64.0M | 50.9M | 131.1M | 137.6M | |
Non Current Assets Total | 283.5M | 271.3M | 423.4M | 448.6M | 578.1M | 356.6M | |
Non Currrent Assets Other | 14.1M | 14.1M | 14.3M | 13.2M | 13.3M | 10.4M | |
Other Assets | 14.4M | 14.1M | 14.1M | 14.3M | 13.2M | 0.95 | |
Cash And Short Term Investments | 8.2M | 41.6M | 78.4M | 58.9M | 141.5M | 148.5M | |
Net Receivables | 4.0M | 3.4M | 3.7M | 4.1M | 1.9M | 1.8M | |
Common Stock Shares Outstanding | 590.3M | 628.4M | 793.7M | 828.7M | 854.0M | 896.7M | |
Liabilities And Stockholders Equity | 300.0M | 320.7M | 510.3M | 515.8M | 726.6M | 411.6M | |
Non Current Liabilities Total | 74.9M | 81.6M | 97.2M | 61.4M | 66.9M | 73.0M | |
Inventory | 3.4M | 3.0M | 3.5M | 2.7M | 3.6M | 3.4M | |
Other Current Assets | 978K | 1.4M | 1.3M | 1.4M | 1.6M | 1.4M | |
Other Stockholder Equity | 65.9M | 67.4M | 67.5M | 70.3M | 69.8M | 66.3M | |
Total Liab | 89.8M | 93.4M | 113.6M | 79.8M | 84.8M | 87.6M | |
Property Plant And Equipment Gross | 257.3M | 256.9M | 286.4M | 289.1M | 294.3M | 294.0M | |
Total Current Assets | 16.5M | 49.4M | 86.9M | 67.2M | 148.5M | 156.0M | |
Accumulated Other Comprehensive Income | 1.1M | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | |
Retained Earnings | (1.2B) | (1.2B) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | |
Short Term Debt | 235K | 240K | 358K | 432K | 213K | 410.9K | |
Current Deferred Revenue | 4.6M | 3.5M | 4.7M | 4.9M | 4.5M | 4.8M | |
Common Stock Total Equity | 1.4B | 1.3B | 1.3B | 1.4B | 1.6B | 1.3B | |
Common Stock | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 1.4B | |
Other Liab | 74.4M | 81.2M | 96.9M | 61.0M | 70.2M | 66.6M | |
Net Tangible Assets | 210.1M | 227.3M | 396.7M | 436.0M | 501.4M | 285.2M | |
Long Term Investments | 12.1M | 293K | 154.6M | 181.9M | 309.8M | 325.3M | |
Property Plant Equipment | 257.3M | 256.9M | 254.5M | 253.5M | 228.2M | 201.3M | |
Capital Surpluse | 65.4M | 67.4M | 67.5M | 70.3M | 80.8M | 72.5M |
Pair Trading with Denison Mines
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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
0.93 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.69 | ENB-PFU | Enbridge Pref L | PairCorr |
0.9 | ENS | E Split Corp | PairCorr |
0.8 | ENS-PA | E Split Corp | PairCorr |
Moving against Denison Stock
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp 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 Denison Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.