Eastern Short Term Investments vs Net Receivables Analysis
ELR Stock | CAD 0.14 0.02 12.50% |
Eastern Platinum financial indicator trend analysis is much more than just examining Eastern Platinum latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Platinum is a good investment. Please check the relationship between Eastern Platinum Short Term Investments and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Platinum Limited. 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.
Short Term Investments vs Net Receivables
Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Platinum Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eastern Platinum's Short Term Investments and Net Receivables is -0.19. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Eastern Platinum Limited, assuming nothing else is changed. The correlation between historical values of Eastern Platinum's Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Eastern Platinum Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Investments i.e., Eastern Platinum's Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Eastern Platinum balance sheet. It contains any investments Eastern Platinum Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eastern Platinum can easily liquidate in the marketplace.Net Receivables
Most indicators from Eastern Platinum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Platinum 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 Eastern Platinum Limited. 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, Eastern Platinum's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Tax Provision is likely to grow to about 45.1 K, while Sales General And Administrative To Revenue is likely to drop 0.06.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 7.1M | 4.3M | 6.2M | 3.9M | Interest Income | 3.2M | 1.6M | 1.2M | 1.5M |
Eastern Platinum fundamental ratios Correlations
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Eastern Platinum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Platinum fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 164.8M | 163.0M | 162.8M | 155.6M | 160.8M | 152.7M | |
Total Current Liabilities | 11.7M | 11.9M | 16.4M | 75.9M | 69.0M | 72.5M | |
Total Stockholder Equity | 138.2M | 125.6M | 122.5M | 71.9M | 88.1M | 83.7M | |
Property Plant And Equipment Net | 135.4M | 136.6M | 124.2M | 112.2M | 100.8M | 95.7M | |
Net Debt | (1.9M) | 2.8M | 1.5M | 2.7M | (16.7M) | (17.5M) | |
Retained Earnings | (800.0M) | (808.0M) | (808.8M) | (852.2M) | (836.8M) | (794.9M) | |
Accounts Payable | 9.1M | 7.5M | 10.1M | 5.2M | 5.7M | 5.3M | |
Cash | 2.0M | 1.8M | 2.2M | 2.4M | 18.1M | 19.2M | |
Non Current Assets Total | 146.0M | 147.0M | 131.8M | 119.2M | 107.2M | 101.9M | |
Non Currrent Assets Other | 10.6M | 10.4M | 7.5M | 7.0M | 6.5M | 6.8M | |
Cash And Short Term Investments | 2.0M | 1.8M | 6.1M | 2.4M | 21.3M | 20.3M | |
Net Receivables | 13.0M | 10.0M | 21.4M | 20.5M | 27.7M | 29.0M | |
Common Stock Shares Outstanding | 92.8M | 96.7M | 135.4M | 137.8M | 179.0M | 188.0M | |
Liabilities And Stockholders Equity | 164.8M | 163.0M | 162.8M | 155.6M | 160.8M | 152.7M | |
Non Current Liabilities Total | 59.7M | 69.8M | 66.0M | 8.2M | 4.1M | 3.9M | |
Other Stockholder Equity | 297K | 1.1M | 1.2M | 2.7M | 1.1M | 1.0M | |
Total Liab | 71.3M | 81.7M | 82.4M | 84.2M | 73.1M | 59.6M | |
Property Plant And Equipment Gross | 135.4M | 136.6M | 693.0M | 651.2M | 532.0M | 385.3M | |
Total Current Assets | 18.8M | 16.0M | 31.0M | 36.4M | 53.5M | 83.5M | |
Accumulated Other Comprehensive Income | (292.2M) | (299.3M) | (310.7M) | (317.8M) | (322.2M) | (306.1M) | |
Other Current Liab | 2.5M | 3.1M | 4.9M | 66.1M | 52.9M | 55.6M | |
Other Current Assets | (492K) | 2.8M | 2.6M | 1.7M | 2.1M | 0.0 | |
Inventory | 1.1M | 1.6M | 1.8M | 11.3M | 4.5M | 3.9M | |
Short Term Investments | 17.2M | 1.4M | 0.0 | 3.9M | 3.2M | 3.1M | |
Short Term Debt | 18K | 1.3M | 1.4M | 4.7M | 1.4M | 1.3M | |
Other Assets | 8.8M | 10.6M | 10.4M | 7.5M | 8.7M | 7.1M | |
Short Long Term Debt Total | 63K | 4.6M | 3.7M | 5.1M | 1.5M | 1.4M | |
Current Deferred Revenue | 2.5M | 3.1M | 4.4M | 17.3M | 9.0M | 5.4M | |
Other Liab | 17.5M | 17.3M | 15.9M | 13.9M | 12.5M | 12.0M | |
Net Tangible Assets | 134.3M | 138.2M | 125.6M | 122.5M | 110.2M | 141.6M | |
Property Plant Equipment | 133.7M | 135.4M | 136.6M | 124.2M | 111.8M | 103.4M | |
Capital Surpluse | 410K | 501K | 1.3M | 1.2M | 1.4M | 831.4K | |
Cash And Equivalents | 3.1M | 1.7M | 936K | 1.1M | 1.0M | 969.6K | |
Net Invested Capital | 138.2M | 125.6M | 122.5M | 74.8M | 89.0M | 98.8M | |
Net Working Capital | 7.2M | 4.1M | 14.6M | (39.5M) | (15.5M) | (14.7M) |
Pair Trading with Eastern Platinum
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 Eastern Platinum 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 Eastern Platinum will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastern Stock
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The ability to find closely correlated positions to Eastern Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Platinum 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 Eastern Platinum - 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 Eastern Platinum Limited to buy it.
The correlation of Eastern Platinum 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 Eastern Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Platinum 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 Eastern Platinum 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.Other Information on Investing in Eastern Stock
Balance Sheet is a snapshot of the financial position of Eastern Platinum at a specified time, usually calculated after every quarter, six months, or one year. Eastern Platinum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Platinum and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Eastern currently owns. An asset can also be divided into two categories, current and non-current.