Foran Ptb Ratio vs Days Sales Outstanding Analysis

FOM Stock   4.10  0.04  0.97%   
Foran Mining financial indicator trend analysis is much more than just examining Foran Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foran Mining is a good investment. Please check the relationship between Foran Mining Ptb Ratio and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foran Mining. 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.

Ptb Ratio vs Days Sales Outstanding

Ptb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foran Mining Ptb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Foran Mining's Ptb Ratio and Days Sales Outstanding is 0.24. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Foran Mining, assuming nothing else is changed. The correlation between historical values of Foran Mining's Ptb Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Foran Mining are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ptb Ratio i.e., Foran Mining's Ptb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Days Sales Outstanding

Most indicators from Foran Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foran Mining 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 Foran Mining. 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, Foran Mining's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value is likely to grow to about 634.8 M, while Tax Provision is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Other Operating Expenses6.4M9.6M17.6M18.5M
Depreciation And Amortization98K58K66.7K87.4K

Foran Mining fundamental ratios Correlations

1.01.0-0.04-0.99-0.86-0.211.01.01.00.970.9-0.210.991.00.930.40.950.450.93-0.380.961.01.00.240.83
1.01.0-0.1-0.99-0.83-0.171.00.991.00.970.87-0.180.981.00.910.380.960.460.91-0.350.981.01.00.20.81
1.01.0-0.05-0.99-0.86-0.21.00.991.00.970.9-0.210.981.00.920.40.950.440.92-0.380.971.01.00.230.83
-0.04-0.1-0.050.13-0.19-0.93-0.10.03-0.10.030.32-0.240.01-0.10.130.76-0.350.190.13-0.33-0.3-0.11-0.050.920.42
-0.99-0.99-0.990.130.810.14-1.0-0.97-1.0-0.98-0.850.15-0.96-1.0-0.87-0.38-0.95-0.44-0.870.33-0.97-0.99-0.99-0.17-0.81
-0.86-0.83-0.86-0.190.810.31-0.83-0.88-0.83-0.81-0.940.34-0.84-0.83-0.82-0.44-0.76-0.11-0.820.52-0.77-0.82-0.84-0.32-0.76
-0.21-0.17-0.2-0.930.140.31-0.17-0.25-0.17-0.3-0.460.15-0.26-0.17-0.36-0.90.12-0.39-0.350.280.05-0.15-0.2-1.0-0.66
1.01.01.0-0.1-1.0-0.83-0.170.981.00.970.87-0.160.981.00.910.380.960.450.91-0.330.971.01.00.20.81
1.00.990.990.03-0.97-0.88-0.250.980.980.950.93-0.250.990.980.950.410.930.450.95-0.430.940.980.990.280.84
1.01.01.0-0.1-1.0-0.83-0.171.00.980.970.87-0.160.981.00.910.380.960.450.91-0.330.971.01.00.20.81
0.970.970.970.03-0.98-0.81-0.30.970.950.970.89-0.180.930.970.850.550.880.50.85-0.370.910.970.970.330.89
0.90.870.90.32-0.85-0.94-0.460.870.930.870.89-0.380.890.870.860.590.750.40.87-0.590.780.870.890.480.87
-0.21-0.18-0.21-0.240.150.340.15-0.16-0.25-0.16-0.18-0.38-0.19-0.16-0.18-0.18-0.15-0.2-0.190.65-0.14-0.18-0.21-0.16-0.22
0.990.980.980.01-0.96-0.84-0.260.980.990.980.930.89-0.190.980.980.390.920.470.98-0.360.940.980.980.290.83
1.01.01.0-0.1-1.0-0.83-0.171.00.981.00.970.87-0.160.980.910.380.960.450.91-0.340.971.01.00.20.81
0.930.910.920.13-0.87-0.82-0.360.910.950.910.850.86-0.180.980.910.390.840.461.0-0.350.860.910.930.380.81
0.40.380.40.76-0.38-0.44-0.90.380.410.380.550.59-0.180.390.380.390.10.420.38-0.330.170.360.40.90.8
0.950.960.95-0.35-0.95-0.760.120.960.930.960.880.75-0.150.920.960.840.10.350.84-0.281.00.960.95-0.090.62
0.450.460.440.19-0.44-0.11-0.390.450.450.450.50.4-0.20.470.450.460.420.350.46-0.270.380.460.470.430.56
0.930.910.920.13-0.87-0.82-0.350.910.950.910.850.87-0.190.980.911.00.380.840.46-0.360.860.910.930.370.81
-0.38-0.35-0.38-0.330.330.520.28-0.33-0.43-0.33-0.37-0.590.65-0.36-0.34-0.35-0.33-0.28-0.27-0.36-0.3-0.35-0.39-0.29-0.41
0.960.980.97-0.3-0.97-0.770.050.970.940.970.910.78-0.140.940.970.860.171.00.380.86-0.30.980.97-0.020.67
1.01.01.0-0.11-0.99-0.82-0.151.00.981.00.970.87-0.180.981.00.910.360.960.460.91-0.350.981.00.180.81
1.01.01.0-0.05-0.99-0.84-0.21.00.991.00.970.89-0.210.981.00.930.40.950.470.93-0.390.971.00.230.83
0.240.20.230.92-0.17-0.32-1.00.20.280.20.330.48-0.160.290.20.380.9-0.090.430.37-0.29-0.020.180.230.68
0.830.810.830.42-0.81-0.76-0.660.810.840.810.890.87-0.220.830.810.810.80.620.560.81-0.410.670.810.830.68
Click cells to compare fundamentals

Foran Mining Account Relationship Matchups

Foran Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.9M42.2M174.9M236.7M542.5M569.6M
Total Current Liabilities365.6K390.2K13.7M14.7M45.2M47.4M
Total Stockholder Equity39.8M41.1M160.4M187.7M458.1M481.0M
Property Plant And Equipment Net40.2M40.9M89.1M141.3M121K115.0K
Net Debt(237.7K)(995.7K)(82.9M)(53.2M)(228.0M)(216.6M)
Retained Earnings(43.4M)(45.4M)(49.7M)(59.5M)(73.1M)(69.4M)
Accounts Payable265.3K(60.3K)(3.3M)(5.2M)5.4K5.7K
Cash391.6K1.0M84.0M87.3M266.5M279.8M
Non Current Assets Total40.4M41.1M89.3M148.4M271.8M285.3M
Cash And Short Term Investments391.6K1.0M84.0M87.3M266.5M279.8M
Net Receivables43.1K23.9K1.3M802K2.1M2.2M
Common Stock Shares Outstanding129.6M148.3M200.6M242.5M280.4M294.5M
Liabilities And Stockholders Equity40.9M42.2M174.9M236.7M542.5M569.6M
Other Stockholder Equity1.6M1.6M4.1M6.5M5.8M5.5M
Total Liab1.1M1.0M14.5M49.0M84.4M88.6M
Total Current Assets501.9K1.1M85.6M88.4M270.7M284.3M
Non Current Liabilities Total737.3K649.6K812K34.3M39.3M41.2M
Accumulated Other Comprehensive Income44.9K73.7K99K58K10.3M10.8M
Other Current Assets67.1K41.5K252K241K2.2M2.3M
Common Stock81.6M84.8M205.8M240.6M520.9M546.9M

Pair Trading with Foran Mining

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 Foran Mining 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 Foran Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Foran Stock

  0.89AG First Majestic SilverPairCorr
  0.85IE Ivanhoe EnergyPairCorr
  0.83FDY Faraday Copper CorpPairCorr

Moving against Foran Stock

  0.48HPQ HPQ Silicon ResourcesPairCorr
  0.31NG NovaGold ResourcesPairCorr
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining 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 Foran Mining - 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 Foran Mining to buy it.
The correlation of Foran Mining 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 Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining 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 Foran Mining 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

Other Information on Investing in Foran Stock

Balance Sheet is a snapshot of the financial position of Foran Mining at a specified time, usually calculated after every quarter, six months, or one year. Foran Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foran Mining 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 Foran currently owns. An asset can also be divided into two categories, current and non-current.