Freegold Historical Financial Ratios
| FVL Stock | CAD 0.69 0.01 1.43% |
Freegold Ventures is recently reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.81 or Days Sales Outstanding of 104 will help investors to properly organize and evaluate Freegold Ventures financial condition quickly.
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About Freegold Financial Ratios Analysis
Freegold VenturesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Freegold Ventures investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Freegold financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Freegold Ventures history.
Freegold Ventures Financial Ratios Chart
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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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Most ratios from Freegold Ventures' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Freegold Ventures current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Freegold Ventures 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, Freegold Ventures' Payables Turnover is very stable compared to the past year. As of the 24th of December 2024, Average Inventory is likely to grow to about 228.1 K, while Price To Sales Ratio is likely to drop 2.67.
| 2023 | 2024 (projected) | Days Sales Outstanding | 117.43 | 104.38 | PTB Ratio | 1.72 | 1.81 |
Freegold Ventures fundamentals Correlations
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Freegold Ventures Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Freegold Ventures
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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.Moving together with Freegold Stock
Moving against Freegold Stock
| 0.93 | FFH | Fairfax Financial | PairCorr |
| 0.86 | TCS | TECSYS Inc | PairCorr |
| 0.84 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.83 | ERE-UN | European Residential Real | PairCorr |
| 0.82 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 Freegold Stock
Freegold VenturesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Freegold Ventures investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Freegold financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Freegold Ventures history.