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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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.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Research And Ddevelopement To Revenue
The ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services.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.