Freegold Average Inventory vs Net Income Per Share Analysis

FVL Stock

CAD 0.69 0.01 1.43%

Freegold Ventures financial indicator trend analysis is much more than just examining Freegold Ventures latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freegold Ventures is a good investment. Please check the relationship between Freegold Ventures Average Inventory and its Net Income Per Share accounts. 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.

Average Inventory vs Net Income Per Share

Average Inventory vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freegold Ventures Average Inventory account and Net Income Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Freegold Ventures' Average Inventory and Net Income Per Share is 0.37. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Freegold Ventures Limited, assuming nothing else is changed. The correlation between historical values of Freegold Ventures' Average Inventory and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Freegold Ventures Limited are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Average Inventory i.e., Freegold Ventures' Average Inventory and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Net Income Per Share

Most indicators from Freegold Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

As of the 24th of December 2024, Enterprise Value is likely to grow to about 160 M, while Selling General Administrative is likely to drop about 247.2 K.

	2023	2024 (projected)
Non Recurring	8.8M	6.5M
Cost Of Revenue	81.5K	76.3K

Non Recurring Cost Of Revenue

Freegold Ventures fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Investments	Short Term Debt	Net Receivables	Inventory	Non Current Liabilities Total	Short Long Term Debt Total	Net Tangible Assets	Long Term Investments
Total Assets		-0.39	1.0	0.95	-0.35	-0.71	-0.26	0.37	0.95	0.37	0.96	0.26	-0.03	-0.35	0.95	0.37	-0.2	0.6	-0.22	-0.1	-0.3	0.51	-0.04	-0.38	0.99	-0.65
Total Current Liabilities	-0.39		-0.39	-0.41	-0.01	0.13	0.61	0.0	-0.41	0.0	-0.38	0.05	-0.06	0.73	-0.42	0.0	0.47	0.08	-0.54	0.22	0.29	-0.01	-0.14	0.16	-0.37	0.49
Total Stockholder Equity	1.0	-0.39		0.95	-0.35	-0.71	-0.27	0.37	0.95	0.37	0.96	0.26	-0.03	-0.36	0.95	0.37	-0.2	0.59	-0.21	-0.1	-0.3	0.51	-0.05	-0.39	0.99	-0.65
Property Plant And Equipment Net	0.95	-0.41	0.95		-0.05	-0.71	-0.3	0.06	1.0	0.07	0.94	0.03	-0.15	-0.32	1.0	0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Net Debt	-0.35	-0.01	-0.35	-0.05		0.15	-0.06	-1.0	-0.05	-1.0	-0.23	-0.75	-0.36	0.18	-0.05	-1.0	0.14	-0.06	0.11	0.12	-0.12	-0.86	0.29	0.41	-0.38	-0.11
Retained Earnings	-0.71	0.13	-0.71	-0.71	0.15		0.49	-0.16	-0.71	-0.16	-0.74	-0.01	-0.02	-0.01	-0.71	-0.16	-0.29	-0.83	0.35	-0.08	0.46	-0.42	-0.16	-0.17	-0.75	0.29
Accounts Payable	-0.26	0.61	-0.27	-0.3	-0.06	0.49		0.05	-0.3	0.05	-0.41	0.25	0.08	0.45	-0.3	0.05	-0.25	-0.11	-0.52	-0.07	0.41	-0.07	-0.06	-0.21	-0.26	0.28
Cash	0.37	0.0	0.37	0.06	-1.0	-0.16	0.05		0.06	1.0	0.25	0.74	0.35	-0.18	0.06	1.0	-0.14	0.07	-0.11	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.09
Non Current Assets Total	0.95	-0.41	0.95	1.0	-0.05	-0.71	-0.3	0.06		0.07	0.94	0.03	-0.15	-0.32	1.0	0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Cash And Short Term Investments	0.37	0.0	0.37	0.07	-1.0	-0.16	0.05	1.0	0.07		0.25	0.74	0.35	-0.18	0.07	1.0	-0.14	0.07	-0.11	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.08
Common Stock Shares Outstanding	0.96	-0.38	0.96	0.94	-0.23	-0.74	-0.41	0.25	0.94	0.25		0.09	-0.12	-0.41	0.94	0.25	-0.08	0.51	-0.07	0.02	-0.3	0.44	-0.14	-0.31	0.94	-0.63
Other Current Assets	0.26	0.05	0.26	0.03	-0.75	-0.01	0.25	0.74	0.03	0.74	0.09		0.1	0.07	0.03	0.75	-0.14	0.17	-0.36	-0.24	0.05	0.75	0.02	-0.42	0.3	0.06
Other Stockholder Equity	-0.03	-0.06	-0.03	-0.15	-0.36	-0.02	0.08	0.35	-0.15	0.35	-0.12	0.1		-0.07	-0.15	0.35	-0.11	-0.02	0.15	-0.16	-0.2	0.3	-0.05	-0.04	-0.01	0.19
Total Liab	-0.35	0.73	-0.36	-0.32	0.18	-0.01	0.45	-0.18	-0.32	-0.18	-0.41	0.07	-0.07		-0.32	-0.17	0.5	0.37	-0.69	-0.07	-0.26	-0.12	0.58	0.47	-0.3	0.42
Property Plant And Equipment Gross	0.95	-0.42	0.95	1.0	-0.05	-0.71	-0.3	0.06	1.0	0.07	0.94	0.03	-0.15	-0.32		0.07	-0.16	0.62	-0.19	-0.07	-0.36	0.26	0.05	-0.28	0.94	-0.73
Total Current Assets	0.37	0.0	0.37	0.07	-1.0	-0.16	0.05	1.0	0.07	1.0	0.25	0.75	0.35	-0.17	0.07		-0.15	0.08	-0.12	-0.12	0.11	0.86	-0.27	-0.4	0.39	0.08
Other Current Liab	-0.2	0.47	-0.2	-0.16	0.14	-0.29	-0.25	-0.14	-0.16	-0.14	-0.08	-0.14	-0.11	0.5	-0.16	-0.15		0.25	-0.15	-0.23	-0.32	-0.02	0.17	0.34	-0.17	0.25
Current Deferred Revenue	0.6	0.08	0.59	0.62	-0.06	-0.83	-0.11	0.07	0.62	0.07	0.51	0.17	-0.02	0.37	0.62	0.08	0.25		-0.72	-0.04	-0.44	0.28	0.44	0.22	0.66	-0.32
Short Term Investments	-0.22	-0.54	-0.21	-0.19	0.11	0.35	-0.52	-0.11	-0.19	-0.11	-0.07	-0.36	0.15	-0.69	-0.19	-0.12	-0.15	-0.72		0.06	0.04	-0.21	-0.35	-0.1	-0.28	-0.07
Short Term Debt	-0.1	0.22	-0.1	-0.07	0.12	-0.08	-0.07	-0.12	-0.07	-0.12	0.02	-0.24	-0.16	-0.07	-0.07	-0.12	-0.23	-0.04	0.06		0.38	-0.06	-0.36	0.24	-0.11	0.08
Net Receivables	-0.3	0.29	-0.3	-0.36	-0.12	0.46	0.41	0.11	-0.36	0.11	-0.3	0.05	-0.2	-0.26	-0.36	0.11	-0.32	-0.44	0.04	0.38		-0.05	-0.72	-0.18	-0.33	0.14
Inventory	0.51	-0.01	0.51	0.26	-0.86	-0.42	-0.07	0.86	0.26	0.86	0.44	0.75	0.3	-0.12	0.26	0.86	-0.02	0.28	-0.21	-0.06	-0.05		-0.19	-0.27	0.54	0.09
Non Current Liabilities Total	-0.04	-0.14	-0.05	0.05	0.29	-0.16	-0.06	-0.27	0.05	-0.27	-0.14	0.02	-0.05	0.58	0.05	-0.27	0.17	0.44	-0.35	-0.36	-0.72	-0.19		0.48	0.01	-0.03
Short Long Term Debt Total	-0.38	0.16	-0.39	-0.28	0.41	-0.17	-0.21	-0.4	-0.28	-0.4	-0.31	-0.42	-0.04	0.47	-0.28	-0.4	0.34	0.22	-0.1	0.24	-0.18	-0.27	0.48		-0.35	0.28
Net Tangible Assets	0.99	-0.37	0.99	0.94	-0.38	-0.75	-0.26	0.39	0.94	0.39	0.94	0.3	-0.01	-0.3	0.94	0.39	-0.17	0.66	-0.28	-0.11	-0.33	0.54	0.01	-0.35		-0.61
Long Term Investments	-0.65	0.49	-0.65	-0.73	-0.11	0.29	0.28	0.09	-0.73	0.08	-0.63	0.06	0.19	0.42	-0.73	0.08	0.25	-0.32	-0.07	0.08	0.14	0.09	-0.03	0.28	-0.61

Click cells to compare fundamentals

Freegold Ventures Account Relationship Matchups

Freegold Ventures fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.6M	74.0M	74.4M	77.4M	90.4M	94.9M
Total Current Liabilities	1.1M	542.3K	542.2K	469.3K	221.1K	210.1K
Total Stockholder Equity	38.2M	73.2M	73.5M	76.5M	89.7M	94.2M
Property Plant And Equipment Net	38.3M	43.9M	60.2M	76.6M	88.2M	92.6M
Net Debt	(1.1M)	(29.6M)	(13.7M)	(565.1K)	(1.9M)	(2.0M)
Retained Earnings	(65.8M)	(67.1M)	(69.3M)	(70.1M)	(73.2M)	(69.6M)
Accounts Payable	181.2K	207.7K	306.7K	376.6K	134.5K	127.8K
Cash	1.2M	29.7M	13.8M	693.2K	2.0M	3.2M
Non Current Assets Total	38.3M	43.9M	60.2M	76.6M	88.2M	92.6M
Cash And Short Term Investments	1.2M	29.7M	13.8M	693.2K	2.0M	3.3M
Common Stock Shares Outstanding	199.0M	265.0M	335.4M	351.8M	393.6M	413.3M
Liabilities And Stockholders Equity	39.6M	74.0M	74.4M	77.4M	90.4M	94.9M
Other Current Assets	115.3K	407.6K	389.5K	113.55	190.3K	117.7K
Total Liab	1.4M	792.3K	928.7K	926.9K	658.0K	625.1K
Property Plant And Equipment Gross	38.3M	43.9M	60.3M	76.8M	88.3M	92.7M
Total Current Assets	1.3M	30.1M	14.2M	806.8K	2.2M	3.4M
Accumulated Other Comprehensive Income	17.3M	32.8M	34.2M	31.1M	37.1M	38.9M
Other Current Liab	856.9K	138.7K	205.1K	64.2K	57.5K	54.6K
Short Term Debt	50.9K	37.5K	30.4K	28.5K	29.2K	27.7K
Net Receivables	21.8K	41.3K	22.7K	19.7K	17.8K	27.8K
Non Current Liabilities Total	275.7K	250K	386.6K	457.6K	436.9K	520.2K
Short Long Term Debt Total	86.9K	37.5K	167.0K	128.1K	99.9K	94.9K
Net Tangible Assets	37.1M	38.2M	73.2M	73.5M	84.5M	88.7M
Common Stock	86.7M	107.5M	108.6M	115.5M	125.8M	88.3M
Property Plant Equipment	38.3M	43.9M	60.2M	76.6M	88.1M	92.5M
Other Liab	220.7K	230.0K	239.8K	250K	225K	416.4K
Cash And Equivalents	1.2M	29.6M	13.8M	653.4K	751.4K	713.8K
Net Invested Capital	38.2M	73.2M	73.5M	76.5M	87.9M	61.5M
Net Working Capital	194.5K	29.5M	13.7M	337.5K	388.2K	368.8K
Capital Stock	86.7M	107.5M	108.6M	115.5M	132.8M	110.9M

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

0.78	ORE	Orezone Gold Corp	Pair Corr
0.82	INFM	Infinico Metals Corp	Pair Corr

Moving against Freegold Stock

0.88	FFH	Fairfax Financial	Pair Corr
0.86	TCS	TECSYS Inc	Pair Corr
0.84	EIT-UN	Canoe EIT Income	Pair Corr
0.83	ERE-UN	European Residential Real	Pair Corr
0.82	ENS-PA	E Split Corp	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Freegold Stock

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

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Freegold Average Inventory vs Net Income Per Share Analysis

Average Inventory vs Net Income Per Share

Average Inventory vs Net Income Per Share Correlation Analysis

Correlation Coefficient

Average Inventory

Net Income Per Share

Freegold Ventures fundamental ratios Correlations

Freegold Ventures Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Freegold Ventures fundamental ratios Accounts

Pair Trading with Freegold Ventures

Moving together with Freegold Stock

Moving against Freegold Stock

Other Information on Investing in Freegold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Inventory	- 0.86	Net Debt
Current Deferred Revenue	- 0.83	Retained Earnings
Net Tangible Assets	- 0.75	Retained Earnings