IAU Other Stockholder Equity vs Property Plant And Equipment Net Analysis
IAU Stock | 0.83 0.02 2.47% |
I 80 financial indicator trend analysis is infinitely more than just investigating i 80 Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether i 80 Gold is a good investment. Please check the relationship between I 80 Other Stockholder Equity and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in i 80 Gold Corp. 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.
Other Stockholder Equity vs Property Plant And Equipment Net
Other Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of i 80 Gold Other Stockholder Equity account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between I 80's Other Stockholder Equity and Property Plant And Equipment Net is 0.51. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of i 80 Gold Corp, assuming nothing else is changed. The correlation between historical values of I 80's Other Stockholder Equity and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of i 80 Gold Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Stockholder Equity i.e., I 80's Other Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Stockholder Equity
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from I 80's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into i 80 Gold 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in i 80 Gold Corp. 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, I 80's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to about 51.9 M, while Discontinued Operations is likely to drop about 11.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 24.0M | 65.4M | 73.7M | 38.6M | Cost Of Revenue | 387K | 33.4M | 60.1M | 63.1M |
I 80 fundamental ratios Correlations
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I 80 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
I 80 fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 162.3M | 0.78 | 656.3M | 642.0M | 723.7M | 391.2M | |
Short Long Term Debt Total | 70.7M | 70.6M | 41.4M | 115.9M | 180.3M | 97.4M | |
Other Current Liab | 78.4M | 151.3M | 15.8M | 53.7M | 1.2M | 1.1M | |
Total Current Liabilities | 98.5M | 151.5M | 29.9M | 85.6M | 60.9M | 67.6M | |
Total Stockholder Equity | (14.1M) | 0.78 | 407.0M | 333.4M | 426.3M | 447.6M | |
Property Plant And Equipment Net | 94.7M | 100.2M | 502.6M | 529.3M | 519.1M | 292.8M | |
Net Debt | 44.5M | 70.6M | (46.2M) | 67.6M | 164.0M | 172.2M | |
Retained Earnings | (31.1M) | (33.9M) | 43.1M | (36.1M) | (82.3M) | (78.2M) | |
Accounts Payable | 20.1M | 113K | 8.5M | 10.6M | 12.8M | 8.9M | |
Cash | 26.2M | 0.78 | 87.7M | 48.3M | 16.3M | 30.0M | |
Non Current Assets Total | 103.3M | 100.2M | 534.9M | 564.7M | 683.9M | 718.1M | |
Non Currrent Assets Other | 8.6M | (100.2M) | 32.2M | 35.4M | 164.8M | 173.0M | |
Cash And Short Term Investments | 26.2M | 0.78 | 87.7M | 48.3M | 16.3M | 30.0M | |
Net Receivables | 27.5M | 10.3M | 393K | 623K | 4.3M | 4.1M | |
Liabilities And Stockholders Equity | 162.3M | 0.78 | 656.3M | 642.0M | 723.7M | 391.2M | |
Non Current Liabilities Total | 77.9M | 105K | 219.5M | 222.9M | 236.6M | 143.6M | |
Inventory | 4.2M | 4.4M | 26M | 16.5M | 11.4M | 10.5M | |
Other Current Assets | 938.0K | 4.5M | 2.7M | 6.3M | 3.2M | 4.3M | |
Total Liab | 176.4M | 159.8M | 249.4M | 308.5M | 297.4M | 237.8M | |
Total Current Assets | 58.9M | 0.78 | 121.5M | 77.3M | 39.8M | 53.2M | |
Accumulated Other Comprehensive Income | 6.8M | 7.1M | 13.7M | 15.0M | 19.3M | 11.6M | |
Other Assets | 8.6M | (100.2M) | 32.2M | 35.4M | 40.7M | 42.7M | |
Property Plant Equipment | 94.7M | 100.2M | 502.6M | 529.3M | 608.7M | 639.1M |
Pair Trading with I 80
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 I 80 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 I 80 will appreciate offsetting losses from the drop in the long position's value.Moving together with IAU Stock
Moving against IAU Stock
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0.83 | WCN | Waste Connections | PairCorr |
0.75 | CSU | Constellation Software | PairCorr |
0.67 | FSV | FirstService Corp | PairCorr |
0.52 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to I 80 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I 80 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 I 80 - 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 i 80 Gold Corp to buy it.
The correlation of I 80 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 I 80 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if i 80 Gold 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 I 80 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in i 80 Gold Corp. 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. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.