Jaguar Days Of Inventory On Hand vs Average Inventory Analysis

JAG Stock  CAD 2.23  0.04  1.76%   
Jaguar Mining financial indicator trend analysis is infinitely more than just investigating Jaguar Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jaguar Mining is a good investment. Please check the relationship between Jaguar Mining Days Of Inventory On Hand and its Average Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jaguar 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.

Days Of Inventory On Hand vs Average Inventory

Days Of Inventory On Hand vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jaguar Mining Days Of Inventory On Hand account and Average Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jaguar Mining's Days Of Inventory On Hand and Average Inventory is 0.7. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Jaguar Mining, assuming nothing else is changed. The correlation between historical values of Jaguar Mining's Days Of Inventory On Hand and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Jaguar Mining are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Days Of Inventory On Hand i.e., Jaguar Mining's Days Of Inventory On Hand and Average Inventory go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Days Of Inventory On Hand

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 indicators from Jaguar Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jaguar 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jaguar 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, Jaguar Mining's Selling General Administrative is very stable compared to the past year. As of the 24th of December 2024, Enterprise Value Over EBITDA is likely to grow to 2.05, though Tax Provision is likely to grow to (945.2 K).
 2021 2022 2023 2024 (projected)
Total Operating Expenses13.8M19.0M35.2M18.5M
Cost Of Revenue91.4M104.4M80.1M80.6M

Jaguar Mining fundamental ratios Correlations

0.70.370.270.430.990.590.160.910.71.00.830.7-0.130.89-0.290.190.810.380.890.110.46-0.470.720.930.79
0.70.520.77-0.320.70.990.160.520.210.720.810.21-0.60.67-0.27-0.240.97-0.060.470.690.15-0.160.550.770.82
0.370.520.61-0.160.380.55-0.410.14-0.10.390.48-0.1-0.190.14-0.040.230.490.090.180.550.58-0.590.310.60.45
0.270.770.61-0.590.280.8-0.240.09-0.080.290.35-0.08-0.380.090.06-0.070.7-0.080.120.990.16-0.20.230.470.37
0.43-0.32-0.16-0.590.43-0.430.050.480.620.40.10.620.660.32-0.090.66-0.140.710.53-0.680.3-0.40.230.26-0.03
0.990.70.380.280.430.60.180.870.671.00.820.67-0.110.88-0.310.210.810.440.860.130.45-0.450.690.920.76
0.590.990.550.8-0.430.60.140.390.040.630.770.04-0.640.59-0.24-0.290.93-0.120.330.730.11-0.110.50.690.78
0.160.16-0.41-0.240.050.180.140.140.160.180.240.16-0.370.44-0.81-0.590.160.010.07-0.26-0.640.730.080.010.25
0.910.520.140.090.480.870.390.140.810.870.710.81-0.140.86-0.150.140.670.240.96-0.060.39-0.440.710.830.72
0.70.21-0.1-0.080.620.670.040.160.810.640.321.00.180.58-0.220.260.360.40.91-0.190.27-0.330.350.560.33
1.00.720.390.290.41.00.630.180.870.640.860.64-0.150.9-0.310.170.830.380.850.140.45-0.450.720.930.8
0.830.810.480.350.10.820.770.240.710.320.860.32-0.490.9-0.39-0.060.870.050.610.210.23-0.320.690.860.94
0.70.21-0.1-0.080.620.670.040.160.811.00.640.320.190.58-0.220.260.360.40.91-0.190.27-0.330.350.560.32
-0.13-0.6-0.19-0.380.66-0.11-0.64-0.37-0.140.18-0.15-0.490.19-0.390.340.78-0.520.66-0.01-0.370.21-0.3-0.2-0.23-0.61
0.890.670.140.090.320.880.590.440.860.580.90.90.58-0.39-0.44-0.110.770.140.77-0.060.15-0.20.720.80.87
-0.29-0.27-0.040.06-0.09-0.31-0.24-0.81-0.15-0.22-0.31-0.39-0.220.34-0.440.37-0.27-0.11-0.170.110.36-0.41-0.07-0.25-0.32
0.19-0.240.23-0.070.660.21-0.29-0.590.140.260.17-0.060.260.78-0.110.37-0.120.70.24-0.130.53-0.740.070.22-0.26
0.810.970.490.7-0.140.810.930.160.670.360.830.870.36-0.520.77-0.27-0.120.050.630.590.21-0.270.660.870.86
0.38-0.060.09-0.080.710.44-0.120.010.240.40.380.050.40.660.14-0.110.70.050.33-0.140.2-0.310.120.31-0.11
0.890.470.180.120.530.860.330.070.960.910.850.610.91-0.010.77-0.170.240.630.33-0.020.43-0.510.650.820.63
0.110.690.550.99-0.680.130.73-0.26-0.06-0.190.140.21-0.19-0.37-0.060.11-0.130.59-0.14-0.020.1-0.110.10.320.24
0.460.150.580.160.30.450.11-0.640.390.270.450.230.270.210.150.360.530.210.20.430.1-0.850.260.480.22
-0.47-0.16-0.59-0.2-0.4-0.45-0.110.73-0.44-0.33-0.45-0.32-0.33-0.3-0.2-0.41-0.74-0.27-0.31-0.51-0.11-0.85-0.38-0.57-0.23
0.720.550.310.230.230.690.50.080.710.350.720.690.35-0.20.72-0.070.070.660.120.650.10.26-0.380.770.73
0.930.770.60.470.260.920.690.010.830.560.930.860.56-0.230.8-0.250.220.870.310.820.320.48-0.570.770.81
0.790.820.450.37-0.030.760.780.250.720.330.80.940.32-0.610.87-0.32-0.260.86-0.110.630.240.22-0.230.730.81
Click cells to compare fundamentals

Jaguar Mining Account Relationship Matchups

Jaguar Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets200.9M249.8M270.0M288.1M309.1M222.1M
Short Long Term Debt Total8.6M5.8M6.9M7.0M5.8M5.5M
Other Current Liab11.3M10.7M15.1M12.5M14.8M10.3M
Total Current Liabilities30.5M31.3M30.8M35.1M33.4M44.2M
Total Stockholder Equity128.6M189.7M211.4M217.0M240.3M252.3M
Property Plant And Equipment Net137.4M170.5M196.3M225.8M250.9M167.9M
Net Debt(2.3M)(33.1M)(33.5M)(18.2M)(16.2M)(15.4M)
Retained Earnings(465.8M)(402.4M)(382.1M)(377.6M)(361.8M)(343.7M)
Accounts Payable10.4M11.6M10.4M14.2M10.6M10.4M
Cash10.9M38.9M40.4M25.2M22.0M23.5M
Non Current Assets Total161.0M189.3M207.2M233.6M263.1M181.6M
Non Currrent Assets Other15.1M10.4M10.9M7.8M12.2M19.9M
Cash And Short Term Investments10.9M38.9M40.4M25.2M22.0M23.7M
Common Stock Shares Outstanding52.8M73.4M73.4M73.5M75.5M79.3M
Liabilities And Stockholders Equity200.9M249.8M270.0M288.1M309.1M222.1M
Non Current Liabilities Total41.8M28.8M27.7M36.0M35.4M60.3M
Other Current Assets16.3M9.0M7.9M13.1M8.3M8.2M
Other Stockholder Equity20.9M21.0M23.5M23.8M28.0M31.4M
Total Liab72.3M60.1M58.6M71.1M68.8M104.3M
Property Plant And Equipment Gross137.4M170.5M782.5M828.0M874.2M917.9M
Total Current Assets40.0M60.4M62.8M54.6M46.0M47.0M
Accumulated Other Comprehensive Income2.5M2.8M3.2M4.2M4.2M4.4M
Short Term Debt7.6M4.6M4.5M5.5M5.2M5.0M
Net Receivables13.2M5.0M5.2M8.9M5.9M10.1M
Inventory12.7M12.5M14.5M16.2M15.6M16.6M
Other Assets15.1M(1K)10.9M517K465.3K442.0K
Common Stock570.9M565.7M566.9M566.7M574M528.5M
Common Stock Total Equity545.7M546.3M570.9M565.7M650.6M511.8M
Other Liab40.8M27.6M25.3M34.5M39.7M30.9M
Net Tangible Assets128.6M189.7M211.4M217.0M249.6M133.8M
Short Long Term Debt5.6M3.1M3.0M3.0M3.3M3.1M
Property Plant Equipment137.4M170.5M196.3M225.8M203.2M142.9M
Long Term Debt Total969K1.2M2.4M1.6M1.4M1.3M
Capital Surpluse20.9M21.0M23.5M23.8M27.3M23.7M
Capital Lease Obligations3.0M2.7M3.9M4.0M2.5M3.0M

Pair Trading with Jaguar 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 Jaguar 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 Jaguar Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Jaguar Stock

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Moving against Jaguar Stock

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  0.73AAPL Apple Inc CDRPairCorr
  0.54ARX ARC ResourcesPairCorr
The ability to find closely correlated positions to Jaguar 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 Jaguar 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 Jaguar 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 Jaguar Mining to buy it.
The correlation of Jaguar 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 Jaguar Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaguar 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 Jaguar 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 Jaguar Stock

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