Lundin Other Stockholder Equity vs Retained Earnings Analysis

LUG Stock  CAD 31.38  0.54  1.69%   
Lundin Gold financial indicator trend analysis is infinitely more than just investigating Lundin Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lundin Gold is a good investment. Please check the relationship between Lundin Gold Other Stockholder Equity and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. 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 Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lundin Gold Other Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Lundin Gold's Other Stockholder Equity and Retained Earnings is -0.17. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Lundin Gold, assuming nothing else is changed. The correlation between historical values of Lundin Gold's Other Stockholder Equity and Retained Earnings 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 Lundin Gold are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Stockholder Equity i.e., Lundin Gold's Other Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Lundin Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lundin 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. 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, Lundin Gold's Selling General Administrative is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Over EBITDA is likely to grow to 6.90, while Tax Provision is likely to drop about 63.7 M.

Lundin Gold fundamental ratios Correlations

0.790.880.930.970.61-0.50.790.840.960.530.840.870.960.820.910.40.940.980.890.720.240.660.890.860.39
0.790.650.910.70.07-0.020.610.830.680.060.830.850.80.390.770.570.590.840.870.190.110.390.890.480.41
0.880.650.810.80.48-0.290.530.870.80.310.870.850.790.630.890.010.840.850.920.660.160.830.880.640.26
0.930.910.810.830.29-0.250.690.920.830.310.920.890.920.580.860.440.760.920.940.450.240.560.940.690.46
0.970.70.80.830.73-0.630.80.721.00.650.720.780.930.90.870.420.970.970.790.830.340.60.780.930.45
0.610.070.480.290.73-0.890.620.150.750.840.150.330.560.930.490.10.820.570.250.930.170.470.270.820.08
-0.5-0.02-0.29-0.25-0.63-0.89-0.65-0.01-0.65-0.82-0.01-0.18-0.55-0.81-0.38-0.17-0.67-0.45-0.1-0.82-0.39-0.37-0.19-0.81-0.29
0.790.610.530.690.80.62-0.650.50.80.50.50.550.860.780.710.660.780.780.550.580.270.570.640.750.39
0.840.830.870.920.720.15-0.010.50.710.131.00.840.780.430.840.310.670.830.970.360.180.630.890.530.37
0.960.680.80.831.00.75-0.650.80.710.680.710.780.930.910.860.420.980.970.780.830.330.60.780.940.44
0.530.060.310.310.650.84-0.820.50.130.680.130.350.520.820.260.130.680.480.20.80.340.260.230.830.24
0.840.830.870.920.720.15-0.010.51.00.710.130.840.780.430.840.310.670.830.970.360.180.630.890.530.37
0.870.850.850.890.780.33-0.180.550.840.780.350.840.820.560.750.220.760.870.930.460.140.620.940.620.34
0.960.80.790.920.930.56-0.550.860.780.930.520.780.820.780.870.470.890.950.830.650.290.610.890.850.45
0.820.390.630.580.90.93-0.810.780.430.910.820.430.560.780.690.360.940.790.510.910.250.520.520.920.22
0.910.770.890.860.870.49-0.380.710.840.860.260.840.750.870.690.380.860.920.880.610.170.710.840.730.33
0.40.570.010.440.420.1-0.170.660.310.420.130.310.220.470.360.380.310.460.270.040.14-0.040.260.370.31
0.940.590.840.760.970.82-0.670.780.670.980.680.670.760.890.940.860.310.920.750.880.210.680.740.910.28
0.980.840.850.920.970.57-0.450.780.830.970.480.830.870.950.790.920.460.920.90.690.290.610.890.830.47
0.890.870.920.940.790.25-0.10.550.970.780.20.970.930.830.510.880.270.750.90.440.160.670.950.590.36
0.720.190.660.450.830.93-0.820.580.360.830.80.360.460.650.910.610.040.880.690.440.370.550.430.850.3
0.240.110.160.240.340.17-0.390.270.180.330.340.180.140.290.250.170.140.210.290.160.370.150.190.380.89
0.660.390.830.560.60.47-0.370.570.630.60.260.630.620.610.520.71-0.040.680.610.670.550.150.680.520.19
0.890.890.880.940.780.27-0.190.640.890.780.230.890.940.890.520.840.260.740.890.950.430.190.680.60.4
0.860.480.640.690.930.82-0.810.750.530.940.830.530.620.850.920.730.370.910.830.590.850.380.520.60.43
0.390.410.260.460.450.08-0.290.390.370.440.240.370.340.450.220.330.310.280.470.360.30.890.190.40.43
Click cells to compare fundamentals

Lundin Gold Account Relationship Matchups

Lundin Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.5B1.7B1.7B1.5B1.5B
Other Current Liab33.5M39.6M54.4M59.4M121.8M127.9M
Total Current Liabilities116.4M232.4M311.0M440.5M187.0M196.4M
Total Stockholder Equity466.8M586.9M814.5M852.1M955.8M1.0B
Property Plant And Equipment Net1.2B1.1B1.0B964.8M878.9M922.9M
Net Debt802.9M749.7M450.3M276.1M(51.4M)(48.8M)
Retained Earnings(355.0M)(402.1M)(180.7M)(154.2M)(69.6M)(73.1M)
Accounts Payable25.3M14.2M13.6M14.3M16.8M17.6M
Cash75.7M79.6M262.6M363.4M268.0M281.4M
Non Current Assets Total1.3B1.2B1.2B1.0B934.3M981.0M
Other Assets94.1M113.1M114.7M16.5M19.0M18.0M
Cash And Short Term Investments75.7M79.6M262.6M363.4M268.0M281.4M
Common Stock Shares Outstanding221.2M227.5M234.6M236.7M239.2M251.1M
Liabilities And Stockholders Equity1.4B1.5B1.7B1.7B1.5B1.5B
Non Current Liabilities Total825.8M686.1M559.6M376.3M325.4M168.6M
Other Current Assets52.6M56.5M32.4M95.7M60.0M63.0M
Other Stockholder Equity9.5M12.1M14.1M1.014.5M12.4M
Total Liab942.1M918.5M870.6M816.8M512.4M538.0M
Property Plant And Equipment Gross1.2B1.1B1.2B1.2B1.2B1.3B
Total Current Assets149.2M289.0M528.2M635.3M533.9M560.6M
Accumulated Other Comprehensive Income(92.2M)22.5M6.9M2.6M2.0M2.1M
Short Long Term Debt Total878.6M829.3M712.9M639.5M216.6M205.8M
Short Term Debt57.6M178.6M188.2M345.4M59.6M104.7M
Non Currrent Assets Other94.1M113.1M83.5M68.7M55.4M63.5M
Common Stock Total Equity460.9M857.3M899.9M951.7M1.1B561.0M
Common Stock899.9M951.7M974.7M989.8M1.0B693.3M
Net Tangible Assets466.8M586.9M814.5M852.1M979.9M1.0B
Other Liab4.8M7.6M7.8M53.7M61.7M64.8M
Property Plant Equipment1.2B1.1B1.0B964.8M1.1B748.4M
Long Term Debt Total821.0M650.7M524.7M298.3M343.0M452.1M
Cash And Equivalents167.5M75.7M79.6M262.6M302.0M317.1M
Long Term Debt821.0M678.5M528.3M298.3M216.6M357.1M
Net Invested Capital1.3B1.4B1.4B1.2B1.2B1.3B
Net Working Capital32.8M56.6M217.2M194.8M346.9M364.2M
Capital Stock899.9M951.7M974.7M989.8M1.0B1.0B

Pair Trading with Lundin Gold

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 Lundin Gold 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 Lundin Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lundin Stock

  0.72AG First Majestic SilverPairCorr
  0.64IE Ivanhoe EnergyPairCorr

Moving against Lundin Stock

  0.47INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Lundin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Gold 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 Lundin Gold - 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 Lundin Gold to buy it.
The correlation of Lundin Gold 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 Lundin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin 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 Lundin Gold 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 Lundin Stock

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