Orla Total Assets vs Common Stock Analysis
OLA Stock | CAD 7.96 0.03 0.38% |
Orla Mining financial indicator trend analysis is much more than just breaking down Orla Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orla Mining is a good investment. Please check the relationship between Orla Mining Total Assets and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orla 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. To learn how to invest in Orla Stock, please use our How to Invest in Orla Mining guide.
Total Assets vs Common Stock
Total Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orla Mining Total Assets account and Common Stock. At this time, the significance of the direction appears to have totally related.
The correlation between Orla Mining's Total Assets and Common Stock is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Orla Mining, assuming nothing else is changed. The correlation between historical values of Orla Mining's Total Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Orla Mining are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Assets i.e., Orla Mining's Total Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Orla Mining assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Orla Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Common Stock
Most indicators from Orla Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orla 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orla 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. To learn how to invest in Orla Stock, please use our How to Invest in Orla Mining guide.At this time, Orla Mining's Selling General Administrative is very stable compared to the past year. As of the 13th of December 2024, Issuance Of Capital Stock is likely to grow to about 24.5 M, while Tax Provision is likely to drop about 24.7 M.
Orla Mining fundamental ratios Correlations
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Orla Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orla Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 150.3M | 239.2M | 364.9M | 613.8M | 535.8M | 562.6M | |
Total Current Liabilities | 2.4M | 7.7M | 37.8M | 97.8M | 28.7M | 30.1M | |
Total Stockholder Equity | 124.6M | 160.6M | 184.4M | 397.0M | 400.5M | 420.6M | |
Net Debt | (394.3K) | (1.8M) | 142.2M | 52.7M | (5.4M) | (5.1M) | |
Accounts Payable | 489.2K | 2.6M | 6.0M | 6.7M | 5.7M | 6.0M | |
Cash | 23.0M | 72.2M | 20.5M | 96.3M | 96.6M | 101.5M | |
Cash And Short Term Investments | 23.0M | 72.2M | 20.5M | 96.3M | 96.6M | 101.5M | |
Net Receivables | 93.4K | 204K | 17.1M | 9.0M | 16.0M | 16.7M | |
Common Stock Shares Outstanding | 182.6M | 217.1M | 241.4M | 292.8M | 311.5M | 327.1M | |
Liabilities And Stockholders Equity | 150.3M | 239.2M | 364.9M | 613.8M | 535.8M | 562.6M | |
Other Stockholder Equity | (1.0M) | 32.9M | 31.7M | 22.4M | (1.0) | (0.95) | |
Total Liab | 25.8M | 78.6M | 180.5M | 216.8M | 135.2M | 142.0M | |
Total Current Assets | 23.1M | 73.1M | 48.3M | 132.9M | 145.2M | 152.4M | |
Short Term Debt | 23.7K | 131K | 25.7M | 45.8M | 915K | 869.3K | |
Other Current Liab | 1.9M | 5.0M | 6.1M | 42.1M | 18.0M | 18.8M | |
Retained Earnings | (64.1M) | (90.3M) | (116.5M) | (70.8M) | (97.8M) | (92.9M) | |
Inventory | (140.6K) | (454.6K) | 9.7M | 22.4M | 29.5M | 30.9M | |
Other Current Assets | 662K | 1.2M | 1.1M | 5.1M | 3.1M | 3.3M | |
Non Current Assets Total | 127.2M | 166.1M | 316.6M | 481.0M | 390.6M | 410.1M | |
Non Currrent Assets Other | 1.8M | 7.8M | 7.8M | 11.4M | 7.6M | 7.9M | |
Other Assets | 509K | 11.4M | 12.4M | 13.8M | 15.9M | 16.7M | |
Common Stock Total Equity | 138.7M | 147.6M | 159.4M | 217.9M | 250.6M | 263.2M | |
Common Stock | 159.4M | 217.9M | 269.2M | 445.3M | 474.4M | 498.1M | |
Property Plant And Equipment Net | 125.4M | 154.7M | 304.1M | 467.2M | 381.7M | 400.8M | |
Property Plant And Equipment Gross | 125.4M | 154.7M | 305.2M | 489.6M | 436.1M | 457.9M | |
Accumulated Other Comprehensive Income | 29.3M | 32.9M | 31.7M | 22.4M | 23.9M | 15.4M | |
Non Current Liabilities Total | 23.4M | 70.9M | 142.7M | 119.1M | 106.6M | 57.2M | |
Net Tangible Assets | 125.2M | 160.6M | 184.4M | 397.0M | 456.5M | 479.4M | |
Property Plant Equipment | 125.9M | 154.7M | 304.1M | 467.2M | 537.2M | 564.1M | |
Long Term Debt Total | 4.6M | 22.7M | 70.3M | 137.1M | 157.7M | 165.5M | |
Long Term Debt | 22.6M | 70.1M | 136.1M | 100.8M | 88.4M | 66.4M | |
Net Invested Capital | 147.1M | 230.7M | 345.8M | 542.8M | 488.9M | 318.2M | |
Net Working Capital | 20.7M | 65.4M | 10.6M | 35.1M | 116.5M | 122.3M | |
Short Long Term Debt Total | 22.7M | 70.4M | 162.8M | 149.0M | 91.3M | 91.8M | |
Other Liab | 836K | 610K | 28.4M | 15.9M | 18.3M | 10.2M | |
Capital Stock | 159.4M | 217.9M | 269.2M | 445.3M | 474.4M | 314.2M |
Pair Trading with Orla 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 Orla 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 Orla Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Orla Stock
The ability to find closely correlated positions to Orla 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 Orla 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 Orla 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 Orla Mining to buy it.
The correlation of Orla 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 Orla Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orla 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 Orla 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orla 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. To learn how to invest in Orla Stock, please use our How to Invest in Orla Mining guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.