Orezone Historical Financial Ratios
| ORE Stock | 0.64 0.01 1.54% |
Orezone Gold is promptly reporting on over 93 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 1.36 will help investors to properly organize and evaluate Orezone Gold Corp financial condition quickly.
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About Orezone Financial Ratios Analysis
Orezone Gold CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orezone Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Orezone financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orezone Gold history.
Orezone Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Orezone Gold Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Orezone Gold sales, a figure that is much harder to manipulate than other Orezone Gold Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Orezone Gold Corp dividend as a percentage of Orezone Gold stock price. Orezone Gold Corp dividend yield is a measure of Orezone Gold stock productivity, which can be interpreted as interest rate earned on an Orezone Gold investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Orezone Gold Corp. There are two different methods for calculating Orezone Gold Corp invested capital: operating approach and financing approach. Understanding Orezone Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Most ratios from Orezone Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Orezone Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Orezone 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, Orezone Gold's Inventory Turnover is very stable compared to the past year. As of the 13th of December 2024, Net Income Per Share is likely to grow to 0.13, while Price To Sales Ratio is likely to drop 0.81.
| 2023 | 2024 (projected) | Days Sales Outstanding | 1.43 | 1.36 | PTB Ratio | 1.55 | 1.47 |
Orezone Gold fundamentals Correlations
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Orezone Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Orezone 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 Orezone 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 Orezone Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Orezone Stock
| 0.79 | WCN | Waste Connections | PairCorr |
| 0.76 | FFH | Fairfax Financial | PairCorr |
| 0.66 | FSV | FirstService Corp | PairCorr |
| 0.65 | CSU | Constellation Software | PairCorr |
| 0.48 | BYD | Boyd Group Services | PairCorr |
The ability to find closely correlated positions to Orezone 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 Orezone 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 Orezone 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 Orezone Gold Corp to buy it.
The correlation of Orezone 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 Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone Gold Corp 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 Orezone 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.Other Information on Investing in Orezone Stock
Orezone Gold CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orezone Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Orezone financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orezone Gold history.