Orezone Capex To Revenue vs Book Value Per Share Analysis
ORE Stock | 0.64 0.01 1.54% |
Orezone Gold financial indicator trend analysis is much more than just breaking down Orezone Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orezone Gold Corp is a good investment. Please check the relationship between Orezone Gold Capex To Revenue and its Book Value Per Share accounts. 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.
Capex To Revenue vs Book Value Per Share
Capex To Revenue vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orezone Gold Corp Capex To Revenue account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orezone Gold's Capex To Revenue and Book Value Per Share is -0.02. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Orezone Gold Corp, assuming nothing else is changed. The correlation between historical values of Orezone Gold's Capex To Revenue and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Orezone Gold Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Capex To Revenue i.e., Orezone Gold's Capex To Revenue and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.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.Most indicators from Orezone Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Tax Provision 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 21.2 M, while Selling General Administrative is likely to drop about 5.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 28.8K | 1.7M | 14.9M | 15.6M | Depreciation And Amortization | 85.4K | 2.9M | 29.6M | 31.1M |
Orezone Gold fundamental ratios Correlations
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Orezone Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orezone Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 16.8M | 13.0M | 140.5M | 252.3M | 320.1M | 336.1M | |
Total Current Liabilities | 3.7M | 3.1M | 19.4M | 73.8M | 83.4M | 87.6M | |
Total Stockholder Equity | 20.9M | 19.7M | 64.0M | 79.1M | 148.9M | 156.3M | |
Property Plant And Equipment Net | 3.1M | 2.6M | 97.3M | 183.3M | 193.2M | 202.8M | |
Net Debt | (11.6M) | (8.7M) | 10.3M | 113.7M | 73.9M | 77.6M | |
Retained Earnings | (197.1M) | (214.8M) | (233.4M) | (232.4M) | (189.3M) | (179.8M) | |
Accounts Payable | 3.7M | 677.4K | 6.3M | 17.5M | 21.8M | 22.9M | |
Cash | 11.9M | 8.9M | 36.1M | 9.2M | 19.5M | 16.8M | |
Non Current Assets Total | 3.6M | 3.3M | 101.4M | 221.1M | 267.2M | 280.5M | |
Cash And Short Term Investments | 11.9M | 8.9M | 36.1M | 9.2M | 19.5M | 16.8M | |
Net Receivables | 46.7K | 30.5K | 313.4K | 5.4M | 925K | 971.3K | |
Common Stock Shares Outstanding | 212.6M | 248.7M | 317.9M | 346.7M | 368.3M | 386.7M | |
Liabilities And Stockholders Equity | 16.8M | 13.0M | 140.5M | 252.3M | 320.1M | 336.1M | |
Non Current Liabilities Total | 230.8K | 167.6K | 67.3M | 108.2M | 90.3M | 94.8M | |
Other Current Assets | 821.1K | 222.5K | 2.4M | 4.0M | 18.8M | 19.8M | |
Other Stockholder Equity | 19.8M | 16.9M | 23.7M | 30.2M | 30.6M | 52.8M | |
Total Liab | 3.9M | 3.3M | 86.6M | 182.0M | 173.7M | 182.4M | |
Total Current Assets | 13.2M | 9.6M | 39.1M | 31.2M | 52.9M | 55.6M | |
Accumulated Other Comprehensive Income | 19.8M | 21.9M | 29.2M | 489.1K | 682K | 647.9K | |
Inventory | 471.4K | 507.7K | 357.0K | 12.7M | 13.7M | 14.3M | |
Common Stock | 198.2M | 212.5M | 268.2M | 280.9M | 306.9M | 212.7M | |
Long Term Debt Total | 230.8K | 167.6K | 46.3M | 89.7M | 103.1M | 108.3M | |
Property Plant Equipment | 3.1M | 2.6M | 97.3M | 183.3M | 210.8M | 221.4M | |
Net Tangible Assets | 20.9M | 19.7M | 64.0M | 79.1M | 91.0M | 48.9M | |
Net Invested Capital | 20.9M | 19.7M | 109.8M | 201.0M | 241.4M | 253.5M | |
Long Term Investments | 516.2K | 791.0K | 403.1K | 307.0K | 36K | 34.2K | |
Capital Stock | 198.2M | 212.5M | 268.2M | 280.9M | 306.9M | 268.3M | |
Net Working Capital | 9.5M | 6.5M | 19.8M | (42.6M) | (30.5M) | (29.0M) |
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
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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
Balance Sheet is a snapshot of the financial position of Orezone Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Orezone Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Orezone 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 Orezone currently owns. An asset can also be divided into two categories, current and non-current.