Orezone Ptb Ratio vs Income Quality 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 Ptb Ratio and its Income Quality 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.

Ptb Ratio vs Income Quality

Ptb Ratio vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orezone Gold Corp Ptb Ratio account and Income Quality. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Orezone Gold's Ptb Ratio and Income Quality is -0.27. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Income Quality 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 Ptb Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Orezone Gold Corp are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Ptb Ratio i.e., Orezone Gold's Ptb Ratio and Income Quality go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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

Interest Expense Depreciation And Amortization

Orezone Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Long Term Debt Total	Short Term Investments	Common Stock	Short Term Debt	Property Plant Equipment
Total Assets		0.98	0.99	0.97	0.99	0.9	-0.45	0.99	0.23	1.0	0.95	0.96	0.23	0.59	0.85	0.96	0.91	0.34	0.98	0.86	0.96	0.96	0.96	0.77	0.85	0.99
Other Current Liab	0.98		0.97	0.92	0.99	0.93	-0.54	0.97	0.21	0.98	0.9	0.93	0.21	0.7	0.89	0.99	0.82	0.33	0.99	0.82	0.93	0.99	0.92	0.84	0.86	0.99
Total Current Liabilities	0.99	0.97		0.94	0.98	0.94	-0.43	0.99	0.09	0.99	0.96	0.99	0.09	0.65	0.83	0.95	0.9	0.3	0.98	0.79	0.99	0.97	0.99	0.75	0.9	0.99
Total Stockholder Equity	0.97	0.92	0.94		0.93	0.78	-0.42	0.96	0.34	0.95	0.93	0.92	0.34	0.41	0.83	0.88	0.95	0.39	0.92	0.92	0.91	0.87	0.93	0.72	0.73	0.94
Property Plant And Equipment Net	0.99	0.99	0.98	0.93		0.94	-0.47	0.98	0.17	1.0	0.93	0.95	0.17	0.66	0.86	0.99	0.86	0.3	1.0	0.81	0.95	0.98	0.95	0.79	0.88	1.0
Net Debt	0.9	0.93	0.94	0.78	0.94		-0.41	0.91	-0.13	0.93	0.87	0.92	-0.13	0.81	0.75	0.94	0.72	0.17	0.95	0.58	0.94	0.97	0.92	0.71	0.95	0.93
Retained Earnings	-0.45	-0.54	-0.43	-0.42	-0.47	-0.41		-0.45	-0.34	-0.44	-0.35	-0.4	-0.34	-0.41	-0.82	-0.52	-0.27	-0.03	-0.49	-0.47	-0.37	-0.49	-0.33	-0.76	-0.3	-0.46
Accounts Payable	0.99	0.97	0.99	0.96	0.98	0.91	-0.45		0.16	0.99	0.96	0.98	0.16	0.61	0.85	0.94	0.92	0.33	0.97	0.83	0.98	0.95	0.98	0.76	0.87	0.98
Cash	0.23	0.21	0.09	0.34	0.17	-0.13	-0.34	0.16		0.15	0.02	0.03	1.0	-0.1	0.34	0.2	0.15	0.45	0.15	0.67	0.01	0.11	0.01	0.34	-0.11	0.16
Non Current Assets Total	1.0	0.98	0.99	0.95	1.0	0.93	-0.44	0.99	0.15		0.95	0.97	0.15	0.62	0.84	0.96	0.9	0.3	0.99	0.82	0.97	0.97	0.97	0.76	0.87	1.0
Non Currrent Assets Other	0.95	0.9	0.96	0.93	0.93	0.87	-0.35	0.96	0.02	0.95		0.96	0.02	0.47	0.79	0.86	0.95	0.21	0.92	0.75	0.95	0.88	0.97	0.69	0.81	0.95
Other Assets	0.96	0.93	0.99	0.92	0.95	0.92	-0.4	0.98	0.03	0.97	0.96		0.03	0.64	0.79	0.9	0.9	0.29	0.95	0.76	1.0	0.94	1.0	0.68	0.92	0.96
Cash And Short Term Investments	0.23	0.21	0.09	0.34	0.17	-0.13	-0.34	0.16	1.0	0.15	0.02	0.03		-0.1	0.34	0.2	0.15	0.45	0.15	0.67	0.01	0.11	0.01	0.34	-0.11	0.16
Net Receivables	0.59	0.7	0.65	0.41	0.66	0.81	-0.41	0.61	-0.1	0.62	0.47	0.64	-0.1		0.53	0.72	0.26	0.15	0.7	0.33	0.67	0.78	0.61	0.57	0.86	0.63
Common Stock Shares Outstanding	0.85	0.89	0.83	0.83	0.86	0.75	-0.82	0.85	0.34	0.84	0.79	0.79	0.34	0.53		0.85	0.73	0.24	0.86	0.79	0.77	0.83	0.76	0.92	0.63	0.86
Non Current Liabilities Total	0.96	0.99	0.95	0.88	0.99	0.94	-0.52	0.94	0.2	0.96	0.86	0.9	0.2	0.72	0.85		0.77	0.28	0.99	0.78	0.9	0.99	0.9	0.81	0.87	0.98
Other Current Assets	0.91	0.82	0.9	0.95	0.86	0.72	-0.27	0.92	0.15	0.9	0.95	0.9	0.15	0.26	0.73	0.77		0.31	0.84	0.81	0.88	0.77	0.92	0.59	0.67	0.88
Other Stockholder Equity	0.34	0.33	0.3	0.39	0.3	0.17	-0.03	0.33	0.45	0.3	0.21	0.29	0.45	0.15	0.24	0.28	0.31		0.29	0.51	0.29	0.28	0.3	0.16	0.25	0.3
Total Liab	0.98	0.99	0.98	0.92	1.0	0.95	-0.49	0.97	0.15	0.99	0.92	0.95	0.15	0.7	0.86	0.99	0.84	0.29		0.8	0.95	0.99	0.95	0.8	0.89	1.0
Total Current Assets	0.86	0.82	0.79	0.92	0.81	0.58	-0.47	0.83	0.67	0.82	0.75	0.76	0.67	0.33	0.79	0.78	0.81	0.51	0.8		0.74	0.75	0.75	0.7	0.57	0.82
Inventory	0.96	0.93	0.99	0.91	0.95	0.94	-0.37	0.98	0.01	0.97	0.95	1.0	0.01	0.67	0.77	0.9	0.88	0.29	0.95	0.74		0.94	1.0	0.68	0.93	0.96
Short Long Term Debt Total	0.96	0.99	0.97	0.87	0.98	0.97	-0.49	0.95	0.11	0.97	0.88	0.94	0.11	0.78	0.83	0.99	0.77	0.28	0.99	0.75	0.94		0.93	0.79	0.93	0.98
Short Term Investments	0.96	0.92	0.99	0.93	0.95	0.92	-0.33	0.98	0.01	0.97	0.97	1.0	0.01	0.61	0.76	0.9	0.92	0.3	0.95	0.75	1.0	0.93		0.66	0.91	0.96
Common Stock	0.77	0.84	0.75	0.72	0.79	0.71	-0.76	0.76	0.34	0.76	0.69	0.68	0.34	0.57	0.92	0.81	0.59	0.16	0.8	0.7	0.68	0.79	0.66		0.59	0.78
Short Term Debt	0.85	0.86	0.9	0.73	0.88	0.95	-0.3	0.87	-0.11	0.87	0.81	0.92	-0.11	0.86	0.63	0.87	0.67	0.25	0.89	0.57	0.93	0.93	0.91	0.59		0.87
Property Plant Equipment	0.99	0.99	0.99	0.94	1.0	0.93	-0.46	0.98	0.16	1.0	0.95	0.96	0.16	0.63	0.86	0.98	0.88	0.3	1.0	0.82	0.96	0.98	0.96	0.78	0.87

Click cells to compare fundamentals

Orezone Gold Account Relationship Matchups

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

0.79	WCN	Waste Connections	Pair Corr
0.76	FFH	Fairfax Financial	Pair Corr
0.66	FSV	FirstService Corp	Pair Corr
0.65	CSU	Constellation Software	Pair Corr
0.48	BYD	Boyd Group Services	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Orezone Ptb Ratio vs Income Quality Analysis

Ptb Ratio vs Income Quality

Ptb Ratio vs Income Quality Correlation Analysis

Correlation Coefficient

Ptb Ratio

Income Quality

Orezone Gold fundamental ratios Correlations

Orezone Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orezone Gold fundamental ratios Accounts

Pair Trading with Orezone Gold

Moving against Orezone Stock

Other Information on Investing in Orezone Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 1.0	Non Current Assets Total

Common Stock Shares Outstanding	- 0.82	Retained Earnings
Common Stock	- 0.76	Retained Earnings
Retained Earnings	- 0.54	Other Current Liab
Non Current Liabilities Total	- 0.52	Retained Earnings
Short Long Term Debt Total	- 0.49	Retained Earnings
Total Liab	- 0.49	Retained Earnings