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

Ptb Ratio vs Net Income Per Share

Ptb Ratio vs Net Income Per Share 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 Net Income Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orezone Gold's Ptb Ratio and Net Income Per Share is -0.09. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Net Income 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 Ptb Ratio and Net Income 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 Ptb Ratio of Orezone Gold Corp are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Ptb Ratio i.e., Orezone Gold's Ptb Ratio and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Net Income Per Share

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 Expense28.8K1.7M14.9M15.6M
Depreciation And Amortization85.4K2.9M29.6M31.1M

Orezone Gold fundamental ratios Correlations

0.980.990.970.990.9-0.450.990.231.00.950.960.230.590.850.960.910.340.980.860.960.960.960.770.850.99
0.980.970.920.990.93-0.540.970.210.980.90.930.210.70.890.990.820.330.990.820.930.990.920.840.860.99
0.990.970.940.980.94-0.430.990.090.990.960.990.090.650.830.950.90.30.980.790.990.970.990.750.90.99
0.970.920.940.930.78-0.420.960.340.950.930.920.340.410.830.880.950.390.920.920.910.870.930.720.730.94
0.990.990.980.930.94-0.470.980.171.00.930.950.170.660.860.990.860.31.00.810.950.980.950.790.881.0
0.90.930.940.780.94-0.410.91-0.130.930.870.92-0.130.810.750.940.720.170.950.580.940.970.920.710.950.93
-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
0.990.970.990.960.980.91-0.450.160.990.960.980.160.610.850.940.920.330.970.830.980.950.980.760.870.98
0.230.210.090.340.17-0.13-0.340.160.150.020.031.0-0.10.340.20.150.450.150.670.010.110.010.34-0.110.16
1.00.980.990.951.00.93-0.440.990.150.950.970.150.620.840.960.90.30.990.820.970.970.970.760.871.0
0.950.90.960.930.930.87-0.350.960.020.950.960.020.470.790.860.950.210.920.750.950.880.970.690.810.95
0.960.930.990.920.950.92-0.40.980.030.970.960.030.640.790.90.90.290.950.761.00.941.00.680.920.96
0.230.210.090.340.17-0.13-0.340.161.00.150.020.03-0.10.340.20.150.450.150.670.010.110.010.34-0.110.16
0.590.70.650.410.660.81-0.410.61-0.10.620.470.64-0.10.530.720.260.150.70.330.670.780.610.570.860.63
0.850.890.830.830.860.75-0.820.850.340.840.790.790.340.530.850.730.240.860.790.770.830.760.920.630.86
0.960.990.950.880.990.94-0.520.940.20.960.860.90.20.720.850.770.280.990.780.90.990.90.810.870.98
0.910.820.90.950.860.72-0.270.920.150.90.950.90.150.260.730.770.310.840.810.880.770.920.590.670.88
0.340.330.30.390.30.17-0.030.330.450.30.210.290.450.150.240.280.310.290.510.290.280.30.160.250.3
0.980.990.980.921.00.95-0.490.970.150.990.920.950.150.70.860.990.840.290.80.950.990.950.80.891.0
0.860.820.790.920.810.58-0.470.830.670.820.750.760.670.330.790.780.810.510.80.740.750.750.70.570.82
0.960.930.990.910.950.94-0.370.980.010.970.951.00.010.670.770.90.880.290.950.740.941.00.680.930.96
0.960.990.970.870.980.97-0.490.950.110.970.880.940.110.780.830.990.770.280.990.750.940.930.790.930.98
0.960.920.990.930.950.92-0.330.980.010.970.971.00.010.610.760.90.920.30.950.751.00.930.660.910.96
0.770.840.750.720.790.71-0.760.760.340.760.690.680.340.570.920.810.590.160.80.70.680.790.660.590.78
0.850.860.90.730.880.95-0.30.87-0.110.870.810.92-0.110.860.630.870.670.250.890.570.930.930.910.590.87
0.990.990.990.941.00.93-0.460.980.161.00.950.960.160.630.860.980.880.31.00.820.960.980.960.780.87
Click cells to compare fundamentals

Orezone Gold Account Relationship Matchups

Orezone Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.8M13.0M140.5M252.3M320.1M336.1M
Total Current Liabilities3.7M3.1M19.4M73.8M83.4M87.6M
Total Stockholder Equity20.9M19.7M64.0M79.1M148.9M156.3M
Property Plant And Equipment Net3.1M2.6M97.3M183.3M193.2M202.8M
Net Debt(11.6M)(8.7M)10.3M113.7M73.9M77.6M
Retained Earnings(197.1M)(214.8M)(233.4M)(232.4M)(189.3M)(179.8M)
Accounts Payable3.7M677.4K6.3M17.5M21.8M22.9M
Cash11.9M8.9M36.1M9.2M19.5M16.8M
Non Current Assets Total3.6M3.3M101.4M221.1M267.2M280.5M
Cash And Short Term Investments11.9M8.9M36.1M9.2M19.5M16.8M
Net Receivables46.7K30.5K313.4K5.4M925K971.3K
Common Stock Shares Outstanding212.6M248.7M317.9M346.7M368.3M386.7M
Liabilities And Stockholders Equity16.8M13.0M140.5M252.3M320.1M336.1M
Non Current Liabilities Total230.8K167.6K67.3M108.2M90.3M94.8M
Other Current Assets821.1K222.5K2.4M4.0M18.8M19.8M
Other Stockholder Equity19.8M16.9M23.7M30.2M30.6M52.8M
Total Liab3.9M3.3M86.6M182.0M173.7M182.4M
Total Current Assets13.2M9.6M39.1M31.2M52.9M55.6M
Accumulated Other Comprehensive Income19.8M21.9M29.2M489.1K682K647.9K
Inventory471.4K507.7K357.0K12.7M13.7M14.3M
Common Stock198.2M212.5M268.2M280.9M306.9M212.7M
Long Term Debt Total230.8K167.6K46.3M89.7M103.1M108.3M
Property Plant Equipment3.1M2.6M97.3M183.3M210.8M221.4M
Net Tangible Assets20.9M19.7M64.0M79.1M91.0M48.9M
Net Invested Capital20.9M19.7M109.8M201.0M241.4M253.5M
Long Term Investments516.2K791.0K403.1K307.0K36K34.2K
Capital Stock198.2M212.5M268.2M280.9M306.9M268.3M
Net Working Capital9.5M6.5M19.8M(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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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 CorrelationCorrelation 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.