Vista Free Cash Flow Yield vs Capex To Depreciation Analysis
VGZ Stock | CAD 0.83 0.02 2.35% |
Vista Gold financial indicator trend analysis is much more than just breaking down Vista Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vista Gold is a good investment. Please check the relationship between Vista Gold Free Cash Flow Yield and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vista Gold. 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 Vista Stock, please use our How to Invest in Vista Gold guide.
Free Cash Flow Yield vs Capex To Depreciation
Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vista Gold Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Vista Gold's Free Cash Flow Yield and Capex To Depreciation is -0.63. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Vista Gold, assuming nothing else is changed. The correlation between historical values of Vista Gold's Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Vista Gold are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Vista Gold's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Vista Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vista Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vista Gold. 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 Vista Stock, please use our How to Invest in Vista Gold guide.At this time, Vista Gold's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value is likely to grow to about 56.3 M, while Issuance Of Capital Stock is likely to drop about 962.4 K.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 49K | 45K | 40K | 38K | Other Operating Expenses | 11.9M | 8.3M | 6.7M | 6.4M |
Vista Gold fundamental ratios Correlations
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Vista Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vista Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 100.5M | 104.5M | 110.3M | 118.0M | 120.5M | 126.5M | |
Total Assets | 16.7M | 17.2M | 16.3M | 11.0M | 8.9M | 8.5M | |
Other Current Liab | 880K | 770K | 1.2M | 764K | 749K | 711.6K | |
Total Current Liabilities | 1.1M | 1.1M | 1.8M | 933K | 939K | 892.1K | |
Total Stockholder Equity | 12.6M | 15.9M | 14.3M | 10.0M | 5.0M | 4.7M | |
Property Plant And Equipment Net | 7.9M | 7.8M | 2.4M | 2.3M | 2.4M | 2.2M | |
Net Debt | (1.4M) | (7.7M) | (12.8M) | (8.1M) | (6.1M) | (6.4M) | |
Retained Earnings | (445.1M) | (444.7M) | (459.9M) | (464.8M) | (471.4M) | (447.8M) | |
Accounts Payable | 195K | 190K | 356K | 566K | 169K | 180.5K | |
Cash | 1.4M | 7.8M | 12.8M | 8.1M | 6.1M | 10.6M | |
Non Current Assets Total | 7.9M | 7.8M | 2.4M | 2.3M | 2.4M | 2.3M | |
Non Currrent Assets Other | 10.0M | 0.0 | 7.9M | 69K | 79.4K | 75.4K | |
Cash And Short Term Investments | 8.3M | 8.5M | 13.1M | 8.1M | 6.1M | 5.8M | |
Short Term Investments | 18.9M | 12.5M | 6.9M | 693K | 384K | 0.0 | |
Liabilities And Stockholders Equity | 16.7M | 17.2M | 16.3M | 11.0M | 8.9M | 8.5M | |
Non Current Liabilities Total | 3.0M | 253K | 261K | 24K | 3.0M | 5.2M | |
Other Current Assets | 482K | 952K | 811K | 537K | 446K | 423.7K | |
Total Liab | 4.0M | 1.4M | 2.0M | 957K | 4.0M | 3.8M | |
Property Plant And Equipment Gross | 7.9M | 7.8M | 7.9M | 7.8M | 7.9M | 7.5M | |
Total Current Assets | 8.8M | 9.4M | 14.0M | 8.6M | 6.5M | 6.2M | |
Common Stock Total Equity | 456.1M | 456.9M | 457.7M | 460.5M | 529.6M | 402.0M | |
Common Stock | 457.7M | 460.5M | 474.2M | 474.8M | 476.4M | 426.1M | |
Net Tangible Assets | 12.6M | 15.9M | 14.3M | 10.0M | 9.0M | 17.4M | |
Property Plant Equipment | 7.9M | 7.8M | 2.4M | 2.3M | 2.1M | 2.0M | |
Net Invested Capital | 12.6M | 15.9M | 14.3M | 10.0M | 5.0M | 4.7M | |
Net Working Capital | 7.8M | 8.3M | 12.2M | 7.7M | 5.6M | 8.4M | |
Capital Stock | 457.7M | 460.5M | 474.2M | 474.8M | 476.4M | 513.4M |
Pair Trading with Vista 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 Vista 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 Vista Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Vista Stock
Moving against Vista Stock
The ability to find closely correlated positions to Vista 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 Vista 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 Vista 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 Vista Gold to buy it.
The correlation of Vista 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 Vista Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vista Gold 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 Vista 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vista Gold. 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 Vista Stock, please use our How to Invest in Vista Gold guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.