Xtra Inventory vs Common Stock Total Equity Analysis

XTG Stock

CAD 1.87 0.01 0.53%

Xtra Gold financial indicator trend analysis is more than just analyzing Xtra Gold Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xtra Gold Resources is a good investment. Please check the relationship between Xtra Gold Inventory and its Common Stock Total Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources 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.

Inventory vs Common Stock Total Equity

Inventory vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xtra Gold Resources Inventory account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak relationship.

The correlation between Xtra Gold's Inventory and Common Stock Total Equity is 0.31. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Xtra Gold Resources Corp, assuming nothing else is changed. The correlation between historical values of Xtra Gold's Inventory and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Xtra Gold Resources Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Inventory i.e., Xtra Gold's Inventory and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from Xtra Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xtra Gold Resources 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources 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, Xtra Gold's Selling General Administrative is very stable compared to the past year. As of the 15th of December 2024, Enterprise Value Over EBITDA is likely to grow to 13.67, while Tax Provision is likely to drop about 837.4 K.

	2021	2022	2023	2024 (projected)
Tax Provision	1.1M	800K	861.8K	837.4K
Reconciled Depreciation	173.7K	188.4K	165.9K	171.0K

Tax Provision Reconciled Depreciation

Xtra Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Inventory	Net Tangible Assets	Other Assets
Total Assets		0.34	0.64	0.6	1.0	0.39	-0.62	0.72	-0.56	0.66	0.4	0.08	0.83	-0.11	-0.24	-0.15	0.95	-0.37	0.76	0.69	0.81	-0.39	-0.55	0.6	0.7	0.01
Short Long Term Debt Total	0.34		-0.3	-0.25	0.33	0.98	0.46	0.88	0.36	-0.37	0.98	-0.8	-0.16	-0.19	-0.94	-0.55	0.26	-0.97	0.26	0.86	-0.19	-0.98	-0.02	-0.25	-0.23	0.04
Other Current Liab	0.64	-0.3		0.98	0.61	-0.21	-0.91	0.11	-0.75	0.93	-0.2	0.43	0.91	-0.27	0.35	0.08	0.61	0.2	0.81	0.17	0.9	0.23	-0.44	0.76	0.71	0.16
Total Current Liabilities	0.6	-0.25	0.98		0.56	-0.16	-0.85	0.12	-0.6	0.88	-0.16	0.38	0.86	-0.34	0.31	0.07	0.57	0.15	0.85	0.22	0.86	0.18	-0.28	0.72	0.66	0.31
Total Stockholder Equity	1.0	0.33	0.61	0.56		0.37	-0.62	0.72	-0.58	0.66	0.39	0.08	0.83	-0.07	-0.24	-0.14	0.96	-0.36	0.72	0.66	0.81	-0.38	-0.58	0.6	0.7	-0.04
Property Plant And Equipment Net	0.39	0.98	-0.21	-0.16	0.37		0.37	0.91	0.28	-0.28	1.0	-0.84	-0.08	-0.15	-0.95	-0.64	0.3	-0.99	0.36	0.87	-0.11	-0.99	-0.08	-0.25	-0.26	0.06
Net Debt	-0.62	0.46	-0.91	-0.85	-0.62	0.37		0.0	0.81	-0.99	0.37	-0.64	-0.94	0.12	-0.48	-0.27	-0.58	-0.36	-0.61	0.04	-0.94	-0.37	0.44	-0.78	-0.8	0.1
Retained Earnings	0.72	0.88	0.11	0.12	0.72	0.91	0.0		-0.04	0.08	0.92	-0.6	0.3	-0.13	-0.82	-0.55	0.64	-0.91	0.58	0.93	0.28	-0.91	-0.31	0.07	0.1	0.01
Accounts Payable	-0.56	0.36	-0.75	-0.6	-0.58	0.28	0.81	-0.04		-0.79	0.27	-0.46	-0.77	-0.04	-0.35	-0.1	-0.53	-0.28	-0.42	0.05	-0.77	-0.29	0.82	-0.66	-0.63	0.35
Cash	0.66	-0.37	0.93	0.88	0.66	-0.28	-0.99	0.08	-0.79		-0.27	0.55	0.96	-0.16	0.39	0.22	0.61	0.26	0.67	0.05	0.96	0.28	-0.45	0.79	0.78	-0.1
Non Current Assets Total	0.4	0.98	-0.2	-0.16	0.39	1.0	0.37	0.92	0.27	-0.27		-0.83	-0.08	-0.15	-0.94	-0.64	0.31	-0.99	0.36	0.88	-0.1	-0.99	-0.09	-0.25	-0.24	0.06
Non Currrent Assets Other	0.08	-0.8	0.43	0.38	0.08	-0.84	-0.64	-0.6	-0.46	0.55	-0.83		0.41	-0.01	0.87	0.7	0.1	0.85	-0.08	-0.55	0.44	0.8	-0.09	0.54	0.67	-0.06
Cash And Short Term Investments	0.83	-0.16	0.91	0.86	0.83	-0.08	-0.94	0.3	-0.77	0.96	-0.08	0.41		-0.15	0.19	0.13	0.81	0.07	0.75	0.26	1.0	0.08	-0.52	0.81	0.81	-0.05
Net Receivables	-0.11	-0.19	-0.27	-0.34	-0.07	-0.15	0.12	-0.13	-0.04	-0.16	-0.15	-0.01	-0.15		0.08	-0.17	-0.05	0.15	-0.34	-0.27	-0.15	0.18	0.0	-0.45	-0.3	-0.13
Common Stock Total Equity	-0.24	-0.94	0.35	0.31	-0.24	-0.95	-0.48	-0.82	-0.35	0.39	-0.94	0.87	0.19	0.08		0.55	-0.21	0.95	-0.18	-0.73	0.22	0.94	0.05	0.31	0.38	0.04
Common Stock Shares Outstanding	-0.15	-0.55	0.08	0.07	-0.14	-0.64	-0.27	-0.55	-0.1	0.22	-0.64	0.7	0.13	-0.17	0.55		-0.06	0.66	-0.3	-0.53	0.16	0.62	0.2	0.44	0.42	-0.18
Short Term Investments	0.95	0.26	0.61	0.57	0.96	0.3	-0.58	0.64	-0.53	0.61	0.31	0.1	0.81	-0.05	-0.21	-0.06		-0.29	0.68	0.62	0.8	-0.3	-0.54	0.64	0.69	0.08
Other Stockholder Equity	-0.37	-0.97	0.2	0.15	-0.36	-0.99	-0.36	-0.91	-0.28	0.26	-0.99	0.85	0.07	0.15	0.95	0.66	-0.29		-0.36	-0.85	0.1	0.99	0.07	0.25	0.28	-0.03
Total Liab	0.76	0.26	0.81	0.85	0.72	0.36	-0.61	0.58	-0.42	0.67	0.36	-0.08	0.75	-0.34	-0.18	-0.3	0.68	-0.36		0.66	0.74	-0.33	-0.31	0.5	0.48	0.34
Property Plant And Equipment Gross	0.69	0.86	0.17	0.22	0.66	0.87	0.04	0.93	0.05	0.05	0.88	-0.55	0.26	-0.27	-0.73	-0.53	0.62	-0.85	0.66		0.24	-0.87	-0.22	0.09	0.17	0.27
Total Current Assets	0.81	-0.19	0.9	0.86	0.81	-0.11	-0.94	0.28	-0.77	0.96	-0.1	0.44	1.0	-0.15	0.22	0.16	0.8	0.1	0.74	0.24		0.11	-0.51	0.84	0.83	-0.06
Common Stock	-0.39	-0.98	0.23	0.18	-0.38	-0.99	-0.37	-0.91	-0.29	0.28	-0.99	0.8	0.08	0.18	0.94	0.62	-0.3	0.99	-0.33	-0.87	0.11		0.09	0.23	0.22	-0.03
Other Current Assets	-0.55	-0.02	-0.44	-0.28	-0.58	-0.08	0.44	-0.31	0.82	-0.45	-0.09	-0.09	-0.52	0.0	0.05	0.2	-0.54	0.07	-0.31	-0.22	-0.51	0.09		-0.43	-0.41	0.38
Inventory	0.6	-0.25	0.76	0.72	0.6	-0.25	-0.78	0.07	-0.66	0.79	-0.25	0.54	0.81	-0.45	0.31	0.44	0.64	0.25	0.5	0.09	0.84	0.23	-0.43		0.88	-0.13
Net Tangible Assets	0.7	-0.23	0.71	0.66	0.7	-0.26	-0.8	0.1	-0.63	0.78	-0.24	0.67	0.81	-0.3	0.38	0.42	0.69	0.28	0.48	0.17	0.83	0.22	-0.41	0.88		-0.08
Other Assets	0.01	0.04	0.16	0.31	-0.04	0.06	0.1	0.01	0.35	-0.1	0.06	-0.06	-0.05	-0.13	0.04	-0.18	0.08	-0.03	0.34	0.27	-0.06	-0.03	0.38	-0.13	-0.08

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Xtra Gold Account Relationship Matchups

Xtra Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.9M	9.3M	10.8M	11.9M	11.9M	7.8M
Other Current Liab	443.4K	426.5K	1.1M	1.3M	1.5M	1.6M
Total Current Liabilities	443.5K	426.8K	1.1M	1.4M	1.5M	1.6M
Total Stockholder Equity	6.9M	9.2M	9.8M	10.5M	10.2M	7.3M
Property Plant And Equipment Net	1.1M	1.3M	1.3M	1.4M	1.3M	1.9M
Net Debt	(4.0M)	(4.5M)	(4.7M)	(5.8M)	(7.2M)	(6.8M)
Retained Earnings	(24.7M)	(22.8M)	(22.0M)	(21.3M)	(21.5M)	(22.6M)
Accounts Payable	147.31	286.42	1.0K	67.6K	2.1K	2.0K
Cash	4.0M	4.5M	4.7M	5.8M	7.2M	7.5M
Non Current Assets Total	1.4M	1.6M	1.6M	1.7M	1.6M	2.0M
Cash And Short Term Investments	4.9M	6.8M	8.0M	9.3M	9.4M	9.8M
Net Receivables	177.4K	100.6K	103.2K	104.8K	(2.2K)	(2.1K)
Common Stock Total Equity	47.8K	46.2K	45.8K	46.8K	53.8K	44.9K
Short Term Investments	887.1K	2.3M	3.4M	3.5M	2.2M	1.6M
Liabilities And Stockholders Equity	6.9M	9.3M	10.8M	11.9M	11.9M	7.8M
Other Stockholder Equity	31.5M	32.0M	31.8M	31.8M	31.7M	28.8M
Total Liab	443.5K	426.8K	1.1M	1.4M	1.5M	1.6M
Property Plant And Equipment Gross	1.1M	1.3M	3.5M	3.8M	3.8M	2.1M
Total Current Assets	5.4M	7.7M	9.1M	10.2M	10.3M	10.8M
Common Stock	45.8K	46.8K	46.7K	46.4K	46.2K	45.9K
Other Current Assets	1.1K	2.4K	3.5K	104.8K	102.2K	146.7K
Inventory	393.0K	842.0K	975.3K	795.9K	817.6K	858.5K
Net Tangible Assets	4.8M	6.9M	9.2M	9.8M	11.3M	6.1M
Other Assets	246.3K	296.3K	0.0	296.3K	266.7K	159.9K
Property Plant Equipment	1.1M	1.3M	1.3M	1.4M	1.6M	1.4M
Capital Surpluse	31.5M	32.0M	31.8M	31.8M	36.6M	34.9M
Cash And Equivalents	4.0M	4.5M	4.7M	5.8M	6.6M	3.7M
Net Invested Capital	6.9M	9.2M	9.8M	10.5M	10.2M	8.7M
Net Working Capital	5.0M	7.3M	8.0M	8.8M	8.8M	6.6M
Capital Stock	45.8K	46.8K	46.7K	46.4K	46.2K	51.0K

Pair Trading with Xtra 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 Xtra 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Xtra Stock

0.72	INFM	Infinico Metals Corp	Pair Corr
0.61	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to Xtra 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 Xtra 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 Xtra 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 Xtra Gold Resources Corp to buy it.

The correlation of Xtra 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources 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 Xtra 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 Xtra Stock

Balance Sheet is a snapshot of the financial position of Xtra Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Xtra Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtra 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 Xtra currently owns. An asset can also be divided into two categories, current and non-current.

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Xtra Inventory vs Common Stock Total Equity Analysis

Inventory vs Common Stock Total Equity

Inventory vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Inventory

Common Stock Total Equity

Xtra Gold fundamental ratios Correlations

Xtra Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xtra Gold fundamental ratios Accounts

Pair Trading with Xtra Gold

Moving against Xtra Stock

Other Information on Investing in Xtra Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 0.99	Other Stockholder Equity
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Short Long Term Debt Total

Common Stock	- 0.99	Non Current Assets Total
Other Stockholder Equity	- 0.99	Non Current Assets Total
Cash	- 0.99	Net Debt
Common Stock	- 0.99	Property Plant And Equipment Net
Other Stockholder Equity	- 0.99	Property Plant And Equipment Net
Common Stock	- 0.98	Short Long Term Debt Total