Vista Historical Income Statement
| VGZ Stock | CAD 0.81 0.02 2.53% |
Historical analysis of Vista Gold income statement accounts such as Interest Expense of 121.3 K, Total Revenue of 0.0, Total Other Income Expense Net of 145.9 K or Depreciation And Amortization of 38 K can show how well Vista Gold performed in making a profits. Evaluating Vista Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Vista Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Vista Gold latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Vista Gold is a good buy for the upcoming year.
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About Vista Income Statement Analysis
Vista Gold Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Vista Gold shareholders. The income statement also shows Vista investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Vista Gold Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Vista Gold. It is also known as Vista Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Vista Gold income statement and represents the costs associated with goods and services Vista Gold provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Vista Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 Total Other Income Expense Net is very stable compared to the past year. As of the 16th of December 2024, Selling General Administrative is likely to grow to about 4.4 M, while Interest Expense is likely to drop about 121.3 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 income statement Correlations
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Vista Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.78 | FFH | Fairfax Financial | PairCorr |
| 0.76 | WCN | Waste Connections | PairCorr |
| 0.7 | FSV | FirstService Corp | PairCorr |
| 0.56 | BYD | Boyd Group Services | PairCorr |
| 0.55 | CSU | Constellation Software | PairCorr |
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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.