China Current Ratio from 2010 to 2026
| CGG Stock | CAD 33.35 0.77 2.36% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 2.25 | Current Value 2.14 | Quarterly Volatility 0.78323687 |
Check China Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among China Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 176.3 M, Interest Expense of 15.7 M or Selling General Administrative of 57.4 M, as well as many indicators such as Price To Sales Ratio of 3.02, Dividend Yield of 0.0574 or PTB Ratio of 1.3. China financial statements analysis is a perfect complement when working with China Gold Valuation or Volatility modules.
China | Current Ratio |
Evaluating China Gold's Current Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into China Gold International's fundamental strength.
Latest China Gold's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of China Gold International over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. China Gold's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in China Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.20 X | 10 Years Trend |
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Current Ratio |
| Timeline |
China Current Ratio Regression Statistics
| Arithmetic Mean | 1.50 | |
| Geometric Mean | 1.32 | |
| Coefficient Of Variation | 52.15 | |
| Mean Deviation | 0.61 | |
| Median | 1.32 | |
| Standard Deviation | 0.78 | |
| Sample Variance | 0.61 | |
| Range | 2.6618 | |
| R-Value | (0.04) | |
| Mean Square Error | 0.65 | |
| R-Squared | 0 | |
| Significance | 0.87 | |
| Slope | (0.01) | |
| Total Sum of Squares | 9.82 |
China Current Ratio History
About China Gold Financial Statements
China Gold investors utilize fundamental indicators, such as Current Ratio, to predict how China Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.25 | 2.14 |
Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with China Stock
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| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.91 | ORE | Orezone Gold Corp | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
Moving against China Stock
The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.
The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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.Other Information on Investing in China Stock
China Gold financial ratios help investors to determine whether China Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in China with respect to the benefits of owning China Gold security.