Denison Operating Income from 2010 to 2026
| DML Stock | CAD 5.20 0.11 2.16% |
Operating Income | First Reported 1997-12-31 | Previous Quarter -18.8 M | Current Value -22.1 M | Quarterly Volatility 14.2 M |
Check Denison Mines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Denison Mines' main balance sheet or income statement drivers, such as Interest Expense of 92.3 K, Selling General Administrative of 10.2 M or Total Revenue of 3.4 M, as well as many indicators such as Price To Sales Ratio of 544, Dividend Yield of 0.0 or PTB Ratio of 3.87. Denison financial statements analysis is a perfect complement when working with Denison Mines Valuation or Volatility modules.
Denison | Operating Income |
Latest Denison Mines' Operating Income Growth Pattern
Below is the plot of the Operating Income of Denison Mines Corp over the last few years. Operating Income is the amount of profit realized from Denison Mines Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Denison Mines Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Denison Mines' Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Denison Mines' overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Denison Operating Income Regression Statistics
| Arithmetic Mean | (32,935,758) | |
| Coefficient Of Variation | (59.42) | |
| Mean Deviation | 15,956,658 | |
| Median | (26,079,073) | |
| Standard Deviation | 19,569,113 | |
| Sample Variance | 383T | |
| Range | 72.4M | |
| R-Value | (0.44) | |
| Mean Square Error | 330.7T | |
| R-Squared | 0.19 | |
| Significance | 0.08 | |
| Slope | (1,690,530) | |
| Total Sum of Squares | 6127.2T |
Denison Operating Income History
About Denison Mines Financial Statements
Denison Mines investors utilize fundamental indicators, such as Operating Income, to predict how Denison 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 | ||
| Operating Income | -57 M | -54.1 M |
Pair Trading with Denison Mines
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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
Moving against Denison Stock
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines 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 Denison Mines 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 the analysis of Denison Mines Correlation against competitors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.