Eldorado Income Quality from 2010 to 2026
| ELD Stock | CAD 63.32 0.03 0.05% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.29712765 | Current Value 1.36 | Quarterly Volatility 6.31103646 |
Check Eldorado Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eldorado Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 284.6 M, Interest Expense of 29.6 M or Selling General Administrative of 91.8 M, as well as many indicators such as Price To Sales Ratio of 7.72, Dividend Yield of 0.0054 or PTB Ratio of 1.96. Eldorado financial statements analysis is a perfect complement when working with Eldorado Gold Valuation or Volatility modules.
Eldorado | Income Quality |
Evaluating Eldorado Gold's Income Quality 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 Eldorado Gold Corp's fundamental strength.
Latest Eldorado Gold's Income Quality Growth Pattern
Below is the plot of the Income Quality of Eldorado Gold Corp over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Eldorado Gold's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eldorado Gold's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Eldorado Income Quality Regression Statistics
| Arithmetic Mean | 1.11 | |
| Geometric Mean | 1.80 | |
| Coefficient Of Variation | 570.10 | |
| Mean Deviation | 3.36 | |
| Median | 1.36 | |
| Standard Deviation | 6.31 | |
| Sample Variance | 39.83 | |
| Range | 33.8285 | |
| R-Value | 0.18 | |
| Mean Square Error | 41.04 | |
| R-Squared | 0.03 | |
| Significance | 0.48 | |
| Slope | 0.23 | |
| Total Sum of Squares | 637.27 |
Eldorado Income Quality History
About Eldorado Gold Financial Statements
Eldorado Gold investors utilize fundamental indicators, such as Income Quality, to predict how Eldorado 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 | ||
| Income Quality | 1.30 | 1.36 |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
| 0.88 | AG | First Majestic Silver | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.9 | ORE | Orezone Gold Corp | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold 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 Eldorado 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 the analysis of Eldorado Gold 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.