Erdene Total Assets from 2010 to 2026
| ERD Stock | CAD 8.48 0.22 2.66% |
Total Assets | First Reported 2004-03-31 | Previous Quarter 56.5 M | Current Value 55.9 M | Quarterly Volatility 21.3 M |
Check Erdene Resource financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Erdene Resource's main balance sheet or income statement drivers, such as Interest Expense of 1.8 M, Total Revenue of 0.0 or Selling General Administrative of 6.1 M, as well as many indicators such as Price To Sales Ratio of 128, Dividend Yield of 0.0 or PTB Ratio of 15.03. Erdene financial statements analysis is a perfect complement when working with Erdene Resource Valuation or Volatility modules.
Erdene | Total Assets |
Evaluating Erdene Resource's Total Assets 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 Erdene Resource Development's fundamental strength.
Latest Erdene Resource's Total Assets Growth Pattern
Below is the plot of the Total Assets of Erdene Resource Development over the last few years. Total assets refers to the total amount of Erdene Resource assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Erdene Resource Deve books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Erdene Resource's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Erdene Resource's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 63 M | 10 Years Trend |
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Total Assets |
| Timeline |
Erdene Total Assets Regression Statistics
| Arithmetic Mean | 33,036,356 | |
| Geometric Mean | 17,481,125 | |
| Coefficient Of Variation | 77.94 | |
| Mean Deviation | 22,937,607 | |
| Median | 26,972,832 | |
| Standard Deviation | 25,748,114 | |
| Sample Variance | 663T | |
| Range | 76M | |
| R-Value | 0.82 | |
| Mean Square Error | 229.1T | |
| R-Squared | 0.68 | |
| Significance | 0.000051 | |
| Slope | 4,192,542 | |
| Total Sum of Squares | 10607.4T |
Erdene Total Assets History
About Erdene Resource Financial Statements
Erdene Resource investors utilize fundamental indicators, such as Total Assets, to predict how Erdene 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 | ||
| Total Assets | 72.5 M | 76.1 M |
Pair Trading with Erdene Resource
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 Erdene Resource 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 Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
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| 0.8 | FDY | Faraday Copper Corp | PairCorr |
Moving against Erdene Stock
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource 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 Erdene Resource - 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 Erdene Resource Development to buy it.
The correlation of Erdene Resource 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 Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve 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 Erdene Resource 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 Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.