Freegold Operating Income from 2010 to 2026
| FVL Stock | CAD 1.57 0.03 1.95% |
Operating Income | First Reported 1997-03-31 | Previous Quarter -386.5 K | Current Value -310.4 K | Quarterly Volatility 619.8 K |
Check Freegold Ventures financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Freegold Ventures' main balance sheet or income statement drivers, such as Depreciation And Amortization of 40.2 K, Interest Expense of 18.8 K or Selling General Administrative of 275.3 K, as well as many indicators such as Price To Sales Ratio of 16.03, Dividend Yield of 0.0 or PTB Ratio of 2.06. Freegold financial statements analysis is a perfect complement when working with Freegold Ventures Valuation or Volatility modules.
Freegold | Operating Income |
Latest Freegold Ventures' Operating Income Growth Pattern
Below is the plot of the Operating Income of Freegold Ventures Limited over the last few years. Operating Income is the amount of profit realized from Freegold Ventures 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 Freegold Ventures Limited 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. Freegold Ventures' Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Freegold Ventures' 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 |
Freegold Operating Income Regression Statistics
| Arithmetic Mean | (1,006,317) | |
| Geometric Mean | 658,442 | |
| Coefficient Of Variation | (101.44) | |
| Mean Deviation | 701,616 | |
| Median | (792,927) | |
| Standard Deviation | 1,020,857 | |
| Sample Variance | 1T | |
| Range | 4M | |
| R-Value | (0.13) | |
| Mean Square Error | 1.1T | |
| R-Squared | 0.02 | |
| Significance | 0.61 | |
| Slope | (26,810) | |
| Total Sum of Squares | 16.7T |
Freegold Operating Income History
About Freegold Ventures Financial Statements
Freegold Ventures investors utilize fundamental indicators, such as Operating Income, to predict how Freegold 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 | -941.7 K | -894.6 K |
Pair Trading with Freegold Ventures
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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.Moving together with Freegold Stock
| 0.87 | AG | First Majestic Silver | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | ORE | Orezone Gold Corp | PairCorr |
| 0.76 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
Moving against Freegold Stock
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 Freegold Stock
Freegold Ventures financial ratios help investors to determine whether Freegold 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 Freegold with respect to the benefits of owning Freegold Ventures security.