OceanaGold Financial Statements From 2010 to 2024
| OGC Stock | CAD 4.44 0.01 0.22% |
Check OceanaGold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OceanaGold's main balance sheet or income statement drivers, such as , as well as many indicators such as . OceanaGold financial statements analysis is a perfect complement when working with OceanaGold Valuation or Volatility modules.
OceanaGold |
OceanaGold Company Return On Equity Analysis
OceanaGold's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current OceanaGold Return On Equity | 0.0386 |
Most of OceanaGold's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, OceanaGold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, OceanaGold has a Return On Equity of 0.0386. This is 95.76% lower than that of the Metals & Mining sector and 61.4% lower than that of the Materials industry. The return on equity for all Canada stocks is 112.45% lower than that of the firm.
OceanaGold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining OceanaGold's current stock value. Our valuation model uses many indicators to compare OceanaGold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across OceanaGold competition to find correlations between indicators driving OceanaGold's intrinsic value. More Info.OceanaGold is regarded fourth in return on equity category among its peers. It also is regarded fourth in return on asset category among its peers reporting about 1.12 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value OceanaGold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for OceanaGold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About OceanaGold Financial Statements
OceanaGold investors utilize fundamental indicators, such as revenue or net income, to predict how OceanaGold 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.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia. OCEANAGOLD CORPORATION operates under Gold classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with OceanaGold
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 OceanaGold 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 OceanaGold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold 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 OceanaGold - 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 OceanaGold to buy it.
The correlation of OceanaGold 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 OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold 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 OceanaGold 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 OceanaGold Stock
OceanaGold financial ratios help investors to determine whether OceanaGold 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 OceanaGold with respect to the benefits of owning OceanaGold security.