Seabridge Net Interest Income from 2010 to 2026
| SEA Stock | CAD 42.97 0.54 1.24% |
Net Interest Income | First Reported 2019-03-31 | Previous Quarter 1.2 M | Current Value 1.4 M | Quarterly Volatility 1.4 M |
Check Seabridge Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Seabridge Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 225.4 K, Interest Expense of 487.7 K or Selling General Administrative of 8.5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.89. Seabridge financial statements analysis is a perfect complement when working with Seabridge Gold Valuation or Volatility modules.
Seabridge | Net Interest Income |
Latest Seabridge Gold's Net Interest Income Growth Pattern
Below is the plot of the Net Interest Income of Seabridge Gold over the last few years. It is the difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities. Seabridge Gold's Net Interest Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Seabridge Gold's overall financial position and show how it may be relating to other accounts over time.
| Net Interest Income | 10 Years Trend |
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Net Interest Income |
| Timeline |
Seabridge Net Interest Income Regression Statistics
| Arithmetic Mean | 196,926 | |
| Coefficient Of Variation | 741.32 | |
| Mean Deviation | 783,997 | |
| Median | 177,000 | |
| Standard Deviation | 1,459,862 | |
| Sample Variance | 2.1T | |
| Range | 6.5M | |
| R-Value | 0.17 | |
| Mean Square Error | 2.2T | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | 50,206 | |
| Total Sum of Squares | 34.1T |
Seabridge Net Interest Income History
About Seabridge Gold Financial Statements
Seabridge Gold investors utilize fundamental indicators, such as Net Interest Income, to predict how Seabridge 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 | ||
| Net Interest Income | 2.3 M | 2.4 M |
Pair Trading with Seabridge 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 Seabridge 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 Seabridge Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Seabridge Stock
| 0.91 | AG | First Majestic Silver | PairCorr |
| 0.67 | IE | Ivanhoe Energy | PairCorr |
| 0.91 | ORE | Orezone Gold Corp | PairCorr |
| 0.82 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
Moving against Seabridge Stock
| 0.58 | AML | Argus Metals Corp | PairCorr |
| 0.52 | MOX | Morien Resources Corp | PairCorr |
| 0.35 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Seabridge 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 Seabridge 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 Seabridge 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 Seabridge Gold to buy it.
The correlation of Seabridge 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 Seabridge Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seabridge Gold 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 Seabridge 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 Seabridge Gold Correlation against competitors. To learn how to invest in Seabridge Stock, please use our How to Invest in Seabridge Gold guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.