Solaris Cash from 2010 to 2026
| SLS Stock | 13.89 0.21 1.54% |
Cash | First Reported 2017-12-31 | Previous Quarter 47 M | Current Value 35.1 M | Quarterly Volatility 22 M |
Check Solaris Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Solaris Resources' main balance sheet or income statement drivers, such as Interest Income of 5 M, Depreciation And Amortization of 932.2 K or Interest Expense of 5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Solaris financial statements analysis is a perfect complement when working with Solaris Resources Valuation or Volatility modules.
Solaris | Cash |
Evaluating Solaris Resources's Cash 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 Solaris Resources's fundamental strength.
Latest Solaris Resources' Cash Growth Pattern
Below is the plot of the Cash of Solaris Resources over the last few years. Cash refers to the most liquid asset of Solaris Resources, which is listed under current asset account on Solaris Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Solaris Resources customers. The amounts must be unrestricted with restricted cash listed in a different Solaris Resources account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Solaris Resources' Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Solaris Resources' overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
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Cash |
| Timeline |
Solaris Cash Regression Statistics
| Arithmetic Mean | 15,519,643 | |
| Geometric Mean | 1,409,619 | |
| Coefficient Of Variation | 137.88 | |
| Mean Deviation | 17,514,833 | |
| Median | 241,000 | |
| Standard Deviation | 21,398,828 | |
| Sample Variance | 457.9T | |
| Range | 73.5M | |
| R-Value | 0.68 | |
| Mean Square Error | 264.7T | |
| R-Squared | 0.46 | |
| Significance | 0 | |
| Slope | 2,868,137 | |
| Total Sum of Squares | 7326.6T |
Solaris Cash History
About Solaris Resources Financial Statements
Solaris Resources investors utilize fundamental indicators, such as Cash, to predict how Solaris 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.
Pair Trading with Solaris Resources
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 Solaris Resources 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 Solaris Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Solaris Stock
| 0.94 | AG | First Majestic Silver | PairCorr |
| 0.89 | IE | Ivanhoe Energy | PairCorr |
| 0.97 | ORE | Orezone Gold Corp | PairCorr |
| 0.9 | FDY | Faraday Copper Corp | PairCorr |
Moving against Solaris Stock
| 0.68 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.68 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.46 | AAPL | Apple Inc CDR | PairCorr |
| 0.46 | AAPL | Apple CDR | PairCorr |
| 0.45 | UNH | UnitedHealth Group CDR | PairCorr |
The ability to find closely correlated positions to Solaris Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solaris Resources 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 Solaris Resources - 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 Solaris Resources to buy it.
The correlation of Solaris Resources 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 Solaris Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solaris Resources 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 Solaris Resources 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 Solaris Stock
Solaris Resources financial ratios help investors to determine whether Solaris 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 Solaris with respect to the benefits of owning Solaris Resources security.