SSR Inventory from 2010 to 2026
| SSRM Stock | CAD 37.93 0.82 2.21% |
Inventory | First Reported 1996-03-31 | Previous Quarter 568.7 M | Current Value 586.2 M | Quarterly Volatility 178.6 M |
Check SSR Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SSR Mining's main balance sheet or income statement drivers, such as Interest Expense of 8.8 M, Total Revenue of 1.2 B or Gross Profit of 424.3 M, as well as many indicators such as Price To Sales Ratio of 1.34, Dividend Yield of 0.0148 or PTB Ratio of 0.49. SSR financial statements analysis is a perfect complement when working with SSR Mining Valuation or Volatility modules.
SSR | Inventory |
Latest SSR Mining's Inventory Growth Pattern
Below is the plot of the Inventory of SSR Mining over the last few years. It is SSR Mining's Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in SSR Mining's overall financial position and show how it may be relating to other accounts over time.
| Inventory | 10 Years Trend |
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Inventory |
| Timeline |
SSR Inventory Regression Statistics
| Arithmetic Mean | 277,797,497 | |
| Geometric Mean | 0.00 | |
| Coefficient Of Variation | 68.97 | |
| Mean Deviation | 171,422,467 | |
| Median | 232,748,000 | |
| Standard Deviation | 191,599,199 | |
| Sample Variance | 36710.3T | |
| Range | 560.4M | |
| R-Value | 0.96 | |
| Mean Square Error | 2795.3T | |
| R-Squared | 0.93 | |
| Slope | 36,562,935 | |
| Total Sum of Squares | 587364T |
SSR Inventory History
About SSR Mining Financial Statements
SSR Mining investors utilize fundamental indicators, such as Inventory, to predict how SSR 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 | ||
| Inventory | 533.7 M | 560.4 M | |
| Change To Inventory | -72.3 M | -68.6 M | |
| Inventory Turnover | 1.60 | 2.09 | |
| Days Of Inventory On Hand | 302.37 | 271.62 | |
| Average Inventory | 7.2 M | 3.6 M | |
| Days Of Inventory Outstanding | 302.37 | 271.62 |
Pair Trading with SSR Mining
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 SSR Mining 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 SSR Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with SSR Stock
| 0.73 | AG | First Majestic Silver | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.71 | ORE | Orezone Gold Corp | PairCorr |
The ability to find closely correlated positions to SSR Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSR Mining 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 SSR Mining - 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 SSR Mining to buy it.
The correlation of SSR Mining 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 SSR Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSR Mining 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 SSR Mining 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 SSR Mining Correlation against competitors. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.