SSR Minority Interest from 2010 to 2026
| SSRM Stock | CAD 30.65 0.16 0.52% |
Minority Interest | First Reported 2016-12-31 | Previous Quarter 9.7 M | Current Value 8.3 M | Quarterly Volatility 193.8 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 | Minority Interest |
Latest SSR Mining's Minority Interest Growth Pattern
Below is the plot of the Minority Interest of SSR Mining over the last few years. Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of SSR Mining whose combined shares represent less than 50% of the total outstanding shares issued by SSR Mining have a minority interest in SSR Mining. It is SSR Mining's Minority Interest 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.
| Minority Interest | 10 Years Trend |
|
Minority Interest |
| Timeline |
SSR Minority Interest Regression Statistics
| Arithmetic Mean | 88,639,938 | |
| Geometric Mean | 45,602,106 | |
| Coefficient Of Variation | 186.44 | |
| Mean Deviation | 105,814,383 | |
| Median | 23,043,000 | |
| Standard Deviation | 165,256,949 | |
| Sample Variance | 27309.9T | |
| Range | 571.5M | |
| R-Value | 0.21 | |
| Mean Square Error | 27832T | |
| R-Squared | 0.04 | |
| Significance | 0.42 | |
| Slope | 6,909,507 | |
| Total Sum of Squares | 436957.7T |
SSR Minority Interest History
About SSR Mining Financial Statements
SSR Mining investors utilize fundamental indicators, such as Minority Interest, 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 | ||
| Minority Interest | 105 M | 119.1 M |
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 against SSR Stock
| 0.44 | CM | Canadian Imperial Bank | PairCorr |
| 0.44 | AMZN | Amazon CDR | PairCorr |
| 0.36 | TD-PFI | Toronto Dominion Bank | 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.