Torex Operating Cycle from 2010 to 2026
| TXG Stock | CAD 67.88 0.78 1.16% |
Operating Cycle | First Reported 2010-12-31 | Previous Quarter 133.55979866 | Current Value 126.88 | Quarterly Volatility 2.3 K |
Check Torex Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Torex Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 182.7 M, Interest Expense of 26.6 M or Selling General Administrative of 37.4 M, as well as many indicators such as Price To Sales Ratio of 3.0, Dividend Yield of 0.002 or PTB Ratio of 1.82. Torex financial statements analysis is a perfect complement when working with Torex Gold Valuation or Volatility modules.
Torex | Operating Cycle |
Evaluating Torex Gold's Operating Cycle 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 Torex Gold Resources's fundamental strength.
Latest Torex Gold's Operating Cycle Growth Pattern
Below is the plot of the Operating Cycle of Torex Gold Resources over the last few years. It is Torex Gold's Operating Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Torex Gold's overall financial position and show how it may be relating to other accounts over time.
| Operating Cycle | 10 Years Trend |
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Operating Cycle |
| Timeline |
Torex Operating Cycle Regression Statistics
| Arithmetic Mean | 699.10 | |
| Geometric Mean | 173.79 | |
| Coefficient Of Variation | 332.15 | |
| Mean Deviation | 1,060 | |
| Median | 137.42 | |
| Standard Deviation | 2,322 | |
| Sample Variance | 5.4M | |
| Range | 9.6K | |
| R-Value | (0.41) | |
| Mean Square Error | 4.8M | |
| R-Squared | 0.17 | |
| Significance | 0.10 | |
| Slope | (188.93) | |
| Total Sum of Squares | 86.3M |
Torex Operating Cycle History
About Torex Gold Financial Statements
Torex Gold investors utilize fundamental indicators, such as Operating Cycle, to predict how Torex 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 | ||
| Operating Cycle | 133.56 | 126.88 |
Pair Trading with Torex 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 Torex 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 Torex Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Torex Stock
| 0.7 | IE | Ivanhoe Energy Earnings Call This Week | PairCorr |
Moving against Torex Stock
The ability to find closely correlated positions to Torex 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 Torex 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 Torex 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 Torex Gold Resources to buy it.
The correlation of Torex 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 Torex Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torex Gold 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 Torex 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.Other Information on Investing in Torex Stock
Torex Gold financial ratios help investors to determine whether Torex 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 Torex with respect to the benefits of owning Torex Gold security.