Aya Ev To Sales vs Book Value Per Share Analysis

AYA Stock  CAD 13.41  0.65  5.09%   
Aya Gold financial indicator trend analysis is way more than just evaluating Aya Gold Silver prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aya Gold Silver is a good investment. Please check the relationship between Aya Gold Ev To Sales and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aya Gold Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ev To Sales vs Book Value Per Share

Ev To Sales vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aya Gold Silver Ev To Sales account and Book Value Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aya Gold's Ev To Sales and Book Value Per Share is 0.23. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Aya Gold Silver, assuming nothing else is changed. The correlation between historical values of Aya Gold's Ev To Sales and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Aya Gold Silver are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Ev To Sales i.e., Aya Gold's Ev To Sales and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Aya Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aya Gold Silver current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aya Gold Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Aya Gold's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 4.1 M, while Issuance Of Capital Stock is likely to drop about 51.4 M.
 2023 2024 (projected)
Cost Of Revenue27.0M28.4M
Research Development217.5K193.4K

Aya Gold fundamental ratios Correlations

-0.340.980.990.99-0.08-0.670.790.980.860.790.930.850.940.830.950.890.90.870.950.860.990.98-0.50.980.4
-0.34-0.31-0.3-0.37-0.280.14-0.1-0.38-0.2-0.09-0.32-0.22-0.32-0.28-0.41-0.19-0.46-0.46-0.44-0.14-0.37-0.40.33-0.33-0.07
0.98-0.310.950.990.07-0.620.680.990.780.680.880.790.950.770.970.810.920.910.950.880.990.98-0.350.930.27
0.99-0.30.950.96-0.2-0.710.850.950.90.850.950.890.930.860.90.940.840.80.90.870.970.96-0.561.00.45
0.99-0.370.990.960.08-0.60.671.00.770.670.880.790.930.790.980.80.940.920.970.830.990.99-0.420.940.28
-0.08-0.280.07-0.20.080.46-0.660.1-0.49-0.66-0.29-0.4-0.07-0.270.23-0.510.330.390.21-0.240.020.070.47-0.23-0.57
-0.670.14-0.62-0.71-0.60.46-0.77-0.58-0.78-0.77-0.79-0.94-0.64-0.69-0.53-0.79-0.45-0.39-0.49-0.57-0.63-0.640.65-0.76-0.57
0.79-0.10.680.850.67-0.66-0.770.660.931.00.840.860.710.770.580.980.490.430.590.770.710.68-0.640.860.69
0.98-0.380.990.951.00.1-0.580.660.760.660.870.780.920.780.990.80.950.930.980.820.990.99-0.420.940.28
0.86-0.20.780.90.77-0.49-0.780.930.760.930.950.870.830.860.690.960.60.550.690.80.810.78-0.580.910.67
0.79-0.090.680.850.67-0.66-0.771.00.660.930.830.860.710.770.580.980.480.430.590.770.710.68-0.640.860.69
0.93-0.320.880.950.88-0.29-0.790.840.870.950.830.920.930.880.80.920.710.670.790.830.910.9-0.60.960.49
0.85-0.220.790.890.79-0.4-0.940.860.780.870.860.920.80.80.710.910.630.570.690.730.820.82-0.710.920.53
0.94-0.320.950.930.93-0.07-0.640.710.920.830.710.930.80.80.880.830.790.780.850.90.960.94-0.390.930.25
0.83-0.280.770.860.79-0.27-0.690.770.780.860.770.880.80.80.720.840.650.610.730.710.810.8-0.560.860.52
0.95-0.410.970.90.980.23-0.530.580.990.690.580.80.710.880.720.720.990.980.990.780.970.97-0.320.880.25
0.89-0.190.810.940.8-0.51-0.790.980.80.960.980.920.910.830.840.720.630.580.720.840.830.81-0.630.950.63
0.9-0.460.920.840.940.33-0.450.490.950.60.480.710.630.790.650.990.631.00.980.680.910.93-0.30.810.22
0.87-0.460.910.80.920.39-0.390.430.930.550.430.670.570.780.610.980.581.00.970.650.890.91-0.220.770.16
0.95-0.440.950.90.970.21-0.490.590.980.690.590.790.690.850.730.990.720.980.970.730.950.96-0.360.880.28
0.86-0.140.880.870.83-0.24-0.570.770.820.80.770.830.730.90.710.780.840.680.650.730.870.82-0.330.850.31
0.99-0.370.990.970.990.02-0.630.710.990.810.710.910.820.960.810.970.830.910.890.950.870.99-0.440.960.3
0.98-0.40.980.960.990.07-0.640.680.990.780.680.90.820.940.80.970.810.930.910.960.820.99-0.450.950.28
-0.50.33-0.35-0.56-0.420.470.65-0.64-0.42-0.58-0.64-0.6-0.71-0.39-0.56-0.32-0.63-0.3-0.22-0.36-0.33-0.44-0.45-0.6-0.55
0.98-0.330.931.00.94-0.23-0.760.860.940.910.860.960.920.930.860.880.950.810.770.880.850.960.95-0.60.46
0.4-0.070.270.450.28-0.57-0.570.690.280.670.690.490.530.250.520.250.630.220.160.280.310.30.28-0.550.46
Click cells to compare fundamentals

Aya Gold Account Relationship Matchups

Aya Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets48.2M72.1M161.3M156.8M333.1M349.7M
Other Current Liab1.7M735.9K3.4M1.9M145K137.8K
Total Current Liabilities5.5M6.4M17.5M24.2M46.7M49.0M
Total Stockholder Equity40.5M61.0M133.0M125.7M220.7M231.8M
Property Plant And Equipment Net26.8M30.4M63.5M93.9M221.5M232.6M
Net Debt(16.5M)(30.2M)(81.2M)(39.1M)9.0M9.4M
Retained Earnings(43.8M)(48.5M)(52.2M)(53.6M)(52.2M)(49.6M)
Cash16.6M30.5M81.7M39.4M49.8M52.3M
Non Current Assets Total27.1M33.2M67.4M97.0M252.7M265.3M
Other Assets305.9K2.8M3.9M3.1M3.5M3.7M
Cash And Short Term Investments16.6M30.5M81.7M39.4M49.8M52.3M
Net Receivables2.1M6.3M6.9M10.7M11.4M12.0M
Common Stock Shares Outstanding79.6M83.7M103.0M113.0M123.2M129.4M
Liabilities And Stockholders Equity48.2M72.1M161.3M156.8M333.1M349.7M
Other Current Assets39.7K364.0K955.5K2.1M2.3M2.5M
Other Stockholder Equity8.8M16.2M18.0M19.9M22.9M24.0M
Total Liab7.3M10.1M21.3M26.5M107.9M113.3M
Total Current Assets21.0M38.9M93.9M59.8M80.4M84.4M
Non Current Liabilities Total1.8M3.8M3.8M2.3M61.2M64.3M
Short Long Term Debt Total78.0K316.3K425.9K287K58.8M61.7M
Non Currrent Assets Other305.9K2.8M3.9M3.1M30.5M32.1M
Accounts Payable3.7M5.4M13.8M22.2M41.7M43.8M
Inventory2.2M1.7M4.4M7.7M16.8M17.7M
Accumulated Other Comprehensive Income(3.7M)(2.1M)(2.5M)8.6M(7.8M)(7.4M)
Short Term Debt57.0K134.1K244.6K160.3K233K221.4K
Common Stock79.2M95.5M169.6M170.7M260.9M273.9M
Other Liab1.8M3.6M3.6M2.1M2.4M2.9M
Net Tangible Assets40.5M61.0M133.0M125.7M144.6M151.8M
Long Term Debt Total21.0K182.2K181.3K126.7K114.0K108.3K
Capital Surpluse5.5M7.4M7.6M12.1M13.9M7.9M
Property Plant Equipment26.8M30.4M63.5M93.9M108.0M113.4M
Net Invested Capital40.5M61.0M133.0M125.7M278.4M292.3M
Net Working Capital15.6M32.5M76.4M35.6M33.7M33.4M
Capital Lease Obligations78.0K316.3K425.9K287K1.1M1.2M
Capital Stock79.2M95.5M169.6M170.7M260.9M154.8M

Pair Trading with Aya 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 Aya 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 Aya Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aya Stock

  0.82ORE Orezone Gold CorpPairCorr

Moving against Aya Stock

  0.48BRK Berkshire Hathaway CDRPairCorr
  0.31TSLA Tesla Inc CDRPairCorr
The ability to find closely correlated positions to Aya 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 Aya 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 Aya 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 Aya Gold Silver to buy it.
The correlation of Aya 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 Aya Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aya Gold Silver 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 Aya 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Aya Stock

Balance Sheet is a snapshot of the financial position of Aya Gold Silver at a specified time, usually calculated after every quarter, six months, or one year. Aya Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aya Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aya currently owns. An asset can also be divided into two categories, current and non-current.