Aya Total Other Income Expense Net vs Interest Income 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 Total Other Income Expense Net and its Interest Income 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.
Total Other Income Expense Net vs Interest Income
Total Other Income Expense Net vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aya Gold Silver Total Other Income Expense Net account and Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aya Gold's Total Other Income Expense Net and Interest Income is 0.44. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Interest Income 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 Total Other Income Expense Net and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Aya Gold Silver are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Total Other Income Expense Net i.e., Aya Gold's Total Other Income Expense Net and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Other Income Expense Net
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.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 Revenue | 27.0M | 28.4M | Research Development | 217.5K | 193.4K |
Aya Gold fundamental ratios Correlations
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Aya Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aya Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 48.2M | 72.1M | 161.3M | 156.8M | 333.1M | 349.7M | |
Other Current Liab | 1.7M | 735.9K | 3.4M | 1.9M | 145K | 137.8K | |
Total Current Liabilities | 5.5M | 6.4M | 17.5M | 24.2M | 46.7M | 49.0M | |
Total Stockholder Equity | 40.5M | 61.0M | 133.0M | 125.7M | 220.7M | 231.8M | |
Property Plant And Equipment Net | 26.8M | 30.4M | 63.5M | 93.9M | 221.5M | 232.6M | |
Net Debt | (16.5M) | (30.2M) | (81.2M) | (39.1M) | 9.0M | 9.4M | |
Retained Earnings | (43.8M) | (48.5M) | (52.2M) | (53.6M) | (52.2M) | (49.6M) | |
Cash | 16.6M | 30.5M | 81.7M | 39.4M | 49.8M | 52.3M | |
Non Current Assets Total | 27.1M | 33.2M | 67.4M | 97.0M | 252.7M | 265.3M | |
Other Assets | 305.9K | 2.8M | 3.9M | 3.1M | 3.5M | 3.7M | |
Cash And Short Term Investments | 16.6M | 30.5M | 81.7M | 39.4M | 49.8M | 52.3M | |
Net Receivables | 2.1M | 6.3M | 6.9M | 10.7M | 11.4M | 12.0M | |
Common Stock Shares Outstanding | 79.6M | 83.7M | 103.0M | 113.0M | 123.2M | 129.4M | |
Liabilities And Stockholders Equity | 48.2M | 72.1M | 161.3M | 156.8M | 333.1M | 349.7M | |
Other Current Assets | 39.7K | 364.0K | 955.5K | 2.1M | 2.3M | 2.5M | |
Other Stockholder Equity | 8.8M | 16.2M | 18.0M | 19.9M | 22.9M | 24.0M | |
Total Liab | 7.3M | 10.1M | 21.3M | 26.5M | 107.9M | 113.3M | |
Total Current Assets | 21.0M | 38.9M | 93.9M | 59.8M | 80.4M | 84.4M | |
Non Current Liabilities Total | 1.8M | 3.8M | 3.8M | 2.3M | 61.2M | 64.3M | |
Short Long Term Debt Total | 78.0K | 316.3K | 425.9K | 287K | 58.8M | 61.7M | |
Non Currrent Assets Other | 305.9K | 2.8M | 3.9M | 3.1M | 30.5M | 32.1M | |
Accounts Payable | 3.7M | 5.4M | 13.8M | 22.2M | 41.7M | 43.8M | |
Inventory | 2.2M | 1.7M | 4.4M | 7.7M | 16.8M | 17.7M | |
Accumulated Other Comprehensive Income | (3.7M) | (2.1M) | (2.5M) | 8.6M | (7.8M) | (7.4M) | |
Short Term Debt | 57.0K | 134.1K | 244.6K | 160.3K | 233K | 221.4K | |
Common Stock | 79.2M | 95.5M | 169.6M | 170.7M | 260.9M | 273.9M | |
Other Liab | 1.8M | 3.6M | 3.6M | 2.1M | 2.4M | 2.9M | |
Net Tangible Assets | 40.5M | 61.0M | 133.0M | 125.7M | 144.6M | 151.8M | |
Long Term Debt Total | 21.0K | 182.2K | 181.3K | 126.7K | 114.0K | 108.3K | |
Capital Surpluse | 5.5M | 7.4M | 7.6M | 12.1M | 13.9M | 7.9M | |
Property Plant Equipment | 26.8M | 30.4M | 63.5M | 93.9M | 108.0M | 113.4M | |
Net Invested Capital | 40.5M | 61.0M | 133.0M | 125.7M | 278.4M | 292.3M | |
Net Working Capital | 15.6M | 32.5M | 76.4M | 35.6M | 33.7M | 33.4M | |
Capital Lease Obligations | 78.0K | 316.3K | 425.9K | 287K | 1.1M | 1.2M | |
Capital Stock | 79.2M | 95.5M | 169.6M | 170.7M | 260.9M | 154.8M |
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
Moving against Aya Stock
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.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.