Canagold Days Sales Outstanding vs Price To Sales Ratio Analysis

CCM Stock

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Canagold Resources financial indicator trend analysis is way more than just evaluating Canagold Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canagold Resources is a good investment. Please check the relationship between Canagold Resources Days Sales Outstanding and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canagold Resources. 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.

Days Sales Outstanding vs Price To Sales Ratio

Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canagold Resources Days Sales Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canagold Resources' Days Sales Outstanding and Price To Sales Ratio is 0.53. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Canagold Resources, assuming nothing else is changed. The correlation between historical values of Canagold Resources' Days Sales Outstanding and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Canagold Resources are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Days Sales Outstanding i.e., Canagold Resources' Days Sales Outstanding and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Days Sales Outstanding

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Canagold Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canagold Resources sales, a figure that is much harder to manipulate than other Canagold Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Canagold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canagold Resources 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 Canagold Resources. 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, Canagold Resources' Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Discontinued Operations is likely to grow to about 5.8 M, though Tax Provision is likely to grow to (30.4 K).

Canagold Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Short Long Term Debt Total	Common Stock	Inventory
Total Assets		-0.24	0.07	1.0	0.92	-0.48	0.03	0.43	0.5	0.92	0.02	0.6	0.75	0.59	0.48	0.6	0.31	-0.24	0.52	0.92	0.67	0.11	0.34	0.51	0.79	0.02
Other Current Liab	-0.24		0.69	-0.3	-0.09	0.4	-0.73	-0.54	-0.37	-0.09	-0.08	-0.43	0.05	0.03	-0.39	-0.01	-0.32	-0.17	0.27	-0.09	-0.44	-0.77	-0.18	-0.46	0.21	0.13
Total Current Liabilities	0.07	0.69		-0.01	0.33	0.57	-0.37	-0.12	-0.55	0.33	-0.38	-0.52	0.37	0.1	0.06	0.27	-0.29	0.07	0.62	0.33	-0.46	-0.57	-0.02	0.17	0.26	0.4
Total Stockholder Equity	1.0	-0.3	-0.01		0.89	-0.54	0.08	0.43	0.55	0.89	0.05	0.66	0.7	0.57	0.49	0.55	0.32	-0.24	0.45	0.89	0.71	0.17	0.32	0.48	0.76	-0.02
Property Plant And Equipment Net	0.92	-0.09	0.33	0.89		-0.11	-0.08	0.48	0.13	1.0	-0.05	0.25	0.8	0.62	0.42	0.68	0.18	-0.14	0.69	1.0	0.35	-0.1	0.41	0.55	0.79	0.3
Net Debt	-0.48	0.4	0.57	-0.54	-0.11		-0.2	-0.05	-1.0	-0.11	-0.18	-0.98	-0.15	-0.17	-0.29	-0.05	-0.42	0.33	0.18	-0.11	-0.95	-0.47	0.01	-0.04	-0.28	0.65
Retained Earnings	0.03	-0.73	-0.37	0.08	-0.08	-0.2		-0.04	0.22	-0.07	-0.03	0.26	-0.4	-0.61	0.14	-0.44	-0.24	0.45	-0.51	-0.08	0.14	0.86	-0.47	0.43	-0.56	-0.1
Accounts Payable	0.43	-0.54	-0.12	0.43	0.48	-0.05	-0.04		0.01	0.48	-0.1	0.1	0.63	0.72	0.65	0.73	0.72	-0.04	0.55	0.48	0.3	0.08	0.89	0.53	0.4	0.13
Cash	0.5	-0.37	-0.55	0.55	0.13	-1.0	0.22	0.01		0.13	0.17	0.99	0.14	0.13	0.25	0.02	0.38	-0.32	-0.19	0.13	0.94	0.47	-0.06	0.05	0.29	-0.65
Non Current Assets Total	0.92	-0.09	0.33	0.89	1.0	-0.11	-0.07	0.48	0.13		-0.05	0.25	0.8	0.62	0.42	0.68	0.18	-0.14	0.69	1.0	0.35	-0.1	0.41	0.55	0.79	0.3
Non Currrent Assets Other	0.02	-0.08	-0.38	0.05	-0.05	-0.18	-0.03	-0.1	0.17	-0.05		0.18	-0.1	0.05	-0.11	-0.07	-0.14	-0.25	-0.2	-0.05	0.15	0.3	-0.04	-0.2	0.04	0.14
Cash And Short Term Investments	0.6	-0.43	-0.52	0.66	0.25	-0.98	0.26	0.1	0.99	0.25	0.18		0.21	0.19	0.35	0.08	0.38	-0.31	-0.14	0.25	0.96	0.49	-0.01	0.12	0.35	-0.58
Net Receivables	0.75	0.05	0.37	0.7	0.8	-0.15	-0.4	0.63	0.14	0.8	-0.1	0.21		0.86	0.47	0.95	0.49	-0.25	0.92	0.8	0.42	-0.27	0.68	0.52	0.84	0.14
Common Stock Shares Outstanding	0.59	0.03	0.1	0.57	0.62	-0.17	-0.61	0.72	0.13	0.62	0.05	0.19	0.86		0.43	0.88	0.68	-0.46	0.76	0.63	0.41	-0.38	0.88	0.16	0.85	0.07
Short Term Investments	0.48	-0.39	0.06	0.49	0.42	-0.29	0.14	0.65	0.25	0.42	-0.11	0.35	0.47	0.43		0.39	0.44	-0.17	0.36	0.42	0.47	0.23	0.47	0.4	0.33	0.02
Non Current Liabilities Total	0.6	-0.01	0.27	0.55	0.68	-0.05	-0.44	0.73	0.02	0.68	-0.07	0.08	0.95	0.88	0.39		0.57	-0.24	0.92	0.68	0.3	-0.29	0.81	0.54	0.76	0.18
Other Current Assets	0.31	-0.32	-0.29	0.32	0.18	-0.42	-0.24	0.72	0.38	0.18	-0.14	0.38	0.49	0.68	0.44	0.57		-0.23	0.34	0.18	0.54	0.07	0.78	0.18	0.41	-0.54
Other Stockholder Equity	-0.24	-0.17	0.07	-0.24	-0.14	0.33	0.45	-0.04	-0.32	-0.14	-0.25	-0.31	-0.25	-0.46	-0.17	-0.24	-0.23		-0.19	-0.14	-0.35	0.2	-0.22	0.25	-0.54	0.13
Total Liab	0.52	0.27	0.62	0.45	0.69	0.18	-0.51	0.55	-0.19	0.69	-0.2	-0.14	0.92	0.76	0.36	0.92	0.34	-0.19		0.69	0.07	-0.46	0.65	0.5	0.73	0.31
Property Plant And Equipment Gross	0.92	-0.09	0.33	0.89	1.0	-0.11	-0.08	0.48	0.13	1.0	-0.05	0.25	0.8	0.63	0.42	0.68	0.18	-0.14	0.69		0.35	-0.1	0.41	0.55	0.79	0.3
Total Current Assets	0.67	-0.44	-0.46	0.71	0.35	-0.95	0.14	0.3	0.94	0.35	0.15	0.96	0.42	0.41	0.47	0.3	0.54	-0.35	0.07	0.35		0.41	0.22	0.2	0.47	-0.52
Short Term Debt	0.11	-0.77	-0.57	0.17	-0.1	-0.47	0.86	0.08	0.47	-0.1	0.3	0.49	-0.27	-0.38	0.23	-0.29	0.07	0.2	-0.46	-0.1	0.41		-0.28	0.37	-0.41	-0.36
Current Deferred Revenue	0.34	-0.18	-0.02	0.32	0.41	0.01	-0.47	0.89	-0.06	0.41	-0.04	-0.01	0.68	0.88	0.47	0.81	0.78	-0.22	0.65	0.41	0.22	-0.28		0.24	0.57	0.1
Short Long Term Debt Total	0.51	-0.46	0.17	0.48	0.55	-0.04	0.43	0.53	0.05	0.55	-0.2	0.12	0.52	0.16	0.4	0.54	0.18	0.25	0.5	0.55	0.2	0.37	0.24		0.17	0.15
Common Stock	0.79	0.21	0.26	0.76	0.79	-0.28	-0.56	0.4	0.29	0.79	0.04	0.35	0.84	0.85	0.33	0.76	0.41	-0.54	0.73	0.79	0.47	-0.41	0.57	0.17		0.07
Inventory	0.02	0.13	0.4	-0.02	0.3	0.65	-0.1	0.13	-0.65	0.3	0.14	-0.58	0.14	0.07	0.02	0.18	-0.54	0.13	0.31	0.3	-0.52	-0.36	0.1	0.15	0.07

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Canagold Resources Account Relationship Matchups

Canagold Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.3M	23.6M	27.6M	32.6M	33.2M	20.0M
Other Current Liab	194.9K	358.7K	1.2M	1.4M	62.0	58.9
Total Current Liabilities	231K	390K	1.2M	1.4M	714K	591.8K
Total Stockholder Equity	17.9M	23.1M	26.3M	29.5M	30.7M	19.2M
Property Plant And Equipment Net	16.2M	15.9M	23.8M	26.8M	28.0M	17.4M
Net Debt	(1.8M)	(6.1M)	(2.0M)	(3.6M)	(2.6M)	(2.5M)
Retained Earnings	(47.6M)	(49.3M)	(51.1M)	(52.8M)	(55.5M)	(58.3M)
Accounts Payable	149.0	324.0	929.0	1.3K	652K	684.6K
Cash	1.9M	6.1M	2.0M	3.8M	2.8M	1.7M
Non Current Assets Total	16.2M	15.9M	23.8M	26.8M	28.0M	17.5M
Non Currrent Assets Other	14.6M	14.3M	0.0	1.5M	1.8M	2.1M
Cash And Short Term Investments	2.0M	7.4M	3.3M	4.7M	4.3M	2.3M
Net Receivables	76K	297K	450K	1.1M	924K	970.2K
Common Stock Shares Outstanding	49.4M	56.5M	78.5M	89.4M	145.9M	153.2M
Short Term Investments	104K	1.3M	1.3M	855K	1.5M	1.6M
Liabilities And Stockholders Equity	18.3M	23.6M	27.6M	32.6M	33.2M	20.0M
Other Current Assets	76.0	297.0	450.0	1.1K	924K	970.2K
Other Stockholder Equity	709K	821K	1.7M	815K	656K	623.2K
Total Liab	393K	526K	1.3M	3.1M	2.5M	2.6M
Property Plant And Equipment Gross	16.2M	15.9M	24.1M	26.9M	28.1M	17.4M
Total Current Assets	2.1M	7.7M	3.8M	5.8M	5.3M	5.5M
Short Term Debt	36K	31K	21K	62K	55.8K	53.0K
Accumulated Other Comprehensive Income	(2.5M)	(2.0M)	(2.0M)	(4.0M)	(3.2M)	(3.0M)
Common Stock	67.3M	73.6M	77.8M	85.5M	88.8M	74.9M
Inventory	(76.0)	(297.0)	(450.0)	(1.1K)	(924.0)	(970.2)
Net Tangible Assets	17.9M	23.1M	26.3M	29.5M	33.9M	20.5M
Property Plant Equipment	16.2M	15.9M	23.8M	26.8M	30.8M	17.3M
Common Stock Total Equity	66.3M	66.3M	67.3M	73.6M	84.6M	73.4M
Other Liab	123K	116K	107K	1.5M	1.7M	1.8M
Net Invested Capital	17.9M	23.1M	26.3M	29.5M	30.7M	25.8M
Net Working Capital	1.9M	7.3M	2.6M	4.4M	4.6M	4.5M
Capital Stock	67.3M	73.6M	77.8M	85.5M	88.8M	84.2M

Pair Trading with Canagold Resources

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 Canagold Resources 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 Canagold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Canagold Stock

0.6	IE	Ivanhoe Energy	Pair Corr
0.6	NVDA	NVIDIA CDR	Pair Corr
0.47	FDY	Faraday Copper Corp	Pair Corr
0.43	GOOG	Alphabet CDR	Pair Corr
0.39	AG	First Majestic Silver	Pair Corr

The ability to find closely correlated positions to Canagold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canagold Resources 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 Canagold Resources - 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 Canagold Resources to buy it.

The correlation of Canagold Resources 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 Canagold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canagold 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 Canagold Resources 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 Correlation Correlation Matching

Other Information on Investing in Canagold Stock

Balance Sheet is a snapshot of the financial position of Canagold Resources at a specified time, usually calculated after every quarter, six months, or one year. Canagold Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canagold Resources 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 Canagold currently owns. An asset can also be divided into two categories, current and non-current.

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Canagold Days Sales Outstanding vs Price To Sales Ratio Analysis

Days Sales Outstanding vs Price To Sales Ratio

Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Price To Sales Ratio

Canagold Resources fundamental ratios Correlations

Canagold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canagold Resources fundamental ratios Accounts

Pair Trading with Canagold Resources

Moving against Canagold Stock

Other Information on Investing in Canagold Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.96	Cash And Short Term Investments

Cash	- 1.0	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Total Current Assets	- 0.95	Net Debt
Short Term Debt	- 0.77	Other Current Liab
Retained Earnings	- 0.73	Other Current Liab
Inventory	- 0.65	Cash