Contango Historical Financial Ratios
| CTGO Stock | USD 14.08 3.88 21.60% |
Contango ORE is presently reporting on over 121 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, Days Sales Outstanding of 0.0 or Invested Capital of 0.0 will help investors to properly organize and evaluate Contango ORE financial condition quickly.
Contango |
About Contango Financial Ratios Analysis
Contango OREFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Contango ORE investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Contango financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Contango ORE history.
Contango ORE Financial Ratios Chart
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Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Contango ORE's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Contango ORE current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.At this time, Contango ORE's Ebt Per Ebit is very stable compared to the past year. As of the 30th of November 2024, Effective Tax Rate is likely to grow to 0.44, though PTB Ratio is likely to grow to (10.86).
Contango ORE fundamentals Correlations
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Contango ORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango ORE fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 34.09 | 3.98 | 12.18 | (37.83) | (11.43) | (10.86) | |
| Free Cash Flow Yield | (0.0205) | (0.0612) | (0.0866) | (0.0813) | (1.14E-4) | (1.19E-4) | |
| Operating Cash Flow Per Share | (0.17) | (0.21) | (1.34) | (2.07) | (1.03) | (1.08) | |
| Pb Ratio | 34.09 | 3.98 | 12.18 | (37.83) | (11.43) | (10.86) | |
| Free Cash Flow Per Share | (0.21) | (1.35) | (2.08) | (2.07) | (0.002057) | (0.002159) | |
| Roic | (2.78) | (0.29) | (0.71) | (0.25) | (0.59) | (0.61) | |
| Net Income Per Share | (1.42) | 3.82 | (3.49) | (5.61) | (8.88) | (8.44) | |
| Cash Per Share | 0.47 | 5.63 | 3.43 | 1.64 | 1.69 | 2.35 | |
| Pocfratio | (48.85) | (16.41) | (11.59) | (12.3) | (17.63) | (18.51) | |
| Pfcf Ratio | (48.85) | (16.34) | (11.55) | (12.3) | (8.8K) | (8.4K) | |
| Income Quality | 0.15 | (0.35) | 0.59 | 0.37 | 115.69 | 121.47 | |
| Roe | (4.59) | 0.69 | (1.77) | 8.33 | 5.61 | 5.89 | |
| Ev To Operating Cash Flow | (46.68) | (12.21) | (11.31) | (13.24) | (20.72) | (21.75) | |
| Pe Ratio | (7.42) | 5.76 | (6.88) | (4.54) | (2.04) | (2.14) | |
| Return On Tangible Assets | (2.97) | 0.66 | (0.63) | (1.55) | (1.39) | (1.46) | |
| Ev To Free Cash Flow | (46.68) | (12.16) | (11.28) | (13.24) | (10.4K) | (9.8K) | |
| Earnings Yield | (0.11) | (0.13) | 0.17 | (0.15) | (0.49) | (0.47) | |
| Net Debt To E B I T D A | 0.83 | (0.98) | 0.17 | (0.79) | (0.38) | (0.36) | |
| Current Ratio | 2.83 | 161.79 | 15.8 | 5.35 | 1.29 | 1.22 | |
| Graham Number | 3.13 | 21.79 | 12.44 | 9.22 | 17.79 | 18.68 | |
| Graham Net Net | 0.3 | 5.43 | (0.14) | (2.65) | (6.28) | (5.96) | |
| Enterprise Value Over E B I T D A | (17.83) | 2.85 | (6.79) | (11.11) | (2.55) | (2.68) | |
| Price Earnings Ratio | (7.42) | 5.76 | (6.88) | (4.54) | (2.04) | (2.14) | |
| Price Book Value Ratio | 34.09 | 3.98 | 12.18 | (37.83) | (11.43) | (10.86) | |
| Price Earnings To Growth Ratio | 0.27 | (0.0156) | 0.0359 | (0.0748) | (0.035) | (0.0332) | |
| Price To Operating Cash Flows Ratio | (48.85) | (16.41) | (11.59) | (12.3) | (17.63) | (18.51) | |
| Price To Free Cash Flows Ratio | (48.85) | (16.34) | (11.55) | (12.3) | (8.8K) | (8.4K) | |
| Ebt Per Ebit | 1.65 | (2.36) | 1.02 | 4.13 | 4.62 | 4.85 | |
| Effective Tax Rate | 0.008112 | 0.0517 | 0.005068 | 0.47 | 0.42 | 0.44 | |
| Return On Capital Employed | (0.53) | (2.8) | (0.3) | (0.65) | (0.41) | (0.39) |
Pair Trading with Contango ORE
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 Contango ORE 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 Contango ORE will appreciate offsetting losses from the drop in the long position's value.Moving against Contango Stock
The ability to find closely correlated positions to Contango ORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Contango ORE 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 Contango ORE - 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 Contango ORE to buy it.
The correlation of Contango ORE 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 Contango ORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contango ORE 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 Contango ORE 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Return On Assets (0.21) | Return On Equity (5.05) |
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.