Dynacor Current Deferred Revenue vs Other Stockholder Equity Analysis
DNG Stock | CAD 5.99 0.03 0.50% |
Dynacor Gold financial indicator trend analysis is much more than just examining Dynacor Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dynacor Gold Mines is a good investment. Please check the relationship between Dynacor Gold Current Deferred Revenue and its Other Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynacor Gold Mines. 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.
Current Deferred Revenue vs Other Stockholder Equity
Current Deferred Revenue vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dynacor Gold Mines Current Deferred Revenue account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dynacor Gold's Current Deferred Revenue and Other Stockholder Equity is -0.45. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Dynacor Gold Mines, assuming nothing else is changed. The correlation between historical values of Dynacor Gold's Current Deferred Revenue and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Dynacor Gold Mines are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Current Deferred Revenue i.e., Dynacor Gold's Current Deferred Revenue and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Other Stockholder Equity
Most indicators from Dynacor Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dynacor Gold Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynacor Gold Mines. 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, Dynacor Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.76, while Selling General Administrative is likely to drop about 3.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 181.2K | 206.8K | 316.6K | 306.1K | Depreciation And Amortization | 2.6M | 3.2M | 3.3M | 1.9M |
Dynacor Gold fundamental ratios Correlations
Click cells to compare fundamentals
Dynacor Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dynacor Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 74.8M | 76.3M | 91.4M | 96.9M | 111.8M | 58.2M | |
Short Long Term Debt Total | 4.3M | 706.7K | 344.0K | 701.2K | 635.7K | 603.9K | |
Other Current Liab | 1.8M | 2.5M | 5.0M | 2.9M | 4.2M | 2.1M | |
Total Current Liabilities | 10.3M | 8.4M | 14.0M | 11.2M | 17.2M | 18.1M | |
Total Stockholder Equity | 60.0M | 62.7M | 72.0M | 80.3M | 89.6M | 47.2M | |
Property Plant And Equipment Net | 41.3M | 39.0M | 39.6M | 40.6M | 43.8M | 29.5M | |
Net Debt | (2.4M) | (11.2M) | (26.6M) | (24.7M) | (21.3M) | (20.2M) | |
Retained Earnings | 35.8M | 38.2M | 47.0M | 54.6M | 64.0M | 67.2M | |
Accounts Payable | 5.0M | 5.7M | 8.9M | 8.2M | 11.2M | 11.8M | |
Cash | 6.7M | 11.9M | 26.9M | 25.4M | 21.9M | 23.0M | |
Non Current Assets Total | 44.9M | 42.5M | 40.9M | 42.0M | 43.8M | 30.5M | |
Non Currrent Assets Other | 41.0M | 41.6M | 3.4M | 1.3M | 1.5M | 1.5M | |
Cash And Short Term Investments | 6.7M | 11.9M | 26.9M | 25.4M | 22.5M | 23.6M | |
Net Receivables | 4.1M | 8.2M | 8.3M | 6.3M | 4.0M | 4.7M | |
Common Stock Shares Outstanding | 39.6M | 39.3M | 39.7M | 39.6M | 38.9M | 39.9M | |
Liabilities And Stockholders Equity | 74.8M | 76.3M | 91.4M | 96.9M | 111.8M | 58.2M | |
Non Current Liabilities Total | 4.5M | 5.1M | 5.3M | 5.4M | 5.0M | 3.6M | |
Inventory | 18.3M | 13.4M | 14.8M | 16.4M | 31.9M | 33.5M | |
Other Current Assets | 809.9K | 398.6K | 464.4K | 6.6M | 9.7M | 10.1M | |
Other Stockholder Equity | 3.5M | 3.5M | 3.5M | 3.2M | 3.7M | 3.5M | |
Total Liab | 14.9M | 13.6M | 19.3M | 16.6M | 22.2M | 23.3M | |
Property Plant And Equipment Gross | 41.3M | 39.0M | 52.3M | 56.2M | 61.5M | 32.5M | |
Total Current Assets | 30.0M | 33.8M | 50.4M | 54.9M | 68.0M | 71.4M | |
Short Term Debt | 3.6M | 223.9K | 110.6K | 66.1K | 56.9K | 54.0K | |
Other Assets | 3.6M | 3.4M | 1.3M | 1.3M | 1.5M | 1.3M | |
Common Stock | 20.6M | 21.0M | 21.5M | 22.4M | 21.9M | 21.6M | |
Other Liab | 3.8M | 4.6M | 5.1M | 4.8M | 5.5M | 4.0M | |
Net Tangible Assets | 60.0M | 62.7M | 72.0M | 80.3M | 92.3M | 60.0M | |
Property Plant Equipment | 41.3M | 39.0M | 39.6M | 40.6M | 46.7M | 38.5M | |
Long Term Debt Total | 756.9K | 482.9K | 233.4K | 635.2K | 571.6K | 909.2K | |
Capital Surpluse | 3.5M | 3.5M | 3.5M | 3.2M | 3.7M | 3.7M | |
Capital Lease Obligations | 1.3M | 706.7K | 344.0K | 701.2K | 635.7K | 554.6K | |
Net Invested Capital | 63.0M | 62.7M | 72.0M | 80.3M | 89.6M | 74.9M | |
Net Working Capital | 19.6M | 25.4M | 36.4M | 43.7M | 50.8M | 33.2M |
Pair Trading with Dynacor 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 Dynacor 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 Dynacor Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Dynacor Stock
0.8 | AG | First Majestic Silver | PairCorr |
0.84 | IE | Ivanhoe Energy | PairCorr |
0.85 | FDY | Faraday Copper Corp | PairCorr |
Moving against Dynacor Stock
The ability to find closely correlated positions to Dynacor 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 Dynacor 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 Dynacor 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 Dynacor Gold Mines to buy it.
The correlation of Dynacor 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 Dynacor Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynacor Gold Mines 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 Dynacor 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 Dynacor Stock
Balance Sheet is a snapshot of the financial position of Dynacor Gold Mines at a specified time, usually calculated after every quarter, six months, or one year. Dynacor Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dynacor 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 Dynacor currently owns. An asset can also be divided into two categories, current and non-current.