Silver Invested Capital vs Net Income Per Share Analysis

ELEF Stock

CAD 0.45 0.01 2.27%

Silver Elephant financial indicator trend analysis is much more than just breaking down Silver Elephant Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Silver Elephant Mining is a good investment. Please check the relationship between Silver Elephant Invested Capital and its Net Income Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Silver Elephant Mining. 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.

Invested Capital vs Net Income Per Share

Invested Capital vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silver Elephant Mining Invested Capital account and Net Income Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Silver Elephant's Invested Capital and Net Income Per Share is -0.5. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Silver Elephant Mining, assuming nothing else is changed. The correlation between historical values of Silver Elephant's Invested Capital and Net Income 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 Invested Capital of Silver Elephant Mining are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Invested Capital i.e., Silver Elephant's Invested Capital and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Silver Elephant Mining. There are two different methods for calculating Silver Elephant Mining invested capital: operating approach and financing approach. Understanding Silver Elephant invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Net Income Per Share

Most indicators from Silver Elephant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Silver Elephant Mining 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 Silver Elephant Mining. 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, Silver Elephant's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value is likely to grow to about 13.6 M, while Issuance Of Capital Stock is likely to drop about 1.5 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	5.7M	8.2M	6.5M	3.5M
Cost Of Revenue	22.1K	151.3K	543.1K	570.3K

Total Operating Expenses Cost Of Revenue

Silver Elephant 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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Current Liabilities Total	Short Long Term Debt Total	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.07	0.16	0.9	0.88	0.13	0.12	0.1	0.03	0.95	0.04	0.35	0.2	0.12	0.18	0.04	-0.02	0.7	0.3	0.38	-0.45	0.51	0.14	-0.07	-0.2	0.33
Other Current Liab	0.07		0.8	0.08	-0.32	0.17	-0.48	0.66	-0.04	-0.07	0.77	-0.14	-0.25	0.58	0.5	-0.5	0.58	0.44	0.42	0.2	-0.14	-0.01	-0.75	0.43	-0.54	0.61
Total Current Liabilities	0.16	0.8		0.14	-0.26	0.61	-0.45	0.62	-0.22	0.06	0.68	-0.09	-0.19	0.51	0.35	-0.2	0.78	0.41	0.32	0.63	-0.16	0.15	-0.63	0.25	-0.32	0.47
Total Stockholder Equity	0.9	0.08	0.14		0.75	0.05	0.26	-0.11	0.08	0.81	-0.04	0.49	0.33	-0.11	0.26	0.17	-0.19	0.53	0.44	0.43	-0.67	0.51	0.23	-0.26	-0.14	0.34
Property Plant And Equipment Net	0.88	-0.32	-0.26	0.75		-0.04	0.26	-0.07	0.04	0.91	-0.26	0.28	0.26	-0.05	-0.06	0.17	-0.3	0.53	0.04	0.09	-0.32	0.36	0.35	-0.14	-0.05	0.08
Net Debt	0.13	0.17	0.61	0.05	-0.04		0.09	0.19	-0.76	0.15	0.2	-0.4	0.17	0.1	0.0	0.19	0.43	0.16	-0.05	0.67	-0.02	0.45	-0.07	-0.29	0.15	0.04
Retained Earnings	0.12	-0.48	-0.45	0.26	0.26	0.09		-0.79	-0.3	0.16	-0.4	0.02	0.3	-0.63	-0.15	0.29	-0.65	-0.18	-0.1	0.13	-0.02	0.72	0.65	-0.81	0.52	-0.31
Accounts Payable	0.1	0.66	0.62	-0.11	-0.07	0.19	-0.79		0.0	0.11	0.68	-0.26	-0.35	0.82	0.08	-0.39	0.69	0.57	-0.06	0.04	0.03	-0.38	-0.84	0.68	-0.58	0.44
Cash	0.03	-0.04	-0.22	0.08	0.04	-0.76	-0.3	0.0		0.04	0.11	0.8	-0.26	0.27	-0.2	-0.31	-0.12	0.12	-0.05	-0.16	-0.11	-0.36	-0.2	0.37	-0.3	-0.01
Non Current Assets Total	0.95	-0.07	0.06	0.81	0.91	0.15	0.16	0.11	0.04		0.07	0.36	0.21	0.19	-0.11	0.08	-0.06	0.76	0.0	0.4	-0.36	0.49	0.12	-0.11	-0.13	0.16
Non Currrent Assets Other	0.04	0.77	0.68	-0.04	-0.26	0.2	-0.4	0.68	0.11	0.07		0.04	-0.19	0.81	-0.12	-0.42	0.59	0.68	-0.17	0.37	0.03	0.01	-0.89	0.28	-0.34	0.25
Cash And Short Term Investments	0.35	-0.14	-0.09	0.49	0.28	-0.4	0.02	-0.26	0.8	0.36	0.04		0.08	0.06	-0.24	0.01	-0.17	0.23	0.03	0.33	-0.36	0.08	0.06	-0.08	-0.04	-0.13
Net Receivables	0.2	-0.25	-0.19	0.33	0.26	0.17	0.3	-0.35	-0.26	0.21	-0.19	0.08		-0.32	-0.11	0.47	-0.39	0.03	0.03	0.11	-0.47	0.09	0.39	-0.61	0.32	-0.18
Common Stock Shares Outstanding	0.12	0.58	0.51	-0.11	-0.05	0.1	-0.63	0.82	0.27	0.19	0.81	0.06	-0.32		-0.2	-0.63	0.54	0.69	-0.26	0.14	0.07	-0.19	-0.84	0.58	-0.61	0.34
Other Current Assets	0.18	0.5	0.35	0.26	-0.06	0.0	-0.15	0.08	-0.2	-0.11	-0.12	-0.24	-0.11	-0.2		-0.18	0.17	-0.14	0.95	-0.17	-0.18	0.08	0.04	0.25	-0.27	0.63
Other Stockholder Equity	0.04	-0.5	-0.2	0.17	0.17	0.19	0.29	-0.39	-0.31	0.08	-0.42	0.01	0.47	-0.63	-0.18		-0.1	-0.26	-0.1	0.24	-0.1	-0.01	0.46	-0.52	0.7	-0.47
Total Liab	-0.02	0.58	0.78	-0.19	-0.3	0.43	-0.65	0.69	-0.12	-0.06	0.59	-0.17	-0.39	0.54	0.17	-0.1		0.3	0.08	0.38	0.36	-0.16	-0.68	0.54	-0.09	0.12
Property Plant And Equipment Gross	0.7	0.44	0.41	0.53	0.53	0.16	-0.18	0.57	0.12	0.76	0.68	0.23	0.03	0.69	-0.14	-0.26	0.3		-0.12	0.39	-0.21	0.27	-0.52	0.16	-0.35	0.3
Total Current Assets	0.3	0.42	0.32	0.44	0.04	-0.05	-0.1	-0.06	-0.05	0.0	-0.17	0.03	0.03	-0.26	0.95	-0.1	0.08	-0.12		-0.04	-0.36	0.13	0.15	0.13	-0.23	0.58
Short Term Debt	0.38	0.2	0.63	0.43	0.09	0.67	0.13	0.04	-0.16	0.4	0.37	0.33	0.11	0.14	-0.17	0.24	0.38	0.39	-0.04		-0.27	0.55	-0.13	-0.36	0.16	-0.06
Non Current Liabilities Total	-0.45	-0.14	-0.16	-0.67	-0.32	-0.02	-0.02	0.03	-0.11	-0.36	0.03	-0.36	-0.47	0.07	-0.18	-0.1	0.36	-0.21	-0.36	-0.27		-0.09	-0.13	0.3	0.36	-0.42
Short Long Term Debt Total	0.51	-0.01	0.15	0.51	0.36	0.45	0.72	-0.38	-0.36	0.49	0.01	0.08	0.09	-0.19	0.08	-0.01	-0.16	0.27	0.13	0.55	-0.09		0.33	-0.55	0.21	0.05
Intangible Assets	0.14	-0.75	-0.63	0.23	0.35	-0.07	0.65	-0.84	-0.2	0.12	-0.89	0.06	0.39	-0.84	0.04	0.46	-0.68	-0.52	0.15	-0.13	-0.13	0.33		-0.54	0.43	-0.27
Common Stock	-0.07	0.43	0.25	-0.26	-0.14	-0.29	-0.81	0.68	0.37	-0.11	0.28	-0.08	-0.61	0.58	0.25	-0.52	0.54	0.16	0.13	-0.36	0.3	-0.55	-0.54		-0.64	0.43
Other Liab	-0.2	-0.54	-0.32	-0.14	-0.05	0.15	0.52	-0.58	-0.3	-0.13	-0.34	-0.04	0.32	-0.61	-0.27	0.7	-0.09	-0.35	-0.23	0.16	0.36	0.21	0.43	-0.64		-0.82
Net Tangible Assets	0.33	0.61	0.47	0.34	0.08	0.04	-0.31	0.44	-0.01	0.16	0.25	-0.13	-0.18	0.34	0.63	-0.47	0.12	0.3	0.58	-0.06	-0.42	0.05	-0.27	0.43	-0.82

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Silver Elephant Account Relationship Matchups

Silver Elephant fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.4M	39.8M	62.0M	88.1M	50.7M	32.0M
Other Current Liab	2.4M	41.2K	6.8M	44K	6.9M	7.2M
Total Current Liabilities	2.5M	1.8M	9.3M	3.8M	10.9M	11.4M
Total Stockholder Equity	24.7M	37.4M	49.2M	30.1M	21.9M	23.1M
Property Plant And Equipment Net	24.0M	32.0M	21.2M	86.4M	4.3M	4.1M
Net Debt	(3.0M)	(7.6M)	(579.5K)	3.0M	1.8M	1.9M
Retained Earnings	(180.5M)	(185.1M)	(191.9M)	(198.9M)	(226.9M)	(215.6M)
Accounts Payable	2.4M	1.7M	2.5M	3.4M	3.9M	4.1M
Cash	3.0M	7.6M	579.5K	1.0M	2.2M	3.2M
Non Current Assets Total	24.0M	32.0M	21.2M	86.5M	48.2M	25.8M
Cash And Short Term Investments	3.0M	7.6M	579.5K	1.0M	2.2M	3.8M
Net Receivables	246.7K	75.8K	79.0K	225.3K	82.6K	78.5K
Common Stock Shares Outstanding	10.2M	13.8M	2.1M	26.5M	32.6M	34.2M
Liabilities And Stockholders Equity	27.4M	39.8M	62.0M	88.1M	50.7M	32.0M
Other Current Assets	135.8K	114.7K	40.2M	373.8K	284.7K	270.5K
Other Stockholder Equity	24.1M	24.9M	26.3M	463.7K	533.3K	506.6K
Total Liab	2.7M	2.5M	11.4M	9.6M	15.4M	16.2M
Property Plant And Equipment Gross	24.0M	32.0M	21.7M	87.1M	100.2M	105.2M
Total Current Assets	3.4M	7.8M	40.8M	1.6M	2.6M	2.4M
Accumulated Other Comprehensive Income	24.1M	24.9M	26.3M	12.1M	29.3M	30.7M
Short Term Debt	0.0	32.3K	20.5K	340.3K	4.0M	4.2M
Non Current Liabilities Total	287.3K	695.3K	2.0M	5.8M	4.5M	4.4M
Common Stock	181.1M	197.6M	214.8M	217.0M	219.6M	168.0M
Other Liab	266.8K	695.3K	2.0M	2.0M	1.8M	3.3M
Net Tangible Assets	24.7M	37.4M	49.2M	28.4M	32.6M	25.8M
Property Plant Equipment	24.0M	32.0M	21.2M	70.1M	80.6M	84.6M
Net Invested Capital	24.7M	37.4M	49.2M	34.2M	39.3M	28.1M
Net Working Capital	947.5K	6.0M	31.5M	(2.2M)	(2.5M)	(2.4M)
Capital Stock	181.1M	197.6M	214.8M	217.0M	249.5M	216.5M

Pair Trading with Silver Elephant

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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.

Moving together with Silver Stock

0.62	AG	First Majestic Silver	Pair Corr
0.63	ORE	Orezone Gold Corp	Pair Corr

Moving against Silver Stock

0.31

NovaGold Resources

Pair Corr

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

The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Stock

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

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Silver Invested Capital vs Net Income Per Share Analysis

Invested Capital vs Net Income Per Share

Invested Capital vs Net Income Per Share Correlation Analysis

Correlation Coefficient

Invested Capital

Net Income Per Share

Silver Elephant fundamental ratios Correlations

Silver Elephant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Silver Elephant fundamental ratios Accounts

Pair Trading with Silver Elephant

Moving together with Silver Stock

Moving against Silver Stock

Other Information on Investing in Silver Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.95	Total Assets
Total Current Assets	+ 0.95	Other Current Assets
Non Current Assets Total	+ 0.91	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.9	Total Assets
Property Plant And Equipment Net	+ 0.88	Total Assets
Common Stock Shares Outstanding	+ 0.82	Accounts Payable

Intangible Assets	- 0.89	Non Currrent Assets Other
Intangible Assets	- 0.84	Common Stock Shares Outstanding
Intangible Assets	- 0.84	Accounts Payable
Net Tangible Assets	- 0.82	Other Liab
Common Stock	- 0.81	Retained Earnings
Accounts Payable	- 0.79	Retained Earnings