Silver Payout Ratio vs Roic 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 Payout Ratio and its Roic 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.
Payout Ratio vs Roic
Payout Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silver Elephant Mining Payout Ratio account and Roic. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Silver Elephant's Payout Ratio and Roic is -0.18. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Roic 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 Payout Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Silver Elephant Mining are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Payout Ratio i.e., Silver Elephant's Payout Ratio and Roic go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of Silver Elephant Mining earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Silver Elephant Mining dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Silver Elephant Mining is paying out more in dividends than it makes in net income.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.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 |
Silver Elephant fundamental ratios Correlations
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Silver Elephant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Silver Stock
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.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.