Fury Free Cash Flow Per Share vs Roic Analysis

FURY Stock

CAD 0.60 0.03 5.26%

Fury Gold financial indicator trend analysis is much more than just examining Fury Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fury Gold Mines is a good investment. Please check the relationship between Fury Gold Free Cash Flow Per Share and its Roic accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fury 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.

Free Cash Flow Per Share vs Roic

Free Cash Flow Per Share vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fury Gold Mines Free Cash Flow Per Share account and Roic. At this time, the significance of the direction appears to have no relationship.

The correlation between Fury Gold's Free Cash Flow Per Share and Roic is 0.04. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Roic in the same time period over historical financial statements of Fury Gold Mines, assuming nothing else is changed. The correlation between historical values of Fury Gold's Free Cash Flow Per Share 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 Free Cash Flow Per Share of Fury Gold Mines 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 Free Cash Flow Per Share i.e., Fury Gold's Free Cash Flow Per Share and Roic go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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 Fury Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fury 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 Fury 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.

As of the 30th of November 2024, Issuance Of Capital Stock is likely to grow to about 10.8 M, while Selling General Administrative is likely to drop about 1.2 M.

Fury Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Inventory	Other Current Assets	Common Stock	Other Current Liab	Non Currrent Assets Other	Short Term Investments	Other Assets	Property Plant Equipment	Other Liab	Net Tangible Assets	Non Current Liabilities Total
Total Assets		0.54	1.0	-0.72	-0.87	0.23	0.69	1.0	0.68	0.67	0.94	0.93	0.73	0.7	0.94	0.75	0.46	0.97	0.47	0.29	0.03	-0.07	0.91	0.88	0.81	0.91
Total Current Liabilities	0.54		0.51	-0.6	-0.63	-0.26	0.69	0.52	0.72	0.67	0.38	0.36	0.95	0.73	0.66	0.45	0.4	0.59	0.96	0.54	0.46	-0.33	0.64	0.6	0.55	0.61
Total Stockholder Equity	1.0	0.51		-0.72	-0.86	0.25	0.68	1.0	0.67	0.66	0.95	0.93	0.71	0.69	0.94	0.75	0.45	0.97	0.44	0.28	0.01	-0.06	0.9	0.87	0.81	0.9
Net Debt	-0.72	-0.6	-0.72		0.54	-0.01	-0.97	-0.7	-0.96	-0.75	-0.54	-0.51	-0.66	-0.95	-0.68	-0.42	-0.27	-0.66	-0.67	-0.24	-0.58	0.35	-0.72	-0.71	-0.76	-0.72
Retained Earnings	-0.87	-0.63	-0.86	0.54		-0.04	-0.56	-0.87	-0.57	-0.4	-0.92	-0.9	-0.79	-0.57	-0.83	-0.74	-0.48	-0.96	-0.51	-0.48	0.05	0.04	-0.87	-0.88	-0.75	-0.9
Accounts Payable	0.23	-0.26	0.25	-0.01	-0.04		-0.12	0.24	-0.1	0.2	0.27	0.26	-0.16	-0.05	0.12	0.47	0.26	0.16	-0.38	-0.49	-0.35	0.51	-0.02	-0.08	-0.14	-0.09
Cash	0.69	0.69	0.68	-0.97	-0.56	-0.12		0.66	1.0	0.77	0.51	0.48	0.75	0.99	0.71	0.44	0.32	0.65	0.73	0.24	0.56	-0.31	0.75	0.75	0.78	0.74
Non Current Assets Total	1.0	0.52	1.0	-0.7	-0.87	0.24	0.66		0.66	0.64	0.95	0.93	0.72	0.67	0.94	0.75	0.45	0.98	0.45	0.29	0.0	-0.06	0.91	0.87	0.81	0.91
Cash And Short Term Investments	0.68	0.72	0.67	-0.96	-0.57	-0.1	1.0	0.66		0.79	0.5	0.46	0.77	1.0	0.71	0.45	0.36	0.65	0.76	0.25	0.57	-0.32	0.75	0.74	0.77	0.73
Net Receivables	0.67	0.67	0.66	-0.75	-0.4	0.2	0.77	0.64	0.79		0.43	0.39	0.7	0.82	0.76	0.58	0.39	0.56	0.65	0.08	0.34	-0.08	0.6	0.54	0.54	0.54
Common Stock Shares Outstanding	0.94	0.38	0.95	-0.54	-0.92	0.27	0.51	0.95	0.5	0.43		0.99	0.61	0.51	0.84	0.78	0.45	0.97	0.27	0.26	-0.18	0.06	0.84	0.84	0.73	0.87
Other Stockholder Equity	0.93	0.36	0.93	-0.51	-0.9	0.26	0.48	0.93	0.46	0.39	0.99		0.58	0.47	0.81	0.75	0.33	0.95	0.24	0.22	-0.15	0.0	0.83	0.83	0.73	0.86
Total Liab	0.73	0.95	0.71	-0.66	-0.79	-0.16	0.75	0.72	0.77	0.7	0.61	0.58		0.79	0.84	0.6	0.5	0.77	0.89	0.52	0.29	-0.24	0.83	0.79	0.72	0.79
Total Current Assets	0.7	0.73	0.69	-0.95	-0.57	-0.05	0.99	0.67	1.0	0.82	0.51	0.47	0.79		0.74	0.5	0.41	0.66	0.75	0.24	0.53	-0.27	0.75	0.74	0.75	0.73
Property Plant And Equipment Net	0.94	0.66	0.94	-0.68	-0.83	0.12	0.71	0.94	0.71	0.76	0.84	0.81	0.84	0.74		0.73	0.49	0.92	0.6	0.36	0.03	-0.09	0.94	0.89	0.83	0.9
Inventory	0.75	0.45	0.75	-0.42	-0.74	0.47	0.44	0.75	0.45	0.58	0.78	0.75	0.6	0.5	0.73		0.54	0.77	0.26	0.05	-0.28	0.3	0.59	0.55	0.41	0.57
Other Current Assets	0.46	0.4	0.45	-0.27	-0.48	0.26	0.32	0.45	0.36	0.39	0.45	0.33	0.5	0.41	0.49	0.54		0.48	0.29	0.28	-0.21	0.37	0.4	0.36	0.24	0.36
Common Stock	0.97	0.59	0.97	-0.66	-0.96	0.16	0.65	0.98	0.65	0.56	0.97	0.95	0.77	0.66	0.92	0.77	0.48		0.5	0.39	0.0	-0.06	0.92	0.9	0.8	0.93
Other Current Liab	0.47	0.96	0.44	-0.67	-0.51	-0.38	0.73	0.45	0.76	0.65	0.27	0.24	0.89	0.75	0.6	0.26	0.29	0.5		0.64	0.61	-0.51	0.62	0.59	0.6	0.6
Non Currrent Assets Other	0.29	0.54	0.28	-0.24	-0.48	-0.49	0.24	0.29	0.25	0.08	0.26	0.22	0.52	0.24	0.36	0.05	0.28	0.39	0.64		0.16	-0.49	0.44	0.42	0.42	0.49
Short Term Investments	0.03	0.46	0.01	-0.58	0.05	-0.35	0.56	0.0	0.57	0.34	-0.18	-0.15	0.29	0.53	0.03	-0.28	-0.21	0.0	0.61	0.16		-0.7	0.18	0.21	0.35	0.2
Other Assets	-0.07	-0.33	-0.06	0.35	0.04	0.51	-0.31	-0.06	-0.32	-0.08	0.06	0.0	-0.24	-0.27	-0.09	0.3	0.37	-0.06	-0.51	-0.49	-0.7		-0.3	-0.29	-0.45	-0.31
Property Plant Equipment	0.91	0.64	0.9	-0.72	-0.87	-0.02	0.75	0.91	0.75	0.6	0.84	0.83	0.83	0.75	0.94	0.59	0.4	0.92	0.62	0.44	0.18	-0.3		0.98	0.96	0.98
Other Liab	0.88	0.6	0.87	-0.71	-0.88	-0.08	0.75	0.87	0.74	0.54	0.84	0.83	0.79	0.74	0.89	0.55	0.36	0.9	0.59	0.42	0.21	-0.29	0.98		0.97	0.99
Net Tangible Assets	0.81	0.55	0.81	-0.76	-0.75	-0.14	0.78	0.81	0.77	0.54	0.73	0.73	0.72	0.75	0.83	0.41	0.24	0.8	0.6	0.42	0.35	-0.45	0.96	0.97		0.95
Non Current Liabilities Total	0.91	0.61	0.9	-0.72	-0.9	-0.09	0.74	0.91	0.73	0.54	0.87	0.86	0.79	0.73	0.9	0.57	0.36	0.93	0.6	0.49	0.2	-0.31	0.98	0.99	0.95

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Fury Gold Account Relationship Matchups

Fury Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.0M	182.1M	167.0M	200.6M	189.2M	198.6M
Total Current Liabilities	4.0M	11.3M	5.1M	1.3M	1.7M	1.8M
Total Stockholder Equity	36.8M	166.3M	157.4M	194.8M	182.9M	192.0M
Net Debt	2.3M	(15.1M)	(2.8M)	(9.9M)	(7.1M)	(6.7M)
Retained Earnings	(102.6M)	(140.0M)	(156.7M)	(131.8M)	(149.1M)	(141.6M)
Accounts Payable	832.0	3.2K	1.7K	908.0	931K	977.6K
Cash	660K	15.4M	3.3M	10.3M	7.3M	3.8M
Non Current Assets Total	41.3M	162.4M	162.3M	188.7M	179.7M	188.7M
Cash And Short Term Investments	1.0M	18.0M	3.9M	10.9M	8.5M	4.3M
Net Receivables	55K	827K	322K	369K	374K	229.9K
Common Stock Shares Outstanding	63.5M	80.4M	119.7M	139.5M	144.2M	151.4M
Liabilities And Stockholders Equity	43.0M	182.1M	167.0M	200.6M	189.2M	198.6M
Other Stockholder Equity	10.0M	11.5M	18.6M	20.3M	23.4M	24.5M
Total Liab	6.1M	15.8M	9.7M	5.8M	6.3M	3.5M
Total Current Assets	1.7M	19.6M	4.7M	11.9M	9.4M	5.0M
Property Plant And Equipment Net	41.0M	162.0M	161.9M	146.1M	143.2M	88.3M
Accumulated Other Comprehensive Income	22K	11.5M	18.6M	(3K)	21.7M	22.7M
Other Current Assets	651K	785K	502K	602K	592K	469.4K
Common Stock	129.4M	294.7M	295.5M	306.3M	310.3M	325.8M
Other Current Liab	1.1M	11.2M	5.0M	1.1M	647.9K	615.5K
Non Currrent Assets Other	149K	243K	316K	186K	111K	187.9K
Short Term Investments	346K	2.7M	605K	582K	1.2M	1.0M
Other Assets	313K	264K	0.0	186K	167.4K	131.3K
Property Plant Equipment	41.0M	162.0M	161.9M	146.1M	168.0M	93.2M
Other Liab	1.9M	2.1M	4.3M	4.2M	4.8M	2.9M
Net Tangible Assets	40.5M	36.8M	166.3M	157.4M	181.0M	92.4M
Non Current Liabilities Total	2.1M	4.5M	4.5M	4.5M	4.6M	3.5M
Short Term Debt	2.9M	55K	104K	160K	154K	146.3K
Net Invested Capital	39.8M	166.3M	157.4M	194.8M	182.9M	138.5M
Net Working Capital	(2.3M)	8.4M	(428K)	10.6M	7.7M	4.5M
Capital Stock	129.4M	294.7M	295.5M	306.3M	310.3M	267.3M

Pair Trading with Fury 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 Fury 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 Fury Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fury Stock

0.85	AG	First Majestic Silver	Pair Corr
0.63	IE	Ivanhoe Energy	Pair Corr

Moving against Fury Stock

0.33

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to Fury 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 Fury 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 Fury 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 Fury Gold Mines to buy it.

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

Pair Correlation Correlation Matching

When determining whether Fury Gold Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fury Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fury Gold Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fury Gold Mines Stock:

How To Invest In Fury

Details

Is Fury Stock a good investment?

Details

What is Fury Gold's Net Worth?

Details

Largest Diversified Metals & Mining Companies

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Largest Other Industrial Metals & Mining Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fury 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.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Please note, there is a significant difference between Fury Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fury Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fury Gold'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Fury Free Cash Flow Per Share vs Roic Analysis

Free Cash Flow Per Share vs Roic

Free Cash Flow Per Share vs Roic Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Roic

Fury Gold fundamental ratios Correlations

Fury Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fury Gold fundamental ratios Accounts

Pair Trading with Fury Gold

Moving together with Fury Stock

Moving against Fury Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 0.99	Cash

Cash	- 0.97	Net Debt
Common Stock	- 0.96	Retained Earnings
Cash And Short Term Investments	- 0.96	Net Debt
Total Current Assets	- 0.95	Net Debt
Common Stock Shares Outstanding	- 0.92	Retained Earnings
Non Current Liabilities Total	- 0.9	Retained Earnings