Ivanhoe Short Term Investments vs Property Plant And Equipment Net Analysis
IVN Stock | CAD 19.09 0.21 1.09% |
Ivanhoe Mines financial indicator trend analysis is infinitely more than just investigating Ivanhoe Mines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ivanhoe Mines is a good investment. Please check the relationship between Ivanhoe Mines Short Term Investments and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivanhoe 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.
Short Term Investments vs Property Plant And Equipment Net
Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ivanhoe Mines Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ivanhoe Mines' Short Term Investments and Property Plant And Equipment Net is -0.48. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Ivanhoe Mines, assuming nothing else is changed. The correlation between historical values of Ivanhoe Mines' Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Ivanhoe Mines are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Term Investments i.e., Ivanhoe Mines' Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Ivanhoe Mines balance sheet. It contains any investments Ivanhoe Mines undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ivanhoe Mines can easily liquidate in the marketplace.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Ivanhoe Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ivanhoe 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivanhoe 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, Ivanhoe Mines' Discontinued Operations is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 12.6 B, while Selling General Administrative is likely to drop about 8.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 32.9M | 17.3M | 8.1M | 6.9M | Depreciation And Amortization | 9.6M | 5.9M | 2.3M | 4.4M |
Ivanhoe Mines fundamental ratios Correlations
Click cells to compare fundamentals
Ivanhoe Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ivanhoe Mines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.4B | 2.4B | 3.2B | 4.0B | 5.0B | 5.3B | |
Other Current Liab | 4.0M | 5.5M | 5.4M | 6.3M | 1.5M | 1.4M | |
Total Current Liabilities | 32.2M | 23.0M | 32.0M | 67.2M | 197.8M | 207.7M | |
Total Stockholder Equity | 2.4B | 2.4B | 2.5B | 2.9B | 3.7B | 3.9B | |
Property Plant And Equipment Net | 700.6M | 725.1M | 742.3M | 902.8M | 1.4B | 1.5B | |
Net Debt | (650.4M) | (211.9M) | (117.5M) | (63.3M) | 87.1M | 91.5M | |
Retained Earnings | 63.6M | 43.7M | 98.9M | 509.8M | 819.2M | 860.2M | |
Accounts Payable | 21.3M | 17.2M | 22.8M | 57.4M | 96.9M | 101.8M | |
Cash | 702.8M | 262.8M | 608.2M | 583.9M | 560.3M | 335.1M | |
Non Current Assets Total | 1.7B | 2.1B | 2.5B | 3.3B | 4.4B | 4.6B | |
Non Currrent Assets Other | 113.6M | 69.0M | 72.4M | 138.7M | 4.2M | 4.0M | |
Cash And Short Term Investments | 704.0M | 263.1M | 608.2M | 583.9M | 560.3M | 336.4M | |
Net Receivables | 8.3M | 62.9M | 72.6M | 35.7M | 23.0M | 29.6M | |
Common Stock Total Equity | 1.1B | 1.8B | 2.3B | 2.3B | 2.6B | 2.8B | |
Liabilities And Stockholders Equity | 2.4B | 2.4B | 3.2B | 4.0B | 5.0B | 5.3B | |
Non Current Liabilities Total | 49.7M | 57.6M | 809.3M | 1.1B | 1.2B | 1.3B | |
Other Current Assets | 3.3M | 3.9M | 4.9M | 42.1M | 64.0M | 67.2M | |
Other Stockholder Equity | 128.5M | 131.8M | 141.1M | 141.5M | 147.9M | 130.4M | |
Total Liab | 81.9M | 80.6M | 841.2M | 1.1B | 1.4B | 1.5B | |
Property Plant And Equipment Gross | 700.6M | 725.1M | 781.4M | 954.0M | 1.5B | 1.6B | |
Total Current Assets | 716.6M | 331.0M | 686.7M | 662.7M | 648.8M | 378.7M | |
Accumulated Other Comprehensive Income | (30.9M) | (37.1M) | (62.5M) | (63.8M) | (58.8M) | (55.8M) | |
Short Term Debt | 5.1M | 350K | 3.8M | 3.6M | 87.4M | 91.7M | |
Common Stock | 2.3B | 2.3B | 2.3B | 2.3B | 2.8B | 2.9B | |
Common Stock Shares Outstanding | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 830.1M | |
Short Long Term Debt Total | 52.4M | 50.9M | 734.8M | 520.6M | 647.4M | 679.8M | |
Inventory | 1.1M | 1.0M | 995K | 1.0M | 1.5M | 1.4M | |
Other Liab | 2.4M | 7.0M | 322.4M | 543.9M | 625.5M | 656.8M | |
Net Tangible Assets | 2.4B | 2.4B | 2.5B | 2.9B | 3.4B | 1.8B | |
Other Assets | 114.3M | 69.4M | 145.6M | 212.7M | 244.6M | 256.9M | |
Long Term Debt | 32.3M | 39.0M | 719.8M | 506.2M | 549.3M | 576.7M | |
Property Plant Equipment | 700.6M | 725.1M | 742.3M | 902.8M | 1.0B | 1.1B | |
Long Term Investments | 913.3M | 1.3B | 1.6B | 2.1B | 2.6B | 2.7B | |
Long Term Debt Total | 47.3M | 50.5M | 731.1M | 517.0M | 594.5M | 624.3M | |
Net Invested Capital | 2.5B | 2.5B | 3.2B | 3.4B | 4.3B | 3.0B | |
Net Working Capital | 684.4M | 308.0M | 654.8M | 595.4M | 451.1M | 539.4M |
Pair Trading with Ivanhoe Mines
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 Ivanhoe Mines 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 Ivanhoe Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Ivanhoe Stock
The ability to find closely correlated positions to Ivanhoe Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ivanhoe Mines 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 Ivanhoe Mines - 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 Ivanhoe Mines to buy it.
The correlation of Ivanhoe Mines 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 Ivanhoe Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ivanhoe 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 Ivanhoe Mines 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 Ivanhoe Stock
Balance Sheet is a snapshot of the financial position of Ivanhoe Mines at a specified time, usually calculated after every quarter, six months, or one year. Ivanhoe Mines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ivanhoe Mines 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 Ivanhoe currently owns. An asset can also be divided into two categories, current and non-current.