Laramide Depreciation vs Change To Liabilities Analysis

LAM Stock  CAD 0.72  0.03  4.00%   
Laramide Resources financial indicator trend analysis is infinitely more than just investigating Laramide Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Laramide Resources is a good investment. Please check the relationship between Laramide Resources Depreciation and its Change To Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laramide Resources. 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.

Depreciation vs Change To Liabilities

Depreciation vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Laramide Resources Depreciation account and Change To Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Laramide Resources' Depreciation and Change To Liabilities is 0.22. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Laramide Resources, assuming nothing else is changed. The correlation between historical values of Laramide Resources' Depreciation and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Laramide Resources are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Depreciation i.e., Laramide Resources' Depreciation and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Depreciation

Depreciation indicates how much of Laramide Resources value has been used up. For tax purposes Laramide Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Laramide Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change To Liabilities

Most indicators from Laramide Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Laramide Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laramide Resources. 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, Laramide Resources' Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 156 M, while Selling General Administrative is likely to drop about 1.8 M.

Laramide Resources fundamental ratios Correlations

0.420.520.560.16-0.48-0.010.150.54-0.720.180.060.560.010.520.990.30.520.360.430.150.290.52-0.870.370.4
0.420.690.740.37-0.710.270.20.74-0.210.24-0.080.130.030.750.410.250.60.60.23-0.040.040.53-0.440.380.59
0.520.690.980.19-0.850.390.270.98-0.220.410.10.070.30.740.480.560.280.570.45-0.280.380.76-0.480.150.61
0.560.740.980.34-0.880.350.211.0-0.210.320.030.10.20.860.530.470.440.540.48-0.240.260.82-0.520.220.69
0.160.370.190.34-0.140.12-0.670.33-0.02-0.59-0.13-0.31-0.240.530.23-0.450.73-0.190.480.42-0.070.41-0.170.190.17
-0.48-0.71-0.85-0.88-0.14-0.38-0.51-0.880.21-0.50.18-0.41-0.15-0.82-0.46-0.47-0.4-0.5-0.30.4-0.1-0.730.61-0.41-0.86
-0.010.270.390.350.12-0.38-0.040.350.030.11-0.27-0.280.210.16-0.040.22-0.15-0.250.58-0.130.040.0-0.180.390.42
0.150.20.270.21-0.67-0.51-0.040.21-0.050.840.00.660.050.210.110.61-0.140.53-0.34-0.57-0.080.17-0.210.080.48
0.540.740.981.00.33-0.880.350.21-0.190.310.040.080.250.840.510.450.430.560.46-0.270.290.83-0.520.20.66
-0.72-0.21-0.22-0.21-0.020.210.03-0.05-0.19-0.24-0.19-0.480.2-0.12-0.69-0.26-0.28-0.13-0.41-0.36-0.43-0.130.65-0.19-0.09
0.180.240.410.32-0.59-0.50.110.840.31-0.240.290.44-0.010.190.120.86-0.260.490.0-0.290.230.13-0.13-0.070.32
0.06-0.080.10.03-0.130.18-0.270.00.04-0.190.29-0.140.12-0.140.020.22-0.060.220.140.150.460.070.1-0.82-0.44
0.560.130.070.1-0.31-0.41-0.280.660.08-0.480.44-0.14-0.180.220.570.190.290.26-0.24-0.14-0.110.17-0.60.380.44
0.010.030.30.2-0.24-0.150.210.050.250.2-0.010.12-0.18-0.1-0.05-0.06-0.240.190.07-0.370.330.16-0.21-0.16-0.07
0.520.750.740.860.53-0.820.160.210.84-0.120.19-0.140.22-0.10.540.270.710.530.38-0.18-0.010.87-0.510.320.75
0.990.410.480.530.23-0.46-0.040.110.51-0.690.120.020.57-0.050.540.230.580.310.420.180.190.5-0.860.410.43
0.30.250.560.47-0.45-0.470.220.610.45-0.260.860.220.19-0.060.270.23-0.30.490.22-0.190.350.21-0.110.010.3
0.520.60.280.440.73-0.4-0.15-0.140.43-0.28-0.26-0.060.29-0.240.710.58-0.30.230.220.24-0.070.62-0.560.280.39
0.360.60.570.54-0.19-0.5-0.250.530.56-0.130.490.220.260.190.530.310.490.23-0.15-0.40.250.59-0.25-0.10.28
0.430.230.450.480.48-0.30.58-0.340.46-0.410.00.14-0.240.070.380.420.220.22-0.150.30.350.32-0.440.110.2
0.15-0.04-0.28-0.240.420.4-0.13-0.57-0.27-0.36-0.290.15-0.14-0.37-0.180.18-0.190.24-0.40.30.28-0.30.010.1-0.48
0.290.040.380.26-0.07-0.10.04-0.080.29-0.430.230.46-0.110.33-0.010.190.35-0.070.250.350.280.28-0.24-0.25-0.36
0.520.530.760.820.41-0.730.00.170.83-0.130.130.070.170.160.870.50.210.620.590.32-0.30.28-0.540.030.53
-0.87-0.44-0.48-0.52-0.170.61-0.18-0.21-0.520.65-0.130.1-0.6-0.21-0.51-0.86-0.11-0.56-0.25-0.440.01-0.24-0.54-0.47-0.53
0.370.380.150.220.19-0.410.390.080.2-0.19-0.07-0.820.38-0.160.320.410.010.28-0.10.110.1-0.250.03-0.470.58
0.40.590.610.690.17-0.860.420.480.66-0.090.32-0.440.44-0.070.750.430.30.390.280.2-0.48-0.360.53-0.530.58
Click cells to compare fundamentals

Laramide Resources Account Relationship Matchups

Laramide Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets86.5M92.2M96.6M99.9M109.6M66.4M
Total Current Liabilities4.9M5.0M7.9M8.9K5.2M3.6M
Total Stockholder Equity71.6M76.9M78.7M52.8K96.6M53.7M
Property Plant And Equipment Net84.6M88.9M86.8M93.1K98.9M53.5M
Net Debt10.0M7.4M(820.4K)(1.6K)(4.7M)(4.5M)
Retained Earnings(100.3M)(105.7M)(114.6M)(115.2K)(119.9M)(113.9M)
Accounts Payable381.5K538.0K182.3K1.4K905.4K877.1K
Cash27.0K91.3K7.6M1.6K9.1M9.5M
Non Current Assets Total86.1M90.3M87.8M93.1K99.6M57.3M
Non Currrent Assets Other474.9K465.6K463.6K(93.1K)483.6K459.4K
Cash And Short Term Investments76.8K1.5M8.5M5.8K9.6M10.1M
Net Receivables51.9K66.3K106.2K134.3K146.0K177.7K
Common Stock Shares Outstanding138.0M164.7M176.5M206.8M228.8M240.3M
Liabilities And Stockholders Equity86.5M92.2M96.6M99.9M109.6M66.4M
Other Stockholder Equity27.9M33.2M30.0M(52.8K)30.6M50.2M
Total Liab14.8M15.3M17.8M12.7K13.0M8.7M
Property Plant And Equipment Gross84.6M88.9M90.2M96.7M102.1M57.5M
Total Current Assets344.0K1.8M8.8M6.3K10.0M5.1M
Short Long Term Debt Total10.0M7.4M6.8M6.0M4.3M4.9M
Other Current Liab787.8K3.3M7.2M7.5K4.1M2.7M
Current Deferred Revenue502.6K549.7K211.3K191.6K(905.45)(860.18)
Accumulated Other Comprehensive Income864.0K6.1M2.5M2.9M1.5M755.8K
Short Term Debt3.7M1.1M575.3K6.0M156.1K148.3K
Other Current Assets215.3K200.2K178.6K201.6K266.0K431.5K
Non Current Liabilities Total9.9M10.4M9.9M(1.4K)7.8M6.5M
Short Term Investments49.8K1.5M839.9K4.2K572.4K543.8K
Common Stock139.7M143.2M159.2M168.0K184.5M127.9M
Other Liab3.6M4.0M3.7M3.8M4.4M3.7M
Net Tangible Assets71.6M76.9M78.7M87.2M100.2M80.8M
Other Assets474.9K465.6K463.6K495.26445.73423.45
Long Term Debt6.0M6.2M6.2M4.2M4.8M6.1M
Short Long Term Debt3.7M1.1M575.3K6.0M156.1K148.3K
Property Plant Equipment84.6M88.9M86.8M93.1M107.1M89.8M
Long Term Investments1.0M964.5K548K0.0175.1K166.4K
Long Term Debt Total7.1M8.7M6.3M6.4M6.2M0.0
Capital Surpluse27.9M29.1M30.0M30.7M35.4M31.4M
Net Invested Capital81.7M84.3M85.5M93.2M101.0M95.9M
Net Working Capital(4.6M)(3.1M)823.1K(2.6M)4.8M5.1M

Pair Trading with Laramide Resources

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 Laramide Resources 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Laramide Stock

  0.87ENB-PFV Enbridge Pref 5PairCorr
  0.79ENB-PFU Enbridge Pref LPairCorr
  0.74ENS E Split CorpPairCorr
  0.64ENS-PA E Split CorpPairCorr

Moving against Laramide Stock

  0.52SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources 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 Laramide Resources - 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 Laramide Resources to buy it.
The correlation of Laramide Resources 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide Resources 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 Laramide Resources 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 CorrelationCorrelation Matching

Other Information on Investing in Laramide Stock

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