Solitario Capex To Depreciation vs Book Value Per Share Analysis

SLR Stock  CAD 0.87  0.05  6.10%   
Solitario Exploration financial indicator trend analysis is much more than just breaking down Solitario Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solitario Exploration is a good investment. Please check the relationship between Solitario Exploration Capex To Depreciation and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. 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.

Capex To Depreciation vs Book Value Per Share

Capex To Depreciation vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solitario Exploration Capex To Depreciation account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Solitario Exploration's Capex To Depreciation and Book Value Per Share is -0.65. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Solitario Exploration Royalty, assuming nothing else is changed. The correlation between historical values of Solitario Exploration's Capex To Depreciation and Book Value 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 Capex To Depreciation of Solitario Exploration Royalty are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Capex To Depreciation i.e., Solitario Exploration's Capex To Depreciation and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Solitario Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solitario Exploration 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. 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 23rd of November 2024, Enterprise Value is likely to grow to about 46.1 M, while Selling General Administrative is likely to drop 1,587.
 2023 2024 (projected)
Discontinued Operations11.1M9.8M
Cost Of Revenue25K23.8K

Solitario Exploration fundamental ratios Correlations

-0.25-0.69-0.20.760.610.460.15-0.670.4-0.290.59-0.260.30.74-0.11-0.030.81-0.150.610.33-0.32-0.130.820.770.57
-0.250.110.92-0.76-0.080.440.50.160.18-0.110.250.76-0.62-0.540.870.31-0.440.96-0.08-0.540.870.98-0.56-0.57-0.51
-0.690.110.11-0.43-0.2-0.640.060.9-0.33-0.02-0.24-0.08-0.41-0.66-0.070.31-0.79-0.01-0.2-0.420.19-0.09-0.63-0.58-0.39
-0.20.920.11-0.64-0.040.460.50.150.25-0.150.260.6-0.57-0.470.650.39-0.40.82-0.04-0.510.950.85-0.5-0.49-0.43
0.76-0.76-0.43-0.640.420.05-0.22-0.420.08-0.10.2-0.730.590.78-0.71-0.080.77-0.750.420.54-0.7-0.690.860.820.69
0.61-0.08-0.2-0.040.42-0.010.46-0.420.23-0.560.89-0.22-0.380.64-0.01-0.040.56-0.021.0-0.42-0.02-0.050.680.670.13
0.460.44-0.640.460.05-0.010.24-0.50.4-0.070.310.240.020.160.360.30.310.43-0.010.110.240.550.130.10.08
0.150.50.060.5-0.220.460.24-0.090.28-0.920.660.41-0.65-0.060.420.3-0.070.490.46-0.620.450.48-0.05-0.040.16
-0.670.160.90.15-0.42-0.42-0.5-0.09-0.470.17-0.460.02-0.14-0.77-0.030.26-0.810.03-0.42-0.140.22-0.01-0.71-0.73-0.28
0.40.18-0.330.250.080.230.40.28-0.47-0.240.450.0-0.140.230.180.370.20.220.23-0.110.080.230.180.240.04
-0.29-0.11-0.02-0.15-0.1-0.56-0.07-0.920.17-0.24-0.64-0.120.46-0.18-0.08-0.2-0.12-0.11-0.560.46-0.12-0.11-0.21-0.22-0.42
0.590.25-0.240.260.20.890.310.66-0.460.45-0.64-0.03-0.570.430.260.20.390.280.89-0.570.180.280.460.46-0.01
-0.260.76-0.080.6-0.73-0.220.240.410.020.0-0.12-0.03-0.31-0.410.87-0.15-0.290.85-0.22-0.230.640.8-0.45-0.47-0.2
0.3-0.62-0.41-0.570.59-0.380.02-0.65-0.14-0.140.46-0.57-0.310.29-0.52-0.290.4-0.58-0.380.98-0.57-0.530.350.290.61
0.74-0.54-0.66-0.470.780.640.16-0.06-0.770.23-0.180.43-0.410.29-0.37-0.260.96-0.440.640.25-0.5-0.420.970.970.46
-0.110.87-0.070.65-0.71-0.010.360.42-0.030.18-0.080.260.87-0.52-0.370.02-0.270.97-0.01-0.420.620.91-0.4-0.41-0.45
-0.030.310.310.39-0.08-0.040.30.30.260.37-0.20.2-0.15-0.29-0.260.02-0.270.15-0.04-0.250.20.23-0.25-0.18-0.11
0.81-0.44-0.79-0.40.770.560.31-0.07-0.810.2-0.120.39-0.290.40.96-0.27-0.27-0.340.560.37-0.44-0.290.960.940.52
-0.150.96-0.010.82-0.75-0.020.430.490.030.22-0.110.280.85-0.58-0.440.970.15-0.34-0.02-0.480.790.97-0.47-0.47-0.48
0.61-0.08-0.2-0.040.421.0-0.010.46-0.420.23-0.560.89-0.22-0.380.64-0.01-0.040.56-0.02-0.42-0.02-0.050.680.670.13
0.33-0.54-0.42-0.510.54-0.420.11-0.62-0.14-0.110.46-0.57-0.230.980.25-0.42-0.250.37-0.48-0.42-0.54-0.460.310.250.59
-0.320.870.190.95-0.7-0.020.240.450.220.08-0.120.180.64-0.57-0.50.620.2-0.440.79-0.02-0.540.79-0.52-0.52-0.47
-0.130.98-0.090.85-0.69-0.050.550.48-0.010.23-0.110.280.8-0.53-0.420.910.23-0.290.97-0.05-0.460.79-0.45-0.46-0.44
0.82-0.56-0.63-0.50.860.680.13-0.05-0.710.18-0.210.46-0.450.350.97-0.4-0.250.96-0.470.680.31-0.52-0.450.980.54
0.77-0.57-0.58-0.490.820.670.1-0.04-0.730.24-0.220.46-0.470.290.97-0.41-0.180.94-0.470.670.25-0.52-0.460.980.5
0.57-0.51-0.39-0.430.690.130.080.16-0.280.04-0.42-0.01-0.20.610.46-0.45-0.110.52-0.480.130.59-0.47-0.440.540.5
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Solitario Exploration Account Relationship Matchups

Solitario Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.5M23.8M23.6M22.0M26.8M21.2M
Total Current Liabilities269K174K276K263K632K600.4K
Total Stockholder Equity24.1M23.5M23.2M21.6M26.0M16.9M
Property Plant And Equipment Net15.8M15.7M16.5M16.8M16.8M8.4M
Net Debt(526K)(588K)(390K)(281K)(111K)(116.6K)
Retained Earnings(46.7M)(47.6M)(50.0M)(53.9M)(57.6M)(54.8M)
Accounts Payable688K228K157K239K593K622.7K
Cash574K605K462K316K200K190K
Non Current Assets Total15.8M15.8M16.5M16.8M16.8M13.8M
Cash And Short Term Investments8.4M8.0M6.9M5.2M9.7M7.1M
Common Stock Shares Outstanding58.1M58.1M58.7M64.3M68.7M38.7M
Liabilities And Stockholders Equity24.5M23.8M23.6M22.0M26.8M21.2M
Other Current Assets46K26K303K38K273K155.0K
Other Stockholder Equity70.2M70.5M72.5M74.9M82.8M46.4M
Total Liab401K299K436K388K807K766.7K
Property Plant And Equipment Gross15.8M15.7M16.5M16.8M16.8M8.4M
Total Current Assets8.8M8.0M7.2M5.3M9.9M7.4M
Short Term Debt41K17K37K35K39K37.1K
Short Term Investments7.9M7.4M6.4M4.9M9.5M5.7M
Net Tangible Assets24.1M23.5M23.2M21.6M24.9M23.5M
Property Plant Equipment15.8M15.7M16.5M16.8M19.3M11.8M
Capital Surpluse70.2M70.5M72.5M74.9M86.1M74.0M
Cash And Equivalents574K605K462K316K363.4K378.2K
Net Invested Capital24.1M23.5M23.2M21.6M26.0M20.1M
Net Working Capital8.5M7.9M6.9M5.0M9.3M7.3M

Pair Trading with Solitario Exploration

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 Solitario Exploration 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 Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving together with Solitario Stock

  0.67INFM Infinico Metals CorpPairCorr

Moving against Solitario Stock

  0.76BOFA Bank of AmericaPairCorr
  0.75RY Royal BankPairCorr
  0.69RY-PS Royal BankPairCorr
  0.68RY-PM Royal BankPairCorr
  0.65RY-PJ Royal BankPairCorr
The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration 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 Solitario Exploration - 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 Solitario Exploration Royalty to buy it.
The correlation of Solitario Exploration 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 Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration 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 Solitario Exploration 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
When determining whether Solitario Exploration is a strong investment it is important to analyze Solitario Exploration's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Solitario Exploration's future performance. For an informed investment choice regarding Solitario Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Please note, there is a significant difference between Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration'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.