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 Direction | Negative |
Relationship Strength | Weak |
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 Operations | 11.1M | 9.8M | Cost Of Revenue | 25K | 23.8K |
Solitario Exploration fundamental ratios Correlations
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Solitario Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solitario Exploration fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.5M | 23.8M | 23.6M | 22.0M | 26.8M | 21.2M | |
Total Current Liabilities | 269K | 174K | 276K | 263K | 632K | 600.4K | |
Total Stockholder Equity | 24.1M | 23.5M | 23.2M | 21.6M | 26.0M | 16.9M | |
Property Plant And Equipment Net | 15.8M | 15.7M | 16.5M | 16.8M | 16.8M | 8.4M | |
Net Debt | (526K) | (588K) | (390K) | (281K) | (111K) | (116.6K) | |
Retained Earnings | (46.7M) | (47.6M) | (50.0M) | (53.9M) | (57.6M) | (54.8M) | |
Accounts Payable | 688K | 228K | 157K | 239K | 593K | 622.7K | |
Cash | 574K | 605K | 462K | 316K | 200K | 190K | |
Non Current Assets Total | 15.8M | 15.8M | 16.5M | 16.8M | 16.8M | 13.8M | |
Cash And Short Term Investments | 8.4M | 8.0M | 6.9M | 5.2M | 9.7M | 7.1M | |
Common Stock Shares Outstanding | 58.1M | 58.1M | 58.7M | 64.3M | 68.7M | 38.7M | |
Liabilities And Stockholders Equity | 24.5M | 23.8M | 23.6M | 22.0M | 26.8M | 21.2M | |
Other Current Assets | 46K | 26K | 303K | 38K | 273K | 155.0K | |
Other Stockholder Equity | 70.2M | 70.5M | 72.5M | 74.9M | 82.8M | 46.4M | |
Total Liab | 401K | 299K | 436K | 388K | 807K | 766.7K | |
Property Plant And Equipment Gross | 15.8M | 15.7M | 16.5M | 16.8M | 16.8M | 8.4M | |
Total Current Assets | 8.8M | 8.0M | 7.2M | 5.3M | 9.9M | 7.4M | |
Short Term Debt | 41K | 17K | 37K | 35K | 39K | 37.1K | |
Short Term Investments | 7.9M | 7.4M | 6.4M | 4.9M | 9.5M | 5.7M | |
Net Tangible Assets | 24.1M | 23.5M | 23.2M | 21.6M | 24.9M | 23.5M | |
Property Plant Equipment | 15.8M | 15.7M | 16.5M | 16.8M | 19.3M | 11.8M | |
Capital Surpluse | 70.2M | 70.5M | 72.5M | 74.9M | 86.1M | 74.0M | |
Cash And Equivalents | 574K | 605K | 462K | 316K | 363.4K | 378.2K | |
Net Invested Capital | 24.1M | 23.5M | 23.2M | 21.6M | 26.0M | 20.1M | |
Net Working Capital | 8.5M | 7.9M | 6.9M | 5.0M | 9.3M | 7.3M |
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
Moving against Solitario Stock
0.76 | BOFA | Bank of America | PairCorr |
0.75 | RY | Royal Bank | PairCorr |
0.69 | RY-PS | Royal Bank | PairCorr |
0.68 | RY-PM | Royal Bank | PairCorr |
0.65 | RY-PJ | Royal Bank | PairCorr |
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.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.