Americas Other Stockholder Equity vs Cash Analysis
USA Stock | CAD 0.53 0.02 3.64% |
Americas Silver financial indicator trend analysis is way more than just evaluating Americas Silver Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Americas Silver Corp is a good investment. Please check the relationship between Americas Silver Other Stockholder Equity and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americas Silver Corp. 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.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Americas Silver Corp Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Americas Silver's Other Stockholder Equity and Cash is 0.46. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Americas Silver Corp, assuming nothing else is changed. The correlation between historical values of Americas Silver's Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Americas Silver Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Americas Silver's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Americas Silver Corp, which is listed under current asset account on Americas Silver Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Americas Silver customers. The amounts must be unrestricted with restricted cash listed in a different Americas Silver account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Americas Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Americas Silver Corp 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 Americas Silver Corp. 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 24th of November 2024, Enterprise Value is likely to grow to about 82.4 M, while Selling General Administrative is likely to drop about 5.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.9M | 1.8M | 8.2M | 10.2M | Depreciation And Amortization | 15.8M | 21.3M | 20.8M | 21.9M |
Americas Silver fundamental ratios Correlations
Click cells to compare fundamentals
Americas Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Americas Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 231.0M | 284.8M | 213.4M | 190.8M | 180.5M | 116.6M | |
Total Current Liabilities | 34.8M | 39.0M | 45.7M | 42.1M | 61.2M | 64.3M | |
Total Stockholder Equity | 126.3M | 169.7M | 93.1M | 81.2M | 53.4M | 78.1M | |
Property Plant And Equipment Net | 190.4M | 259.3M | 177.9M | 161.3M | 153.1M | 85.3M | |
Net Debt | (4.5M) | 23.2M | 16.7M | 10.4M | 19.8M | 20.8M | |
Retained Earnings | (203.1M) | (230.3M) | (387.9M) | (428.8M) | (463.4M) | (440.2M) | |
Accounts Payable | 22.7M | 21.1M | 20.6M | 27.1M | 23.0M | 24.1M | |
Cash | 20.0M | 4.7M | 2.9M | 2.0M | 2.1M | 2.0M | |
Non Current Assets Total | 196.1M | 264.7M | 189.9M | 165.4M | 157.5M | 91.8M | |
Non Currrent Assets Other | 5.3M | 5.4M | 12.0M | 4.1M | 4.4M | 3.9M | |
Other Assets | 5.7M | 5.4M | 12.0M | 4.1M | 4.8M | 5.0M | |
Cash And Short Term Investments | 20.0M | 4.7M | 2.9M | 2.0M | 2.1M | 2.0M | |
Net Receivables | 5.3M | 5.1M | 8.2M | 11.6M | 9.5M | 5.2M | |
Common Stock Shares Outstanding | 71.4M | 103.9M | 141.9M | 184.4M | 212.7M | 223.3M | |
Liabilities And Stockholders Equity | 231.0M | 284.8M | 213.4M | 190.8M | 180.5M | 116.6M | |
Non Current Liabilities Total | 57.2M | 64.6M | 63.9M | 50.1M | 47.1M | 49.4M | |
Other Stockholder Equity | 44.8M | 49.2M | 57.9M | 9.8M | 11.3M | 10.7M | |
Total Liab | 92.0M | 103.7M | 109.6M | 92.2M | 108.3M | 113.7M | |
Property Plant And Equipment Gross | 190.4M | 259.3M | 342.6M | 360.8M | 379.4M | 398.4M | |
Total Current Assets | 34.9M | 20.1M | 23.5M | 25.4M | 23.0M | 24.8M | |
Accumulated Other Comprehensive Income | 44.8M | 49.2M | 57.9M | 60.7M | 61.3M | 64.3M | |
Inventory | 7.2M | 8.1M | 10.0M | 8.8M | 8.7M | 6.4M | |
Other Current Assets | 2.5M | 2.2M | 4.6M | 3.0M | 6.4M | 6.8M | |
Other Current Liab | 4.4M | 4.6M | 2.2M | 991K | 3.8M | 4.0M | |
Short Long Term Debt Total | 22.0M | 31.6M | 20.6M | 13.6M | 21.9M | 15.8M | |
Short Term Debt | 5.6M | 9.4M | 11.0M | 2.7M | 21.9M | 23.0M | |
Common Stock Total Equity | 207.0M | 212.9M | 284.7M | 350.7M | 403.3M | 225.3M | |
Common Stock | 284.7M | 350.7M | 423.1M | 449.4M | 455.5M | 285.7M | |
Other Liab | 41.6M | 42.4M | 54.3M | 39.2M | 45.1M | 27.4M | |
Net Tangible Assets | 126.1M | 169.7M | 93.1M | 81.2M | 93.4M | 111.7M | |
Property Plant Equipment | 190.4M | 259.3M | 177.9M | 161.3M | 185.5M | 145.3M | |
Long Term Debt | 9.9M | 18.5M | 8.7M | 9.6M | 11.1M | 9.2M | |
Short Long Term Debt | 5.6M | 9.4M | 11.0M | 2.7M | 21.9M | 23.0M | |
Long Term Debt Total | 16.3M | 22.2M | 9.7M | 10.9M | 12.5M | 11.2M | |
Non Current Liabilities Other | 5.6M | 4.6M | 1.5M | 1.8M | 1.6M | 2.4M | |
Net Invested Capital | 141.8M | 197.6M | 112.7M | 93.6M | 75.3M | 94.0M |
Pair Trading with Americas Silver
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 Americas Silver 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 Americas Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Americas Stock
0.91 | AG | First Majestic Silver | PairCorr |
0.94 | IE | Ivanhoe Energy | PairCorr |
0.86 | FDY | Faraday Copper Corp | PairCorr |
Moving against Americas Stock
The ability to find closely correlated positions to Americas Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Silver 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 Americas Silver - 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 Americas Silver Corp to buy it.
The correlation of Americas Silver 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 Americas Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Silver Corp 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 Americas Silver 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 Americas Silver Corp. 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..