Americas Total Assets vs Property Plant Equipment 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 Total Assets and its Property Plant Equipment 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.
Total Assets vs Property Plant Equipment
Total Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Americas Silver Corp Total Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Americas Silver's Total Assets and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment 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 Total Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Americas Silver Corp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., Americas Silver's Total Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Americas Silver assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Americas Silver Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Property Plant Equipment
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
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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.