GoldMoney Price To Sales Ratio vs Capex To Depreciation Analysis
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GoldMoney financial indicator trend analysis is much more than just examining GoldMoney latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoldMoney is a good investment. Please check the relationship between GoldMoney Price To Sales Ratio and its Capex To Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GoldMoney. 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.
Price To Sales Ratio vs Capex To Depreciation
Price To Sales Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoldMoney Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have totally related.
The correlation between GoldMoney's Price To Sales Ratio and Capex To Depreciation is 1.0. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of GoldMoney, assuming nothing else is changed. The correlation between historical values of GoldMoney's Price To Sales Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of GoldMoney are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., GoldMoney's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing GoldMoney stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on GoldMoney sales, a figure that is much harder to manipulate than other GoldMoney multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.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.Most indicators from GoldMoney's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoldMoney 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GoldMoney. 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 25th of November 2024, Enterprise Value is likely to grow to about 197.7 M, while Selling General Administrative is likely to drop about 747.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Tax Provision | 441.8K | 1.2M | 508.6K | 497.8K | Interest Income | 1.1M | 3.3M | 2.6M | 3.5M |
GoldMoney fundamental ratios Correlations
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GoldMoney Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoldMoney fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 191.8M | 184.7M | 190.2M | 177.0M | 176.1M | 185.5M | |
| Total Current Liabilities | 3.1M | 10.7M | 8.3M | 2.0M | 3.9M | 8.0M | |
| Total Stockholder Equity | 187.6M | 172.4M | 180.5M | 175.2M | 172.5M | 141.2M | |
| Net Debt | (31.8M) | (22.6M) | (26.0M) | (40.1M) | 25.5M | 26.8M | |
| Retained Earnings | 5.9M | (10.1M) | 1.5M | (4.2M) | 2.6M | (21.9M) | |
| Accounts Payable | 3.1M | 6.3M | 5.4M | 1.8M | 3.9M | 2.7M | |
| Cash | 26.5M | 33.5M | 24.1M | 26.0M | 40.1M | 13.3M | |
| Non Current Assets Total | 94.2M | 93.9M | 76.3M | 65.4M | 167.9M | 176.3M | |
| Non Currrent Assets Other | (94.2M) | (93.9M) | (76.3M) | (65.4M) | 17.1M | 17.9M | |
| Cash And Short Term Investments | 45.3M | 28.6M | 32.0M | 42.2M | 13.3M | 12.7M | |
| Net Receivables | 24.1M | 23.6M | 12.3M | 13.8M | 1.4M | 1.3M | |
| Liabilities And Stockholders Equity | 184.7M | 190.2M | 177.0M | 176.1M | 185.5M | 139.8M | |
| Non Current Liabilities Total | 1.6M | 1.4M | 437.0 | 0.0 | 36.3M | 38.1M | |
| Total Liab | 4.2M | 12.3M | 9.7M | 2.0M | 3.9M | 44.3M | |
| Total Current Assets | 97.9M | 90.5M | 96.3M | 100.7M | 110.6M | 17.6M | |
| Common Stock | 168.1M | 170.4M | 165.2M | 165.6M | 156.2M | 149.2M | |
| Common Stock Shares Outstanding | 77.7M | 15.6M | 75.8M | 75.0M | 13.7M | 13.0M | |
| Other Stockholder Equity | 11.1M | 11.4M | 13.5M | 13.6M | 13.4M | 12.4M | |
| Short Long Term Debt Total | 1.9M | 1.5M | 437.0 | 38.8M | 44.7M | 46.9M | |
| Other Current Liab | 10.5M | 8.3M | 230K | 639K | 699.6K | 664.6K | |
| Property Plant And Equipment Net | 4.7M | 4.3M | 1.4M | 882.5K | 767.0K | 728.6K | |
| Current Deferred Revenue | (6.3M) | (5.4M) | (437.0) | 2.0M | 2.3M | 2.4M | |
| Short Term Investments | 17.4M | 11.8M | 4.5M | 6.0M | 2.2M | 0.0 | |
| Inventory | 18.3M | 16.5M | 38.1M | 54.2M | 53.3M | 2.1M | |
| Other Current Assets | 5.5M | 4.6M | 6.0M | 2.1M | 1.3M | 784.7K | |
| Accumulated Other Comprehensive Income | 832.2K | 251.7K | 295.1K | 347.9K | 1.5M | 1.6M | |
| Short Term Debt | 65.3K | 185.6K | 75.4K | 437.0 | 0.0 | 2.6M | |
| Intangible Assets | 20.8M | 21.1M | 19.4M | 18.9M | 18.2M | 17.1M | |
| Net Tangible Assets | 126.0M | 114.1M | 126.1M | 135.2M | 142.6M | 2.3M | |
| Property Plant Equipment | 4.1M | 4.7M | 4.3M | 1.4M | 882.5K | 72.8K | |
| Property Plant And Equipment Gross | 4.7M | 6.0M | 3.1M | 1.5M | 1.2M | 1.2M | |
| Capital Surpluse | 11.4M | 13.5M | 13.6M | 13.4M | 15.4M | 12.4M | |
| Cash And Equivalents | 33.5M | 24.1M | 26.0M | 40.1M | 36.1M | 25.1M | |
| Long Term Debt | 1.0M | 961.2K | 0.0 | 36.3M | 41.7M | 43.8M | |
| Net Invested Capital | 173.5M | 181.5M | 175.2M | 172.5M | 177.4M | 193.5M | |
| Long Term Investments | 31.2M | 35.2M | 34.8M | 34.6M | 20.6M | 30.1M |
Pair Trading with GoldMoney
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 GoldMoney 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 GoldMoney will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMoney Stock
The ability to find closely correlated positions to GoldMoney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMoney 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 GoldMoney - 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 GoldMoney to buy it.
The correlation of GoldMoney 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 GoldMoney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMoney 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 GoldMoney 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.Other Information on Investing in GoldMoney Stock
Balance Sheet is a snapshot of the financial position of GoldMoney at a specified time, usually calculated after every quarter, six months, or one year. GoldMoney Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GoldMoney 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 GoldMoney currently owns. An asset can also be divided into two categories, current and non-current.