Xtra Free Cash Flow Yield vs Roic Analysis
| XTG Stock | CAD 1.81 0.02 1.12% |
Xtra Gold financial indicator trend analysis is more than just analyzing Xtra Gold Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xtra Gold Resources is a good investment. Please check the relationship between Xtra Gold Free Cash Flow Yield and its Roic accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources 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.
Free Cash Flow Yield vs Roic
Free Cash Flow Yield vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xtra Gold Resources Free Cash Flow Yield account and Roic. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Xtra Gold's Free Cash Flow Yield and Roic is -0.36. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Roic in the same time period over historical financial statements of Xtra Gold Resources Corp, assuming nothing else is changed. The correlation between historical values of Xtra Gold's Free Cash Flow Yield and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Xtra Gold Resources Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Free Cash Flow Yield i.e., Xtra Gold's Free Cash Flow Yield and Roic go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Xtra Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xtra Gold Resources 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 Xtra Gold Resources 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. At this time, Xtra Gold's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value Over EBITDA is likely to grow to 13.67, while Tax Provision is likely to drop about 837.4 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Tax Provision | 1.1M | 800K | 861.8K | 837.4K | Reconciled Depreciation | 173.7K | 188.4K | 165.9K | 171.0K |
Xtra Gold fundamental ratios Correlations
Click cells to compare fundamentals
Xtra Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xtra Gold fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.9M | 9.3M | 10.8M | 11.9M | 11.9M | 7.8M | |
| Other Current Liab | 443.4K | 426.5K | 1.1M | 1.3M | 1.5M | 1.6M | |
| Total Current Liabilities | 443.5K | 426.8K | 1.1M | 1.4M | 1.5M | 1.6M | |
| Total Stockholder Equity | 6.9M | 9.2M | 9.8M | 10.5M | 10.2M | 7.3M | |
| Property Plant And Equipment Net | 1.1M | 1.3M | 1.3M | 1.4M | 1.3M | 1.9M | |
| Net Debt | (4.0M) | (4.5M) | (4.7M) | (5.8M) | (7.2M) | (6.8M) | |
| Retained Earnings | (24.7M) | (22.8M) | (22.0M) | (21.3M) | (21.5M) | (22.6M) | |
| Accounts Payable | 147.31 | 286.42 | 1.0K | 67.6K | 2.1K | 2.0K | |
| Cash | 4.0M | 4.5M | 4.7M | 5.8M | 7.2M | 7.5M | |
| Non Current Assets Total | 1.4M | 1.6M | 1.6M | 1.7M | 1.6M | 2.0M | |
| Cash And Short Term Investments | 4.9M | 6.8M | 8.0M | 9.3M | 9.4M | 9.8M | |
| Net Receivables | 177.4K | 100.6K | 103.2K | 104.8K | (2.2K) | (2.1K) | |
| Common Stock Total Equity | 47.8K | 46.2K | 45.8K | 46.8K | 53.8K | 44.9K | |
| Short Term Investments | 887.1K | 2.3M | 3.4M | 3.5M | 2.2M | 1.6M | |
| Liabilities And Stockholders Equity | 6.9M | 9.3M | 10.8M | 11.9M | 11.9M | 7.8M | |
| Other Stockholder Equity | 31.5M | 32.0M | 31.8M | 31.8M | 31.7M | 28.8M | |
| Total Liab | 443.5K | 426.8K | 1.1M | 1.4M | 1.5M | 1.6M | |
| Property Plant And Equipment Gross | 1.1M | 1.3M | 3.5M | 3.8M | 3.8M | 2.1M | |
| Total Current Assets | 5.4M | 7.7M | 9.1M | 10.2M | 10.3M | 10.8M | |
| Common Stock | 45.8K | 46.8K | 46.7K | 46.4K | 46.2K | 45.9K | |
| Other Current Assets | 1.1K | 2.4K | 3.5K | 104.8K | 102.2K | 146.7K | |
| Inventory | 393.0K | 842.0K | 975.3K | 795.9K | 817.6K | 858.5K | |
| Net Tangible Assets | 4.8M | 6.9M | 9.2M | 9.8M | 11.3M | 6.1M | |
| Other Assets | 246.3K | 296.3K | 0.0 | 296.3K | 266.7K | 159.9K | |
| Property Plant Equipment | 1.1M | 1.3M | 1.3M | 1.4M | 1.6M | 1.4M | |
| Capital Surpluse | 31.5M | 32.0M | 31.8M | 31.8M | 36.6M | 34.9M | |
| Cash And Equivalents | 4.0M | 4.5M | 4.7M | 5.8M | 6.6M | 3.7M | |
| Net Invested Capital | 6.9M | 9.2M | 9.8M | 10.5M | 10.2M | 8.7M | |
| Net Working Capital | 5.0M | 7.3M | 8.0M | 8.8M | 8.8M | 6.6M | |
| Capital Stock | 45.8K | 46.8K | 46.7K | 46.4K | 46.2K | 51.0K |
Pair Trading with Xtra Gold
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 Xtra Gold 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtra Stock
Moving against Xtra Stock
The ability to find closely correlated positions to Xtra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtra Gold 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 Xtra Gold - 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra Gold 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources 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 Xtra Gold 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 Xtra Stock
Balance Sheet is a snapshot of the financial position of Xtra Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Xtra Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtra Gold 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 Xtra currently owns. An asset can also be divided into two categories, current and non-current.