Sandstorm Historical Valuation
| SSL Stock | CAD 8.18 0.07 0.86% |
Some fundamental drivers such as market cap or Sandstorm Gold enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Sandstorm Gold valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Sandstorm Gold's future value.
Sandstorm |
About Sandstorm Valuation Data Analysis
Valuation is the financial process of determining what Sandstorm Gold is worth. Sandstorm Gold valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Sandstorm Gold valuation ratios help investors to determine whether Sandstorm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sandstorm with respect to the benefits of owning Sandstorm Gold security.
Sandstorm Gold Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Sandstorm Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Sandstorm Gold debt, but would also pocket its cash. Enterprise Value is more accurate representation of Sandstorm Gold value than its market capitalization because it takes into account all of Sandstorm Gold Ltd existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Sandstorm Gold's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Sandstorm Gold current financial condition. On the other hand, looking into the entire matrix of valuation accounts 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 Sandstorm Gold Ltd. 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, Market Cap is likely to grow to about 1.6 B. Also, Enterprise Value is likely to grow to about 2 B
| 2023 | 2024 (projected) | Working Capital | 79.3K | 70.5K | Market Cap | 1.5B | 1.6B |
Sandstorm Gold valuation accounts Correlations
Sandstorm Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sandstorm Gold valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.4B | 1.3B | 1.2B | 1.0B | 1.5B | 1.6B | |
| Enterprise Value | 1.4B | 1.2B | 1.2B | 1.5B | 1.9B | 2.0B |
Pair Trading with Sandstorm 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 Sandstorm 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 Sandstorm Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Sandstorm Stock
Moving against Sandstorm Stock
The ability to find closely correlated positions to Sandstorm 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 Sandstorm 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 Sandstorm 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 Sandstorm Gold Ltd to buy it.
The correlation of Sandstorm 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 Sandstorm Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandstorm Gold 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 Sandstorm 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.