Eldorado Gold EBITDA vs. Shares Owned By Insiders
| ELD Stock | CAD 23.53 0.89 3.64% |
For Eldorado Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eldorado Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eldorado Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eldorado Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eldorado Gold Corp over time as well as its relative position and ranking within its peers.
Eldorado |
Eldorado Gold Corp Shares Owned By Insiders vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eldorado Gold's current stock value. Our valuation model uses many indicators to compare Eldorado Gold value to that of its competitors to determine the firm's financial worth. Eldorado Gold Corp is rated # 4 in ebitda category among its peers. It is one of the top stocks in shares owned by insiders category among its peers . The ratio of EBITDA to Shares Owned By Insiders for Eldorado Gold Corp is about 765,571,930 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Eldorado Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eldorado Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Eldorado Shares Owned By Insiders vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Eldorado Gold |
| = | 436.38 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Eldorado Gold |
| = | 0.57 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Eldorado Shares Owned By Insiders Comparison
Eldorado Gold is currently under evaluation in shares owned by insiders category among its peers.
Eldorado Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eldorado Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eldorado Gold will eventually generate negative long term returns. The profitability progress is the general direction of Eldorado Gold's change in net profit over the period of time. It can combine multiple indicators of Eldorado Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada. ELDORADO GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange.
Eldorado Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eldorado Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Eldorado Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Eldorado Gold's important profitability drivers and their relationship over time.
Use Eldorado Gold in pair-trading
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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Eldorado Gold Pair Trading
Eldorado Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold 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 Eldorado 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.Use Investing Themes to Complement your Eldorado Gold position
In addition to having Eldorado Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Financials Thematic Idea Now
Financials
Companies that provide financial services to business or retail customers. The Financials theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Financials Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
To fully project Eldorado Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eldorado Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Eldorado Gold's income statement, its balance sheet, and the statement of cash flows.