Allied Historical Financial Ratios
| AAUC Stock | 3.50 0.08 2.23% |
Allied Gold is presently reporting on over 72 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 2.42 or Days Sales Outstanding of 18.84 will help investors to properly organize and evaluate Allied Gold financial condition quickly.
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About Allied Financial Ratios Analysis
Allied GoldFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Allied Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Allied financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Allied Gold history.
Allied Gold Financial Ratios Chart
Add Fundamental
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.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 ratios from Allied Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Allied Gold current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allied Gold. 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.
| 2010 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 20.75 | 13.5 | 15.53 | 18.84 | PTB Ratio | 22.45 | 2.21 | 2.54 | 2.42 |
Allied Gold fundamentals Correlations
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Allied Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Allied 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 Allied 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 Allied Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Allied Stock
Moving against Allied Stock
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| 0.32 | TSLA | Tesla Inc CDR | PairCorr |
| 0.31 | PIF | Polaris Infrastructure | PairCorr |
The ability to find closely correlated positions to Allied 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 Allied 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 Allied 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 Allied Gold to buy it.
The correlation of Allied 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 Allied Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allied 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 Allied 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 Allied Stock
Allied GoldFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Allied Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Allied financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Allied Gold history.