Almaden Capex To Operating Cash Flow vs Income Quality Analysis

AMM Stock  CAD 0.06  0.01  20.00%   
Almaden Minerals financial indicator trend analysis is way more than just evaluating Almaden Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Almaden Minerals is a good investment. Please check the relationship between Almaden Minerals Capex To Operating Cash Flow and its Income Quality accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Almaden Minerals. 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.

Capex To Operating Cash Flow vs Income Quality

Capex To Operating Cash Flow vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Almaden Minerals Capex To Operating Cash Flow account and Income Quality. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Almaden Minerals' Capex To Operating Cash Flow and Income Quality is -0.05. Overlapping area represents the amount of variation of Capex To Operating Cash Flow that can explain the historical movement of Income Quality in the same time period over historical financial statements of Almaden Minerals, assuming nothing else is changed. The correlation between historical values of Almaden Minerals' Capex To Operating Cash Flow and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Operating Cash Flow of Almaden Minerals are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Capex To Operating Cash Flow i.e., Almaden Minerals' Capex To Operating Cash Flow and Income Quality go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capex To Operating Cash Flow

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Almaden Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Almaden Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Almaden Minerals. 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 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to about 31.2 K, while Selling General Administrative is likely to drop about 1.4 M.

Almaden Minerals fundamental ratios Correlations

0.660.161.00.9-0.240.130.130.290.950.480.11-0.160.20.280.10.330.90.17-0.03-0.43-0.30.490.270.350.01
0.660.390.630.650.11-0.380.270.010.670.53-0.04-0.170.580.070.080.580.660.0-0.13-0.07-0.680.60.690.550.53
0.160.390.170.07-0.15-0.230.960.150.120.250.110.390.21-0.13-0.26-0.070.070.13-0.1-0.23-0.62-0.080.050.120.21
1.00.630.170.88-0.310.210.160.350.930.470.16-0.120.120.290.10.240.870.220.02-0.51-0.260.410.20.28-0.02
0.90.650.070.880.17-0.070.0-0.130.990.63-0.31-0.470.360.09-0.070.541.0-0.26-0.37-0.22-0.210.580.360.570.15
-0.240.11-0.15-0.310.17-0.61-0.29-0.970.040.36-0.9-0.590.53-0.54-0.220.630.17-0.91-0.630.680.070.410.50.590.47
0.13-0.38-0.230.21-0.07-0.610.010.460.01-0.050.350.21-0.940.010.0-0.76-0.080.380.43-0.780.63-0.54-0.57-0.77-0.33
0.130.270.960.160.0-0.290.010.250.060.20.190.46-0.03-0.18-0.28-0.280.00.210.01-0.41-0.48-0.26-0.13-0.110.11
0.290.010.150.35-0.13-0.970.460.250.0-0.40.950.6-0.360.610.31-0.45-0.130.960.65-0.55-0.2-0.23-0.33-0.46-0.44
0.950.670.120.930.990.040.010.060.00.6-0.19-0.370.290.12-0.050.460.99-0.13-0.27-0.31-0.230.550.330.490.12
0.480.530.250.470.630.36-0.050.2-0.40.6-0.44-0.30.19-0.350.00.20.62-0.4-0.2-0.18-0.070.160.380.430.54
0.11-0.040.110.16-0.31-0.90.350.190.95-0.19-0.440.66-0.280.540.49-0.43-0.310.990.8-0.37-0.24-0.24-0.24-0.48-0.36
-0.16-0.170.39-0.12-0.47-0.590.210.460.6-0.37-0.30.66-0.260.010.09-0.43-0.470.680.55-0.18-0.18-0.28-0.12-0.44-0.21
0.20.580.210.120.360.53-0.94-0.03-0.360.290.19-0.28-0.260.090.110.880.37-0.3-0.380.67-0.680.720.680.860.33
0.280.07-0.130.290.09-0.540.01-0.180.610.12-0.350.540.010.090.37-0.030.090.510.17-0.17-0.19-0.02-0.20.07-0.33
0.10.08-0.260.1-0.07-0.220.0-0.280.31-0.050.00.490.090.110.370.05-0.070.490.750.11-0.090.140.240.040.03
0.330.58-0.070.240.540.63-0.76-0.28-0.450.460.2-0.43-0.430.88-0.030.050.55-0.42-0.440.62-0.440.920.790.820.34
0.90.660.070.871.00.17-0.080.0-0.130.990.62-0.31-0.470.370.09-0.070.55-0.26-0.37-0.21-0.210.590.370.580.15
0.170.00.130.22-0.26-0.910.380.210.96-0.13-0.40.990.68-0.30.510.49-0.42-0.260.81-0.4-0.23-0.2-0.2-0.45-0.34
-0.03-0.13-0.10.02-0.37-0.630.430.010.65-0.27-0.20.80.55-0.380.170.75-0.44-0.370.81-0.260.02-0.22-0.07-0.49-0.15
-0.43-0.07-0.23-0.51-0.220.68-0.78-0.41-0.55-0.31-0.18-0.37-0.180.67-0.170.110.62-0.21-0.4-0.26-0.130.470.490.540.12
-0.3-0.68-0.62-0.26-0.210.070.63-0.48-0.2-0.23-0.07-0.24-0.18-0.68-0.19-0.09-0.44-0.21-0.230.02-0.13-0.38-0.38-0.4-0.17
0.490.6-0.080.410.580.41-0.54-0.26-0.230.550.16-0.24-0.280.72-0.020.140.920.59-0.2-0.220.47-0.380.810.720.25
0.270.690.050.20.360.5-0.57-0.13-0.330.330.38-0.24-0.120.68-0.20.240.790.37-0.2-0.070.49-0.380.810.650.68
0.350.550.120.280.570.59-0.77-0.11-0.460.490.43-0.48-0.440.860.070.040.820.58-0.45-0.490.54-0.40.720.650.35
0.010.530.21-0.020.150.47-0.330.11-0.440.120.54-0.36-0.210.33-0.330.030.340.15-0.34-0.150.12-0.170.250.680.35
Click cells to compare fundamentals

Almaden Minerals Account Relationship Matchups

Almaden Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets74.1M76.4M87.2M78.1M12.7M12.1M
Other Current Liab778.8K447.6K508.1K104.3K112.9K107.2K
Total Current Liabilities900.8K582.5K590.7K428.8K951.7K695.9K
Total Stockholder Equity68.6M71.2M80.2M69.8M7.0M6.7M
Property Plant And Equipment Net71.4M72.8M76.0M70.2M6.9M6.6M
Net Debt1.9M478.8K(6.4M)(2.3M)3.1M3.2M
Retained Earnings(76.1M)(79.3M)(81.9M)(93.8M)(157.4M)(149.5M)
Accounts Payable778.8K447.6K508.1K236.2K738.3K520.1K
Cash912.2K2.5M10.2M6.7M1.7M1.6M
Non Current Assets Total71.4M72.8M76.0M70.2M6.9M6.6M
Non Currrent Assets Other71.4M58.6M(9.78)(6.84)(4.8K)(4.5K)
Cash And Short Term Investments912.2K2.5M10.2M6.7M4.2M8.0M
Net Receivables100.2K123.0K92.0K198.9K389.9K266.1K
Common Stock Shares Outstanding111.7M117.3M133.8M137.2M157.8M165.7M
Short Term Investments0.01.3M8.0M5.1M2.6M3.3M
Liabilities And Stockholders Equity74.1M76.4M87.2M78.1M12.7M12.1M
Other Stockholder Equity17.7M19.2M21.1M22.5M20.3M22.4M
Total Liab5.5M5.3M7.0M8.2M5.7M6.0M
Property Plant And Equipment Gross71.4M72.8M76.9M71.0M7.8M7.4M
Total Current Assets2.6M3.7M11.2M7.9M5.8M5.5M
Accumulated Other Comprehensive Income17.7M19.2M21.1M22.5M23.4M24.5M
Short Term Debt121.9K135.0K82.7K88.3K100.5K95.5K
Non Current Liabilities Total4.6M4.7M6.5M7.8M4.8M2.8M
Other Current Assets1.6M955.8K979.6K1.0M1.1M842.2K
Intangible Assets17.6K13.489.786.844.8K5.0K
Net Tangible Assets68.6M71.2M80.2M69.8M80.3M65.4M
Property Plant Equipment71.4M72.8M76.0M70.2M80.7M57.8M
Other Liab1.9M1.8M2.8M3.5M4.0M2.1M
Long Term Debt Total2.7M2.9M3.7M4.3M5.0M5.2M
Net Invested Capital71.1M74.0M83.4M73.7M11.4M10.8M
Net Working Capital1.7M3.1M10.7M7.5M4.8M5.5M

Pair Trading with Almaden Minerals

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 Almaden Minerals 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 Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Almaden Stock

  0.62ORE Orezone Gold CorpPairCorr

Moving against Almaden Stock

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  0.43WN George Weston LimitedPairCorr
The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals 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 Almaden Minerals - 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 Almaden Minerals to buy it.
The correlation of Almaden Minerals 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 Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals 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 Almaden Minerals 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Almaden Stock

Balance Sheet is a snapshot of the financial position of Almaden Minerals at a specified time, usually calculated after every quarter, six months, or one year. Almaden Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Almaden Minerals 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 Almaden currently owns. An asset can also be divided into two categories, current and non-current.