Aris Historical Valuation
| ARIS Stock | CAD 5.52 0.31 5.32% |
Some fundamental drivers such as market cap or Aris Gold enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Aris Gold Corp valuation indicators such as Enterprise Value of 691.5 M 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 Aris Gold's future value.
Aris Gold Working Capital |
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Aris |
About Aris Valuation Data Analysis
Valuation is the financial process of determining what Aris Gold is worth. Aris 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. Aris Gold valuation ratios help investors to determine whether Aris 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 Aris with respect to the benefits of owning Aris Gold security.
Aris Gold Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Aris Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Aris Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Aris Gold value than its market capitalization because it takes into account all of Aris Gold Corp 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 Aris Gold's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Aris Gold Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Gold 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, Aris Gold's Market Cap is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value is likely to grow to about 691.5 M, while Working Capital is likely to drop (22.2 K).
Aris Gold valuation accounts Correlations
Aris Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
Aris Gold valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 212.0M | 367.9M | 399.8M | 289.6M | 470.3M | 493.8M | |
| Enterprise Value | 220.1M | 390.6M | 394.3M | 426.2M | 658.6M | 691.5M |
Pair Trading with Aris 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 Aris 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 Aris Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
Moving against Aris Stock
| 0.83 | FFH | Fairfax Financial | PairCorr |
| 0.78 | WCN | Waste Connections | PairCorr |
| 0.76 | CSU | Constellation Software | PairCorr |
| 0.64 | FSV | FirstService Corp | PairCorr |
| 0.44 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to Aris 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 Aris 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 Aris 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 Aris Gold Corp to buy it.
The correlation of Aris 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 Aris Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris 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 Aris 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 Aris Stock
Valuation is the financial process of determining what Aris Gold is worth. Aris 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. Aris Gold valuation ratios help investors to determine whether Aris 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 Aris with respect to the benefits of owning Aris Gold security.