China Change To Netincome vs Investments Analysis

CGG Stock

CAD 6.79 0.17 2.44%

China Gold financial indicator trend analysis is way more than just evaluating China Gold International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Gold International is a good investment. Please check the relationship between China Gold Change To Netincome and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. 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.

Change To Netincome vs Investments

Change To Netincome vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Gold International Change To Netincome account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between China Gold's Change To Netincome and Investments is -0.42. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Investments in the same time period over historical financial statements of China Gold International, assuming nothing else is changed. The correlation between historical values of China Gold's Change To Netincome and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of China Gold International are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change To Netincome i.e., China Gold's Change To Netincome and Investments go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Netincome

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from China Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Gold International 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 China Gold International. 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, China Gold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 22nd of December 2024, Enterprise Value Multiple is likely to grow to 19.98, while Selling General Administrative is likely to drop about 21.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	30.6M	25.4M	21.2M	15.5M
Depreciation And Amortization	175.8M	208.0M	121.7M	70.0M

Interest Expense Depreciation And Amortization

China Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Other Assets	Short Term Investments	Short Term Debt	Other Current Liab	Short Long Term Debt Total	Non Current Liabilities Total	Current Deferred Revenue
Total Assets		0.7	0.89	0.94	0.79	0.57	0.72	0.33	0.99	0.33	0.55	0.82	0.75	0.26	-0.25	0.93	0.71	0.81	0.17	0.33	0.16	0.46	0.72	0.88	0.84	-0.44
Total Current Liabilities	0.7		0.48	0.67	0.66	0.29	0.49	0.31	0.66	0.31	0.25	0.45	0.53	0.43	-0.34	0.76	0.44	0.68	0.07	0.13	0.18	0.94	0.6	0.76	0.41	-0.34
Total Stockholder Equity	0.89	0.48		0.78	0.46	0.63	0.61	0.41	0.87	0.41	0.44	0.93	0.58	0.13	-0.06	0.66	0.67	0.75	0.3	0.43	0.12	0.28	0.54	0.57	0.59	-0.41
Property Plant And Equipment Net	0.94	0.67	0.78		0.87	0.56	0.68	0.1	0.96	0.1	0.57	0.69	0.76	0.3	-0.54	0.92	0.75	0.65	0.2	0.24	0.14	0.44	0.69	0.88	0.84	-0.43
Net Debt	0.79	0.66	0.46	0.87		0.29	0.51	-0.15	0.82	-0.15	0.49	0.43	0.72	0.48	-0.5	0.93	0.56	0.46	-0.01	0.13	0.11	0.45	0.62	0.94	0.87	-0.39
Retained Earnings	0.57	0.29	0.63	0.56	0.29		0.41	0.26	0.53	0.26	0.12	0.38	0.81	0.11	-0.36	0.44	0.91	0.6	0.05	-0.13	-0.36	0.15	0.62	0.41	0.46	-0.13
Accounts Payable	0.72	0.49	0.61	0.68	0.51	0.41		0.51	0.7	0.51	0.44	0.54	0.51	-0.12	-0.24	0.7	0.49	0.66	0.06	0.22	0.16	0.3	0.53	0.68	0.67	-0.35
Cash	0.33	0.31	0.41	0.1	-0.15	0.26	0.51		0.2	1.0	0.04	0.35	0.07	-0.33	0.29	0.21	0.1	0.73	-0.05	0.09	0.16	0.29	0.18	0.18	0.09	-0.09
Non Current Assets Total	0.99	0.66	0.87	0.96	0.82	0.53	0.7	0.2		0.2	0.59	0.82	0.74	0.28	-0.29	0.93	0.7	0.72	0.21	0.38	0.17	0.41	0.7	0.87	0.86	-0.45
Cash And Short Term Investments	0.33	0.31	0.41	0.1	-0.15	0.26	0.51	1.0	0.2		0.04	0.35	0.07	-0.33	0.29	0.21	0.1	0.73	-0.05	0.09	0.16	0.29	0.18	0.18	0.09	-0.09
Net Receivables	0.55	0.25	0.44	0.57	0.49	0.12	0.44	0.04	0.59	0.04		0.38	0.29	-0.25	-0.18	0.55	0.22	0.25	0.55	0.5	0.45	-0.01	0.57	0.47	0.58	0.24
Common Stock Shares Outstanding	0.82	0.45	0.93	0.69	0.43	0.38	0.54	0.35	0.82	0.35	0.38		0.43	0.2	0.08	0.6	0.52	0.63	0.38	0.62	0.07	0.3	0.37	0.52	0.53	-0.58
Inventory	0.75	0.53	0.58	0.76	0.72	0.81	0.51	0.07	0.74	0.07	0.29	0.43		0.37	-0.43	0.77	0.91	0.64	0.08	0.0	-0.35	0.33	0.8	0.77	0.77	-0.28
Other Current Assets	0.26	0.43	0.13	0.3	0.48	0.11	-0.12	-0.33	0.28	-0.33	-0.25	0.2	0.37		-0.2	0.33	0.32	0.14	-0.12	-0.02	-0.26	0.49	0.06	0.39	0.2	-0.47
Other Stockholder Equity	-0.25	-0.34	-0.06	-0.54	-0.5	-0.36	-0.24	0.29	-0.29	0.29	-0.18	0.08	-0.43	-0.2		-0.37	-0.5	-0.06	-0.12	0.31	0.11	-0.29	-0.3	-0.41	-0.31	0.14
Total Liab	0.93	0.76	0.66	0.92	0.93	0.44	0.7	0.21	0.93	0.21	0.55	0.6	0.77	0.33	-0.37		0.63	0.74	0.04	0.21	0.17	0.53	0.74	0.99	0.9	-0.39
Property Plant And Equipment Gross	0.71	0.44	0.67	0.75	0.56	0.91	0.49	0.1	0.7	0.1	0.22	0.52	0.91	0.32	-0.5	0.63		0.58	0.14	0.04	-0.45	0.29	0.62	0.63	0.63	-0.39
Total Current Assets	0.81	0.68	0.75	0.65	0.46	0.6	0.66	0.73	0.72	0.73	0.25	0.63	0.64	0.14	-0.06	0.74	0.58		-0.01	0.07	0.11	0.53	0.63	0.7	0.58	-0.28
Non Currrent Assets Other	0.17	0.07	0.3	0.2	-0.01	0.05	0.06	-0.05	0.21	-0.05	0.55	0.38	0.08	-0.12	-0.12	0.04	0.14	-0.01		0.65	-0.01	-0.03	0.23	-0.03	0.02	0.07
Other Assets	0.33	0.13	0.43	0.24	0.13	-0.13	0.22	0.09	0.38	0.09	0.5	0.62	0.0	-0.02	0.31	0.21	0.04	0.07	0.65		0.06	0.02	0.1	0.15	0.21	-0.29
Short Term Investments	0.16	0.18	0.12	0.14	0.11	-0.36	0.16	0.16	0.17	0.16	0.45	0.07	-0.35	-0.26	0.11	0.17	-0.45	0.11	-0.01	0.06		0.08	0.07	0.08	0.04	0.36
Short Term Debt	0.46	0.94	0.28	0.44	0.45	0.15	0.3	0.29	0.41	0.29	-0.01	0.3	0.33	0.49	-0.29	0.53	0.29	0.53	-0.03	0.02	0.08		0.34	0.55	0.13	-0.37
Other Current Liab	0.72	0.6	0.54	0.69	0.62	0.62	0.53	0.18	0.7	0.18	0.57	0.37	0.8	0.06	-0.3	0.74	0.62	0.63	0.23	0.1	0.07	0.34		0.68	0.66	0.05
Short Long Term Debt Total	0.88	0.76	0.57	0.88	0.94	0.41	0.68	0.18	0.87	0.18	0.47	0.52	0.77	0.39	-0.41	0.99	0.63	0.7	-0.03	0.15	0.08	0.55	0.68		0.9	-0.44
Non Current Liabilities Total	0.84	0.41	0.59	0.84	0.87	0.46	0.67	0.09	0.86	0.09	0.58	0.53	0.77	0.2	-0.31	0.9	0.63	0.58	0.02	0.21	0.04	0.13	0.66	0.9		-0.35
Current Deferred Revenue	-0.44	-0.34	-0.41	-0.43	-0.39	-0.13	-0.35	-0.09	-0.45	-0.09	0.24	-0.58	-0.28	-0.47	0.14	-0.39	-0.39	-0.28	0.07	-0.29	0.36	-0.37	0.05	-0.44	-0.35

Click cells to compare fundamentals

China Gold Account Relationship Matchups

China Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.3B	3.3B	3.2B	2.8B	1.9B
Total Current Liabilities	928.7M	442.8M	343.7M	638.6M	305.4M	299.4M
Total Stockholder Equity	1.4B	1.6B	1.8B	1.9B	1.7B	1.0B
Property Plant And Equipment Net	2.6B	2.7B	2.7B	2.4B	2.3B	1.4B
Net Debt	1.1B	982.2M	765.1M	406.6M	670.7M	435.4M
Retained Earnings	199.5M	295.5M	482.2M	571.2M	380.4M	399.4M
Accounts Payable	38.6M	45.6M	43.3M	38.8M	18.9M	29.0M
Cash	182.3M	243.3M	208.1M	428.5M	97.2M	155.2M
Non Current Assets Total	2.7B	2.7B	2.7B	2.5B	2.4B	1.5B
Cash And Short Term Investments	182.3M	243.3M	208.1M	428.5M	97.2M	155.4M
Net Receivables	26.0M	16.8M	25.9M	8.7M	1.4M	1.3M
Liabilities And Stockholders Equity	3.2B	3.3B	3.3B	3.2B	2.8B	1.9B
Inventory	281.1M	297.7M	299.6M	293.1M	291.6M	306.1M
Other Current Assets	30.0M	27.3M	32.5M	10.1M	68.0M	71.4M
Total Liab	1.7B	1.7B	1.4B	1.3B	1.1B	842.2M
Property Plant And Equipment Gross	2.6B	2.7B	3.8B	3.7B	3.7B	3.9B
Total Current Assets	519.4M	585.1M	541.4M	732.6M	476.2M	320.0M
Accumulated Other Comprehensive Income	6.8M	53.9M	104.7M	83.7M	97.4M	102.3M
Non Currrent Assets Other	37.0M	19.2M	19.6M	18.7M	16.6M	22.2M
Other Assets	37.0M	26.2M	25.6M	18.7M	21.5M	30.0M
Short Term Debt	611.7M	140.4M	98.1M	400.1M	144.1M	220.0M
Other Current Liab	408.6M	415.2M	310.2M	322.7M	137.8M	167.8M
Short Long Term Debt Total	1.2B	1.2B	973.3M	835.1M	767.9M	754.6M
Non Current Liabilities Total	817.7M	1.3B	1.1B	652.8M	801.6M	693.7M
Current Deferred Revenue	6.8M	2.9M	10.3M	6.3M	71K	67.5K
Other Liab	185.1M	199.3M	204.8M	217.8M	250.5M	203.0M
Net Tangible Assets	1.4B	1.6B	1.8B	1.9B	2.2B	1.7B
Long Term Debt	632.1M	1.1B	873.0M	433.5M	622.9M	822.2M
Long Term Investments	17.1M	20.8M	29.0M	37.3M	47.2M	26.9M
Short Long Term Debt	611.6M	140.3M	97.6M	399.6M	143.5M	256.3M
Property Plant Equipment	2.6B	2.7B	2.7B	2.4B	2.8B	2.7B
Long Term Debt Total	632.6M	1.1B	875.1M	435.0M	391.5M	664.0M
Cash And Equivalents	182.3M	243.3M	208.1M	428.5M	492.7M	517.4M
Net Invested Capital	2.7B	2.8B	2.8B	2.7B	2.5B	2.2B
Net Working Capital	(409.4M)	142.3M	197.8M	94.0M	170.8M	179.3M

Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

0.51	PIC-A	Premium Income Split	Pair Corr
0.5	ORE	Orezone Gold Corp	Pair Corr
0.49	INFM	Infinico Metals Corp	Pair Corr
0.48	MAC	Themac Resources	Pair Corr

The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.

The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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.

Pair Correlation Correlation Matching

Other Information on Investing in China Stock

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

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China Change To Netincome vs Investments Analysis

Change To Netincome vs Investments

Change To Netincome vs Investments Correlation Analysis

Correlation Coefficient

Change To Netincome

Investments

China Gold fundamental ratios Correlations

China Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Gold fundamental ratios Accounts

Pair Trading with China Gold

Moving against China Stock

Other Information on Investing in China Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.99	Total Liab
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.94	Total Assets
Short Term Debt	+ 0.94	Total Current Liabilities

Current Deferred Revenue	- 0.58	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.54	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.5	Other Stockholder Equity
Other Stockholder Equity	- 0.5	Net Debt
Current Deferred Revenue	- 0.47	Other Current Assets
Short Term Investments	- 0.45	Property Plant And Equipment Gross