Condor Retained Earnings vs Total Liab Analysis
COG Stock | CAD 0.49 0.02 4.26% |
Condor Gold financial indicator trend analysis is way more than just evaluating Condor Gold Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Condor Gold Plc is a good investment. Please check the relationship between Condor Gold Retained Earnings and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Condor Gold Plc. 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.
Retained Earnings vs Total Liab
Retained Earnings vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Condor Gold Plc Retained Earnings account and Total Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Condor Gold's Retained Earnings and Total Liab is 0.24. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Liab in the same time period over historical financial statements of Condor Gold Plc, assuming nothing else is changed. The correlation between historical values of Condor Gold's Retained Earnings and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Condor Gold Plc are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Retained Earnings i.e., Condor Gold's Retained Earnings and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Condor Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Condor Gold Plc 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 Condor Gold Plc. 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 4th of December 2024, Selling General Administrative is likely to grow to about 2.3 M, while Issuance Of Capital Stock is likely to drop about 2.8 M.
Condor Gold fundamental ratios Correlations
Click cells to compare fundamentals
Condor Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Condor Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.5M | 29.4M | 38.4M | 46.3M | 45.0M | 47.2M | |
Other Current Liab | 179.8K | 129.6K | 111.2K | 182.9K | 3.0K | 2.8K | |
Total Current Liabilities | 757.1K | 266.4K | 248.2K | 406.2K | 187.8K | 178.5K | |
Total Stockholder Equity | 23.8M | 29.2M | 38.2M | 45.9M | 44.8M | 47.0M | |
Property Plant And Equipment Net | 271.3K | 211.1K | 586.0K | 3.1M | 7.5M | 0.0 | |
Net Debt | (2.9M) | (4.2M) | (2.1M) | (2.4M) | (2.0M) | (2.1M) | |
Retained Earnings | (28.4M) | (29.4M) | (31.2M) | (33.3M) | (34.7M) | (32.9M) | |
Accounts Payable | 562.0K | 122.9K | 112.1K | 196.4K | 181.4K | 121.4K | |
Cash | 2.9M | 4.2M | 2.1M | 2.4M | 2.0M | 2.1M | |
Non Current Assets Total | 19.2M | 20.9M | 21.5M | 25.2M | 35.6M | 0.0 | |
Cash And Short Term Investments | 2.9M | 4.2M | 2.1M | 2.4M | 2.0M | 2.2M | |
Common Stock Total Equity | 12.3M | 13.4M | 18.9M | 23.7M | 27.3M | 28.7M | |
Common Stock Shares Outstanding | 81.9M | 108.5M | 136.7M | 158.3M | 158.8M | 166.7M | |
Liabilities And Stockholders Equity | 24.5M | 29.4M | 38.4M | 46.3M | 45.0M | 47.2M | |
Other Current Assets | 143.3K | 114.4K | 775.7K | 43.9M | 43.0M | 45.1M | |
Other Stockholder Equity | 33.2M | 34.8M | 42.5M | 79.0M | 77.3M | 81.2M | |
Total Liab | 757.1K | 266.4K | 248.2K | 406.2K | 187.8K | 178.5K | |
Property Plant And Equipment Gross | 19.2M | 20.9M | 21.5M | 3.1M | 37.3M | 0.0 | |
Total Current Assets | 3.0M | 4.3M | 2.8M | 46.3M | 45.0M | 47.2M | |
Accumulated Other Comprehensive Income | (746.93) | (2.4K) | (2.5K) | 750.57 | (1.9M) | (1.8M) | |
Intangible Assets | 20.6K | 20.9K | 22.1K | 28.1K | 25.3K | 24.0K | |
Common Stock | 18.9M | 23.7M | 29.3M | 31.7M | 199.9K | 189.9K | |
Net Tangible Assets | 2.9M | 7.1M | 10.1M | 45.9M | 52.8M | 55.4M | |
Net Receivables | 104.7K | 73.9K | 75.8K | 917.0K | 575.4K | 377.2K | |
Property Plant Equipment | 211.1K | 586.0K | 3.1M | 7.5M | 8.6M | 9.0M | |
Capital Surpluse | 33.7M | 34.0M | 37.2M | 42.5M | 48.9M | 37.1M | |
Net Invested Capital | 23.8M | 29.2M | 38.2M | 45.9M | 44.8M | 35.0M | |
Net Working Capital | 2.3M | 4.0M | 2.6M | 45.9M | 44.8M | 47.0M | |
Capital Stock | 18.9M | 23.7M | 29.3M | 31.7M | 199.9K | 189.9K |
Pair Trading with Condor 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 Condor 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 Condor Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Condor Stock
The ability to find closely correlated positions to Condor 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 Condor 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 Condor 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 Condor Gold Plc to buy it.
The correlation of Condor 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 Condor Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Gold Plc 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 Condor 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 Condor Stock
Balance Sheet is a snapshot of the financial position of Condor Gold Plc at a specified time, usually calculated after every quarter, six months, or one year. Condor Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Condor 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 Condor currently owns. An asset can also be divided into two categories, current and non-current.