Denison Capex To Depreciation vs Free Cash Flow Yield Analysis

DML Stock  CAD 2.97  0.11  3.57%   
Denison Mines financial indicator trend analysis is much more than just examining Denison Mines Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Denison Mines Corp is a good investment. Please check the relationship between Denison Mines Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Denison Mines Corp Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Denison Mines' Capex To Depreciation and Free Cash Flow Yield is -0.62. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Denison Mines Corp, assuming nothing else is changed. The correlation between historical values of Denison Mines' Capex To Depreciation and Free Cash Flow Yield 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 Depreciation of Denison Mines Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Denison Mines' Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Denison Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Denison Mines Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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, Denison Mines' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 15th of December 2024, Enterprise Value Over EBITDA is likely to grow to 19.83, while Selling General Administrative is likely to drop about 10.2 M.

Denison Mines fundamental ratios Correlations

0.160.720.990.56-0.730.190.70.990.310.050.72-0.070.720.390.09-0.050.260.450.70.730.010.05-0.340.070.35
0.160.570.12-0.44-0.23-0.460.220.150.080.280.22-0.310.330.27-0.25-0.22-0.360.32-0.320.14-0.510.36-0.040.190.34
0.720.570.650.26-0.50.110.490.750.290.380.54-0.130.810.64-0.21-0.27-0.10.720.410.48-0.490.38-0.46-0.060.44
0.990.120.650.54-0.740.20.70.970.29-0.050.7-0.010.630.240.170.050.310.30.680.730.12-0.07-0.240.140.27
0.56-0.440.260.54-0.190.790.190.630.1-0.010.20.240.420.290.16-0.110.460.30.980.240.28-0.03-0.53-0.13-0.07
-0.73-0.23-0.5-0.74-0.190.06-1.0-0.68-0.280.15-0.970.28-0.63-0.19-0.06-0.01-0.06-0.24-0.3-0.950.030.12-0.03-0.26-0.4
0.19-0.460.110.20.790.06-0.050.260.03-0.16-0.060.520.080.010.190.140.380.020.710.020.3-0.25-0.250.0-0.32
0.70.220.490.70.19-1.0-0.050.650.27-0.160.97-0.290.630.20.050.00.050.240.30.95-0.05-0.110.020.260.39
0.990.150.750.970.63-0.680.260.650.250.110.67-0.10.780.440.01-0.160.210.50.770.65-0.050.1-0.460.040.32
0.310.080.290.290.1-0.280.030.270.250.280.250.130.080.190.530.120.520.210.140.380.280.20.29-0.170.58
0.050.280.38-0.05-0.010.15-0.16-0.160.110.28-0.17-0.270.370.63-0.24-0.63-0.230.620.05-0.24-0.440.68-0.41-0.130.51
0.720.220.540.70.2-0.97-0.060.970.670.25-0.17-0.340.690.32-0.01-0.020.030.360.310.96-0.13-0.02-0.070.140.45
-0.07-0.31-0.13-0.010.240.280.52-0.29-0.10.13-0.27-0.34-0.48-0.390.710.750.68-0.370.18-0.110.54-0.440.370.11-0.44
0.720.330.810.630.42-0.630.080.630.780.080.370.69-0.480.75-0.41-0.55-0.230.790.540.56-0.550.44-0.7-0.050.47
0.390.270.640.240.29-0.190.010.20.440.190.630.32-0.390.75-0.38-0.63-0.20.990.350.2-0.640.75-0.73-0.410.57
0.09-0.25-0.210.170.16-0.060.190.050.010.53-0.24-0.010.71-0.41-0.380.730.93-0.370.120.250.72-0.270.570.130.04
-0.05-0.22-0.270.05-0.11-0.010.140.0-0.160.12-0.63-0.020.75-0.55-0.630.730.6-0.61-0.140.20.6-0.660.70.34-0.35
0.26-0.36-0.10.310.46-0.060.380.050.210.52-0.230.030.68-0.23-0.20.930.6-0.20.420.280.71-0.170.29-0.030.04
0.450.320.720.30.3-0.240.020.240.50.210.620.36-0.370.790.99-0.37-0.61-0.20.370.25-0.650.73-0.72-0.380.58
0.7-0.320.410.680.98-0.30.710.30.770.140.050.310.180.540.350.12-0.140.420.370.350.210.0-0.56-0.090.02
0.730.140.480.730.24-0.950.020.950.650.38-0.240.96-0.110.560.20.250.20.280.250.350.07-0.110.090.180.42
0.01-0.51-0.490.120.280.030.3-0.05-0.050.28-0.44-0.130.54-0.55-0.640.720.60.71-0.650.210.07-0.60.590.19-0.26
0.050.360.38-0.07-0.030.12-0.25-0.110.10.20.68-0.02-0.440.440.75-0.27-0.66-0.170.730.0-0.11-0.6-0.55-0.570.63
-0.34-0.04-0.46-0.24-0.53-0.03-0.250.02-0.460.29-0.41-0.070.37-0.7-0.730.570.70.29-0.72-0.560.090.59-0.550.32-0.08
0.070.19-0.060.14-0.13-0.260.00.260.04-0.17-0.130.140.11-0.05-0.410.130.34-0.03-0.38-0.090.180.19-0.570.32-0.23
0.350.340.440.27-0.07-0.4-0.320.390.320.580.510.45-0.440.470.570.04-0.350.040.580.020.42-0.260.63-0.08-0.23
Click cells to compare fundamentals

Denison Mines Account Relationship Matchups

Denison Mines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets300.0M320.7M510.3M515.8M726.6M417.3M
Other Current Liab10.4M1.2M7.9M7.6M8.2M5.0M
Total Current Liabilities14.9M11.8M16.4M18.4M17.9M14.6M
Total Stockholder Equity210.1M227.3M396.7M436.0M641.8M326.0M
Property Plant And Equipment Net257.3M256.9M254.5M253.5M254.9M289.7M
Net Debt(8.2M)(24.4M)(63.5M)(50.3M)(130.6M)(124.1M)
Accounts Payable7.9M7.2M3.5M5.4M5.0M7.5M
Cash8.2M25.0M64.0M50.9M131.1M137.6M
Non Current Assets Total283.5M271.3M423.4M448.6M578.1M356.6M
Non Currrent Assets Other14.1M14.1M14.3M13.2M13.3M10.4M
Other Assets14.4M14.1M14.1M14.3M13.2M0.95
Cash And Short Term Investments8.2M41.6M78.4M58.9M141.5M148.5M
Net Receivables4.0M3.4M3.7M4.1M1.9M1.8M
Common Stock Shares Outstanding590.3M628.4M793.7M828.7M854.0M896.7M
Liabilities And Stockholders Equity300.0M320.7M510.3M515.8M726.6M411.6M
Non Current Liabilities Total74.9M81.6M97.2M61.4M66.9M73.0M
Inventory3.4M3.0M3.5M2.7M3.6M3.4M
Other Current Assets978K1.4M1.3M1.4M1.6M1.4M
Other Stockholder Equity65.9M67.4M67.5M70.3M69.8M66.3M
Total Liab89.8M93.4M113.6M79.8M84.8M87.6M
Property Plant And Equipment Gross257.3M256.9M286.4M289.1M294.3M294.0M
Total Current Assets16.5M49.4M86.9M67.2M148.5M156.0M
Accumulated Other Comprehensive Income1.1M1.8M1.8M1.8M1.8M1.9M
Retained Earnings(1.2B)(1.2B)(1.2B)(1.2B)(1.1B)(1.0B)
Short Term Debt235K240K358K432K213K410.9K
Current Deferred Revenue4.6M3.5M4.7M4.9M4.5M4.8M
Common Stock Total Equity1.4B1.3B1.3B1.4B1.6B1.3B
Common Stock1.3B1.4B1.5B1.5B1.7B1.4B
Other Liab74.4M81.2M96.9M61.0M70.2M66.6M
Net Tangible Assets210.1M227.3M396.7M436.0M501.4M285.2M
Long Term Investments12.1M293K154.6M181.9M309.8M325.3M
Property Plant Equipment257.3M256.9M254.5M253.5M228.2M201.3M
Capital Surpluse65.4M67.4M67.5M70.3M80.8M72.5M

Pair Trading with Denison Mines

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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.

Moving together with Denison Stock

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Moving against Denison Stock

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The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines 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 Denison Mines 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
When determining whether Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.