Denison End Period Cash Flow vs Free Cash Flow Analysis
DML Stock | CAD 2.92 0.05 1.68% |
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 End Period Cash Flow and its Free Cash Flow 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.
End Period Cash Flow vs Free Cash Flow
End Period Cash Flow vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Denison Mines Corp End Period Cash Flow account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Denison Mines' End Period Cash Flow and Free Cash Flow is -0.53. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Free Cash Flow 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' End Period Cash Flow and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Denison Mines Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of End Period Cash Flow i.e., Denison Mines' End Period Cash Flow and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
End Period Cash Flow
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.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 17th 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
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Denison Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Denison Mines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 300.0M | 320.7M | 510.3M | 515.8M | 726.6M | 417.3M | |
Other Current Liab | 10.4M | 1.2M | 7.9M | 7.6M | 8.2M | 5.0M | |
Total Current Liabilities | 14.9M | 11.8M | 16.4M | 18.4M | 17.9M | 14.6M | |
Total Stockholder Equity | 210.1M | 227.3M | 396.7M | 436.0M | 641.8M | 326.0M | |
Property Plant And Equipment Net | 257.3M | 256.9M | 254.5M | 253.5M | 254.9M | 289.7M | |
Net Debt | (8.2M) | (24.4M) | (63.5M) | (50.3M) | (130.6M) | (124.1M) | |
Accounts Payable | 7.9M | 7.2M | 3.5M | 5.4M | 5.0M | 7.5M | |
Cash | 8.2M | 25.0M | 64.0M | 50.9M | 131.1M | 137.6M | |
Non Current Assets Total | 283.5M | 271.3M | 423.4M | 448.6M | 578.1M | 356.6M | |
Non Currrent Assets Other | 14.1M | 14.1M | 14.3M | 13.2M | 13.3M | 10.4M | |
Other Assets | 14.4M | 14.1M | 14.1M | 14.3M | 13.2M | 0.95 | |
Cash And Short Term Investments | 8.2M | 41.6M | 78.4M | 58.9M | 141.5M | 148.5M | |
Net Receivables | 4.0M | 3.4M | 3.7M | 4.1M | 1.9M | 1.8M | |
Common Stock Shares Outstanding | 590.3M | 628.4M | 793.7M | 828.7M | 854.0M | 896.7M | |
Liabilities And Stockholders Equity | 300.0M | 320.7M | 510.3M | 515.8M | 726.6M | 411.6M | |
Non Current Liabilities Total | 74.9M | 81.6M | 97.2M | 61.4M | 66.9M | 73.0M | |
Inventory | 3.4M | 3.0M | 3.5M | 2.7M | 3.6M | 3.4M | |
Other Current Assets | 978K | 1.4M | 1.3M | 1.4M | 1.6M | 1.4M | |
Other Stockholder Equity | 65.9M | 67.4M | 67.5M | 70.3M | 69.8M | 66.3M | |
Total Liab | 89.8M | 93.4M | 113.6M | 79.8M | 84.8M | 87.6M | |
Property Plant And Equipment Gross | 257.3M | 256.9M | 286.4M | 289.1M | 294.3M | 294.0M | |
Total Current Assets | 16.5M | 49.4M | 86.9M | 67.2M | 148.5M | 156.0M | |
Accumulated Other Comprehensive Income | 1.1M | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | |
Retained Earnings | (1.2B) | (1.2B) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | |
Short Term Debt | 235K | 240K | 358K | 432K | 213K | 410.9K | |
Current Deferred Revenue | 4.6M | 3.5M | 4.7M | 4.9M | 4.5M | 4.8M | |
Common Stock Total Equity | 1.4B | 1.3B | 1.3B | 1.4B | 1.6B | 1.3B | |
Common Stock | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 1.4B | |
Other Liab | 74.4M | 81.2M | 96.9M | 61.0M | 70.2M | 66.6M | |
Net Tangible Assets | 210.1M | 227.3M | 396.7M | 436.0M | 501.4M | 285.2M | |
Long Term Investments | 12.1M | 293K | 154.6M | 181.9M | 309.8M | 325.3M | |
Property Plant Equipment | 257.3M | 256.9M | 254.5M | 253.5M | 228.2M | 201.3M | |
Capital Surpluse | 65.4M | 67.4M | 67.5M | 70.3M | 80.8M | 72.5M |
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
Moving against Denison Stock
0.73 | MFC-PC | Manulife Finl Srs | PairCorr |
0.64 | SLF-PC | Sun Life Financial | PairCorr |
0.61 | SAGE | Sage Potash Corp | PairCorr |
0.61 | SLF-PD | Sun Life Financial | PairCorr |
0.41 | SLF-PG | Sun Life Non | PairCorr |
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.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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.