Entree Short Term Investments vs Non Current Assets Total Analysis

ETG Stock  CAD 2.23  0.01  0.45%   
Entree Resources financial indicator trend analysis is much more than just examining Entree Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entree Resources is a good investment. Please check the relationship between Entree Resources Short Term Investments and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. 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.

Short Term Investments vs Non Current Assets Total

Short Term Investments vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entree Resources Short Term Investments account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Entree Resources' Short Term Investments and Non Current Assets Total is 0.6. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Entree Resources, assuming nothing else is changed. The correlation between historical values of Entree Resources' Short Term Investments and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Entree Resources are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Term Investments i.e., Entree Resources' Short Term Investments and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Entree Resources balance sheet. It contains any investments Entree Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Entree Resources can easily liquidate in the marketplace.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Entree Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entree Resources 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 Entree Resources. 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 12th of December 2024, Enterprise Value is likely to grow to about 187.5 M, while Selling General Administrative is likely to drop 1,902.

Entree Resources fundamental ratios Correlations

0.880.840.90.960.28-0.860.41-0.160.820.960.160.84-0.140.55-0.330.890.47-0.310.960.850.750.32-0.610.90.25
0.880.990.750.810.15-0.780.27-0.250.770.81-0.040.81-0.030.67-0.210.840.42-0.190.810.820.650.45-0.510.690.31
0.840.990.710.770.14-0.760.28-0.30.750.76-0.090.79-0.120.65-0.190.820.33-0.160.770.80.570.44-0.50.640.26
0.90.750.710.930.54-0.720.730.010.580.930.180.61-0.450.66-0.720.810.49-0.70.930.620.780.27-0.790.83-0.13
0.960.810.770.930.31-0.690.47-0.130.621.00.230.65-0.210.61-0.470.890.46-0.451.00.670.760.35-0.630.920.2
0.280.150.140.540.31-0.330.730.280.150.30.10.16-0.590.27-0.730.20.4-0.730.30.160.37-0.18-0.540.29-0.55
-0.86-0.78-0.76-0.72-0.69-0.33-0.40.13-0.97-0.69-0.03-0.970.15-0.320.18-0.66-0.420.16-0.69-0.97-0.62-0.10.54-0.71-0.1
0.410.270.280.730.470.73-0.40.120.180.460.070.2-0.870.39-0.90.330.13-0.90.460.20.41-0.08-0.710.39-0.76
-0.16-0.25-0.30.01-0.130.280.130.12-0.18-0.130.57-0.180.010.04-0.29-0.350.35-0.3-0.13-0.190.4-0.21-0.43-0.11-0.22
0.820.770.750.580.620.15-0.970.18-0.180.620.021.00.050.230.050.620.380.070.620.990.550.13-0.390.670.29
0.960.810.760.931.00.3-0.690.46-0.130.620.230.65-0.20.6-0.470.890.46-0.451.00.670.760.34-0.630.920.2
0.16-0.04-0.090.180.230.1-0.030.070.570.020.230.010.020.03-0.13-0.060.2-0.130.230.010.35-0.34-0.210.240.11
0.840.810.790.610.650.16-0.970.2-0.181.00.650.010.030.320.010.660.390.030.651.00.560.19-0.420.660.29
-0.14-0.03-0.12-0.45-0.21-0.590.15-0.870.010.05-0.20.020.03-0.220.71-0.120.150.71-0.20.02-0.070.150.51-0.140.84
0.550.670.650.660.610.27-0.320.390.040.230.60.030.32-0.22-0.540.640.34-0.520.610.340.450.68-0.510.280.02
-0.33-0.21-0.19-0.72-0.47-0.730.18-0.9-0.290.05-0.47-0.130.010.71-0.54-0.32-0.311.0-0.470.0-0.47-0.060.72-0.350.66
0.890.840.820.810.890.2-0.660.33-0.350.620.89-0.060.66-0.120.64-0.320.38-0.30.890.680.570.58-0.410.730.26
0.470.420.330.490.460.4-0.420.130.350.380.460.20.390.150.34-0.310.38-0.30.450.390.620.06-0.470.470.21
-0.31-0.19-0.16-0.7-0.45-0.730.16-0.9-0.30.07-0.45-0.130.030.71-0.521.0-0.3-0.3-0.450.03-0.46-0.040.71-0.330.67
0.960.810.770.931.00.3-0.690.46-0.130.621.00.230.65-0.20.61-0.470.890.45-0.450.670.760.35-0.630.920.2
0.850.820.80.620.670.16-0.970.2-0.190.990.670.011.00.020.340.00.680.390.030.670.570.21-0.420.670.29
0.750.650.570.780.760.37-0.620.410.40.550.760.350.56-0.070.45-0.470.570.62-0.460.760.570.25-0.760.770.09
0.320.450.440.270.35-0.18-0.1-0.08-0.210.130.34-0.340.190.150.68-0.060.580.06-0.040.350.210.25-0.050.070.28
-0.61-0.51-0.5-0.79-0.63-0.540.54-0.71-0.43-0.39-0.63-0.21-0.420.51-0.510.72-0.41-0.470.71-0.63-0.42-0.76-0.05-0.60.34
0.90.690.640.830.920.29-0.710.39-0.110.670.920.240.66-0.140.28-0.350.730.47-0.330.920.670.770.07-0.60.22
0.250.310.26-0.130.2-0.55-0.1-0.76-0.220.290.20.110.290.840.020.660.260.210.670.20.290.090.280.340.22
Click cells to compare fundamentals

Entree Resources Account Relationship Matchups

Entree Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.1M8.0M7.8M7.5M7.2M6.9M
Other Current Liab71.9K123.9K100.9K226.8K198.8K188.9K
Total Current Liabilities175K232K200K327K313K618.8K
Total Stockholder Equity(47.0M)(50.2M)(55.1M)(57.5M)(64.6M)(61.4M)
Property Plant And Equipment Net316K220K128K523K419K398.1K
Net Debt4.0M2.6M3.3M5.3M6.7M7.0M
Retained Earnings(242.1M)(248.1M)(255.7M)(264.7M)(274.3M)(260.6M)
Accounts Payable72.0124.071.0227.0159.0151.05
Cash5.4M7.3M7.1M6.4M6.1M5.8M
Non Current Assets Total442K409K367K818K779K740.1K
Cash And Short Term Investments5.4M7.3M7.1M6.4M6.1M5.8M
Common Stock Shares Outstanding174.9M178.6M188.7M197.1M203.3M117.7M
Liabilities And Stockholders Equity6.1M8.0M7.8M7.5M7.2M6.9M
Non Current Liabilities Total52.9M57.9M62.7M64.7M71.5M75.1M
Other Current Assets280K162K165K108K169K160.6K
Total Liab53.1M58.2M62.9M65.0M71.8M75.4M
Property Plant And Equipment Gross316K220K475K945K963K914.9K
Total Current Assets5.7M7.6M7.4M6.7M6.4M6.1M
Short Term Debt103K108K99K100K114K108.3K
Net Receivables122K130K157K158K176K194.2K
Inventory157.7K161.7K164.7K107.7K168.7K100.5K
Accumulated Other Comprehensive Income22.0M21.7M21.1M24.5M22.9M24.1M
Common Stock Total Equity139.7M173.0M173.1M176.2M202.7M169.7M
Common Stock173.1M176.2M179.5M182.7M186.8M176.5M
Short Long Term Debt Total9.3M9.8M10.4M11.7M12.8M7.6M
Other Liab38.5M43.7M48.2M52.4M60.3M42.6M
Net Tangible Assets(39.7M)(47.0M)(50.2M)(55.1M)(49.6M)(47.1M)
Long Term Debt9.0M9.6M10.3M11.1M12.3M9.5M
Property Plant Equipment316K220K128K523K470.7K447.2K
Long Term Investments114K177K239K295K360K223.7K
Long Term Debt Total9.0M9.6M10.3M11.1M12.8M10.0M
Capital Surpluse22.4M23.2M22.7M22.5M25.9M24.5M
Cash And Equivalents5.4M7.3M7.1M6.4M5.8M6.0M

Pair Trading with Entree Resources

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 Entree Resources 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Entree Stock

  0.59NG NovaGold ResourcesPairCorr
  0.41INFM Infinico Metals CorpPairCorr
  0.33HPQ HPQ Silicon ResourcesPairCorr
The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources 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 Entree Resources - 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 Entree Resources to buy it.
The correlation of Entree Resources 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources 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 Entree Resources 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

Other Information on Investing in Entree Stock

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