Freegold Non Current Assets Total vs Net Tangible Assets Analysis

FVL Stock  CAD 0.78  0.03  3.70%   
Freegold Ventures financial indicator trend analysis is much more than just examining Freegold Ventures latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freegold Ventures is a good investment. Please check the relationship between Freegold Ventures Non Current Assets Total and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freegold Ventures Limited. 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.

Non Current Assets Total vs Net Tangible Assets

Non Current Assets Total vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freegold Ventures Non Current Assets Total account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Freegold Ventures' Non Current Assets Total and Net Tangible Assets is 0.94. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Freegold Ventures Limited, assuming nothing else is changed. The correlation between historical values of Freegold Ventures' Non Current Assets Total and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Freegold Ventures Limited are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Current Assets Total i.e., Freegold Ventures' Non Current Assets Total and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Freegold Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freegold Ventures 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 Freegold Ventures Limited. 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 3rd of December 2024, Enterprise Value is likely to grow to about 160 M, while Selling General Administrative is likely to drop about 247.2 K.
 2023 2024 (projected)
Non Recurring8.8M6.5M
Cost Of Revenue81.5K76.3K

Freegold Ventures fundamental ratios Correlations

-0.391.00.95-0.35-0.71-0.260.370.950.370.960.26-0.03-0.350.950.37-0.20.6-0.22-0.1-0.30.51-0.04-0.380.99-0.65
-0.39-0.39-0.41-0.010.130.610.0-0.410.0-0.380.05-0.060.73-0.420.00.470.08-0.540.220.29-0.01-0.140.16-0.370.49
1.0-0.390.95-0.35-0.71-0.270.370.950.370.960.26-0.03-0.360.950.37-0.20.59-0.21-0.1-0.30.51-0.05-0.390.99-0.65
0.95-0.410.95-0.05-0.71-0.30.061.00.070.940.03-0.15-0.321.00.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
-0.35-0.01-0.35-0.050.15-0.06-1.0-0.05-1.0-0.23-0.75-0.360.18-0.05-1.00.14-0.060.110.12-0.12-0.860.290.41-0.38-0.11
-0.710.13-0.71-0.710.150.49-0.16-0.71-0.16-0.74-0.01-0.02-0.01-0.71-0.16-0.29-0.830.35-0.080.46-0.42-0.16-0.17-0.750.29
-0.260.61-0.27-0.3-0.060.490.05-0.30.05-0.410.250.080.45-0.30.05-0.25-0.11-0.52-0.070.41-0.07-0.06-0.21-0.260.28
0.370.00.370.06-1.0-0.160.050.061.00.250.740.35-0.180.061.0-0.140.07-0.11-0.120.110.86-0.27-0.40.390.09
0.95-0.410.951.0-0.05-0.71-0.30.060.070.940.03-0.15-0.321.00.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
0.370.00.370.07-1.0-0.160.051.00.070.250.740.35-0.180.071.0-0.140.07-0.11-0.120.110.86-0.27-0.40.390.08
0.96-0.380.960.94-0.23-0.74-0.410.250.940.250.09-0.12-0.410.940.25-0.080.51-0.070.02-0.30.44-0.14-0.310.94-0.63
0.260.050.260.03-0.75-0.010.250.740.030.740.090.10.070.030.75-0.140.17-0.36-0.240.050.750.02-0.420.30.06
-0.03-0.06-0.03-0.15-0.36-0.020.080.35-0.150.35-0.120.1-0.07-0.150.35-0.11-0.020.15-0.16-0.20.3-0.05-0.04-0.010.19
-0.350.73-0.36-0.320.18-0.010.45-0.18-0.32-0.18-0.410.07-0.07-0.32-0.170.50.37-0.69-0.07-0.26-0.120.580.47-0.30.42
0.95-0.420.951.0-0.05-0.71-0.30.061.00.070.940.03-0.15-0.320.07-0.160.62-0.19-0.07-0.360.260.05-0.280.94-0.73
0.370.00.370.07-1.0-0.160.051.00.071.00.250.750.35-0.170.07-0.150.08-0.12-0.120.110.86-0.27-0.40.390.08
-0.20.47-0.2-0.160.14-0.29-0.25-0.14-0.16-0.14-0.08-0.14-0.110.5-0.16-0.150.25-0.15-0.23-0.32-0.020.170.34-0.170.25
0.60.080.590.62-0.06-0.83-0.110.070.620.070.510.17-0.020.370.620.080.25-0.72-0.04-0.440.280.440.220.66-0.32
-0.22-0.54-0.21-0.190.110.35-0.52-0.11-0.19-0.11-0.07-0.360.15-0.69-0.19-0.12-0.15-0.720.060.04-0.21-0.35-0.1-0.28-0.07
-0.10.22-0.1-0.070.12-0.08-0.07-0.12-0.07-0.120.02-0.24-0.16-0.07-0.07-0.12-0.23-0.040.060.38-0.06-0.360.24-0.110.08
-0.30.29-0.3-0.36-0.120.460.410.11-0.360.11-0.30.05-0.2-0.26-0.360.11-0.32-0.440.040.38-0.05-0.72-0.18-0.330.14
0.51-0.010.510.26-0.86-0.42-0.070.860.260.860.440.750.3-0.120.260.86-0.020.28-0.21-0.06-0.05-0.19-0.270.540.09
-0.04-0.14-0.050.050.29-0.16-0.06-0.270.05-0.27-0.140.02-0.050.580.05-0.270.170.44-0.35-0.36-0.72-0.190.480.01-0.03
-0.380.16-0.39-0.280.41-0.17-0.21-0.4-0.28-0.4-0.31-0.42-0.040.47-0.28-0.40.340.22-0.10.24-0.18-0.270.48-0.350.28
0.99-0.370.990.94-0.38-0.75-0.260.390.940.390.940.3-0.01-0.30.940.39-0.170.66-0.28-0.11-0.330.540.01-0.35-0.61
-0.650.49-0.65-0.73-0.110.290.280.09-0.730.08-0.630.060.190.42-0.730.080.25-0.32-0.070.080.140.09-0.030.28-0.61
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Freegold Ventures Account Relationship Matchups

Freegold Ventures fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.6M74.0M74.4M77.4M90.4M94.9M
Total Current Liabilities1.1M542.3K542.2K469.3K221.1K210.1K
Total Stockholder Equity38.2M73.2M73.5M76.5M89.7M94.2M
Property Plant And Equipment Net38.3M43.9M60.2M76.6M88.2M92.6M
Net Debt(1.1M)(29.6M)(13.7M)(565.1K)(1.9M)(2.0M)
Retained Earnings(65.8M)(67.1M)(69.3M)(70.1M)(73.2M)(69.6M)
Accounts Payable181.2K207.7K306.7K376.6K134.5K127.8K
Cash1.2M29.7M13.8M693.2K2.0M3.2M
Non Current Assets Total38.3M43.9M60.2M76.6M88.2M92.6M
Cash And Short Term Investments1.2M29.7M13.8M693.2K2.0M3.3M
Common Stock Shares Outstanding199.0M265.0M335.4M351.8M393.6M413.3M
Liabilities And Stockholders Equity39.6M74.0M74.4M77.4M90.4M94.9M
Other Current Assets115.3K407.6K389.5K113.55190.3K117.7K
Total Liab1.4M792.3K928.7K926.9K658.0K625.1K
Property Plant And Equipment Gross38.3M43.9M60.3M76.8M88.3M92.7M
Total Current Assets1.3M30.1M14.2M806.8K2.2M3.4M
Accumulated Other Comprehensive Income17.3M32.8M34.2M31.1M37.1M38.9M
Other Current Liab856.9K138.7K205.1K64.2K57.5K54.6K
Short Term Debt50.9K37.5K30.4K28.5K29.2K27.7K
Net Receivables21.8K41.3K22.7K19.7K17.8K27.8K
Non Current Liabilities Total275.7K250K386.6K457.6K436.9K520.2K
Short Long Term Debt Total86.9K37.5K167.0K128.1K99.9K94.9K
Net Tangible Assets37.1M38.2M73.2M73.5M84.5M88.7M
Common Stock86.7M107.5M108.6M115.5M125.8M88.3M
Property Plant Equipment38.3M43.9M60.2M76.6M88.1M92.5M
Other Liab220.7K230.0K239.8K250K225K416.4K
Cash And Equivalents1.2M29.6M13.8M653.4K751.4K713.8K
Net Invested Capital38.2M73.2M73.5M76.5M87.9M61.5M
Net Working Capital194.5K29.5M13.7M337.5K388.2K368.8K
Capital Stock86.7M107.5M108.6M115.5M132.8M110.9M

Pair Trading with Freegold Ventures

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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.

Moving together with Freegold Stock

  0.75ORE Orezone Gold CorpPairCorr
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 Freegold Stock

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