Ivanhoe Discontinued Operations vs Non Recurring Analysis

IVN Stock  CAD 19.33  0.69  3.45%   
Ivanhoe Mines financial indicator trend analysis is infinitely more than just investigating Ivanhoe Mines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ivanhoe Mines is a good investment. Please check the relationship between Ivanhoe Mines Discontinued Operations and its Non Recurring accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivanhoe Mines. 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.

Discontinued Operations vs Non Recurring

Discontinued Operations vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ivanhoe Mines Discontinued Operations account and Non Recurring. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ivanhoe Mines' Discontinued Operations and Non Recurring is -0.46. Overlapping area represents the amount of variation of Discontinued Operations that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Ivanhoe Mines, assuming nothing else is changed. The correlation between historical values of Ivanhoe Mines' Discontinued Operations and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Discontinued Operations of Ivanhoe Mines are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Discontinued Operations i.e., Ivanhoe Mines' Discontinued Operations and Non Recurring go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Discontinued Operations

Non Recurring

Most indicators from Ivanhoe Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ivanhoe Mines 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivanhoe Mines. 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, Ivanhoe Mines' Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 12.6 B, while Selling General Administrative is likely to drop about 8.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense32.9M17.3M8.1M6.9M
Depreciation And Amortization9.6M5.9M2.3M4.4M

Ivanhoe Mines fundamental ratios Correlations

0.450.770.980.980.380.910.860.631.00.930.640.140.91-0.430.90.71-0.10.90.980.670.550.930.740.87-0.74
0.450.830.330.520.450.510.490.10.470.590.11-0.190.20.290.580.57-0.190.620.520.090.480.220.040.46-0.22
0.770.830.670.810.590.760.830.240.790.90.25-0.140.530.030.830.86-0.090.860.820.250.760.570.270.72-0.65
0.980.330.670.960.240.880.780.670.970.890.680.190.96-0.540.80.62-0.140.80.950.710.460.970.820.78-0.76
0.980.520.810.960.360.910.860.580.980.940.59-0.020.88-0.360.860.71-0.060.871.00.590.620.890.680.81-0.74
0.380.450.590.240.360.390.52-0.330.440.46-0.320.050.110.060.650.64-0.070.650.38-0.260.40.14-0.010.6-0.26
0.910.510.760.880.910.390.810.510.920.860.520.120.72-0.480.830.58-0.010.830.910.550.550.740.550.75-0.57
0.860.490.830.780.860.520.810.440.870.850.45-0.10.68-0.130.90.810.090.90.870.450.690.70.480.81-0.75
0.630.10.240.670.58-0.330.510.440.570.461.00.080.71-0.330.460.16-0.030.450.580.980.140.70.730.51-0.36
1.00.470.790.970.980.440.920.870.570.940.580.120.89-0.420.910.73-0.10.910.980.610.560.910.720.87-0.74
0.930.590.90.890.940.460.860.850.460.940.47-0.030.79-0.290.870.86-0.120.890.940.480.710.820.530.78-0.79
0.640.110.250.680.59-0.320.520.451.00.580.470.070.71-0.340.470.16-0.030.450.590.980.150.70.740.52-0.36
0.14-0.19-0.140.19-0.020.050.12-0.10.080.12-0.030.070.21-0.490.06-0.12-0.10.04-0.010.26-0.20.20.350.14-0.15
0.910.20.530.960.880.110.720.680.710.890.790.710.21-0.510.690.55-0.180.680.880.740.351.00.890.71-0.78
-0.430.290.03-0.54-0.360.06-0.48-0.13-0.33-0.42-0.29-0.34-0.49-0.51-0.18-0.020.32-0.16-0.35-0.410.18-0.5-0.53-0.250.23
0.90.580.830.80.860.650.830.90.460.910.870.470.060.69-0.180.79-0.041.00.870.50.60.720.510.96-0.62
0.710.570.860.620.710.640.580.810.160.730.860.16-0.120.55-0.020.79-0.110.810.720.180.70.580.30.66-0.75
-0.1-0.19-0.09-0.14-0.06-0.07-0.010.09-0.03-0.1-0.12-0.03-0.1-0.180.32-0.04-0.11-0.04-0.06-0.040.51-0.17-0.24-0.08-0.03
0.90.620.860.80.870.650.830.90.450.910.890.450.040.68-0.161.00.81-0.040.880.480.630.710.490.95-0.63
0.980.520.820.951.00.380.910.870.580.980.940.59-0.010.88-0.350.870.72-0.060.880.590.620.890.680.82-0.74
0.670.090.250.710.59-0.260.550.450.980.610.480.980.260.74-0.410.50.18-0.040.480.590.130.730.790.55-0.41
0.550.480.760.460.620.40.550.690.140.560.710.15-0.20.350.180.60.70.510.630.620.130.380.050.49-0.66
0.930.220.570.970.890.140.740.70.70.910.820.70.21.0-0.50.720.58-0.170.710.890.730.380.880.72-0.79
0.740.040.270.820.68-0.010.550.480.730.720.530.740.350.89-0.530.510.3-0.240.490.680.790.050.880.57-0.57
0.870.460.720.780.810.60.750.810.510.870.780.520.140.71-0.250.960.66-0.080.950.820.550.490.720.57-0.57
-0.74-0.22-0.65-0.76-0.74-0.26-0.57-0.75-0.36-0.74-0.79-0.36-0.15-0.780.23-0.62-0.75-0.03-0.63-0.74-0.41-0.66-0.79-0.57-0.57
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Ivanhoe Mines Account Relationship Matchups

Ivanhoe Mines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4B2.4B3.2B4.0B5.0B5.3B
Other Current Liab17.3M11.9M5.4M21.6M57.0M59.8M
Total Current Liabilities32.2M23.0M32.0M67.2M197.8M207.7M
Total Stockholder Equity2.4B2.4B2.5B2.9B3.7B3.9B
Property Plant And Equipment Net700.6M725.1M742.3M902.8M1.4B1.5B
Net Debt(650.4M)(211.9M)(117.5M)(63.3M)87.1M91.5M
Retained Earnings63.6M43.7M98.9M509.8M819.2M860.2M
Accounts Payable8.1M7.5M22.8M38.4M47.6M50.0M
Cash702.8M262.8M608.2M583.9M560.3M335.1M
Non Current Assets Total1.7B2.1B2.5B3.3B4.4B4.6B
Non Currrent Assets Other113.6M69.0M72.4M138.7M325.8M342.1M
Cash And Short Term Investments704.0M263.1M608.2M583.9M574.3M337.3M
Net Receivables8.3M62.9M72.6M35.7M23.0M29.0M
Common Stock Total Equity1.1B1.8B2.3B2.3B2.6B2.8B
Short Term Investments1.1M300K0.014M12.6M15.4M
Liabilities And Stockholders Equity2.4B2.4B3.2B4.0B5.0B5.3B
Non Current Liabilities Total49.7M57.6M809.3M1.1B1.2B1.3B
Other Current Assets3.3M3.9M4.9M64.2M123.0M129.2M
Other Stockholder Equity0.0131.8M141.1M141.5M147.9M118.0M
Total Liab81.9M80.6M841.2M1.1B1.4B1.5B
Property Plant And Equipment Gross700.6M725.1M781.4M954.0M1.5B1.6B
Total Current Assets716.6M331.0M686.7M662.7M648.8M378.7M
Accumulated Other Comprehensive Income(30.9M)(37.1M)(62.5M)(63.8M)(58.8M)(55.8M)
Short Term Debt5.1M350K3.8M3.6M87.4M91.7M
Common Stock2.3B2.3B2.3B2.3B2.8B2.9B
Common Stock Shares Outstanding1.1B1.2B1.2B1.2B1.2B830.1M
Short Long Term Debt Total52.4M50.9M734.8M520.6M647.4M679.8M
Inventory1.1M1.0M995K1.0M1.5M1.4M
Other Liab2.4M7.0M322.4M543.9M625.5M656.8M
Net Tangible Assets2.4B2.4B2.5B2.9B3.4B1.8B
Other Assets114.3M69.4M145.6M212.7M244.6M256.9M
Long Term Debt32.3M39.0M719.8M506.2M549.3M576.7M
Property Plant Equipment700.6M725.1M742.3M902.8M1.0B1.1B
Long Term Investments913.3M1.3B1.6B2.1B2.6B2.7B
Long Term Debt Total47.3M50.5M731.1M517.0M594.5M624.3M
Net Invested Capital2.5B2.5B3.2B3.4B4.3B3.0B
Net Working Capital684.4M308.0M654.8M595.4M451.1M539.4M

Pair Trading with Ivanhoe 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 Ivanhoe 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 Ivanhoe Mines will appreciate offsetting losses from the drop in the long position's value.

Moving against Ivanhoe Stock

  0.4INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Ivanhoe 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 Ivanhoe 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 Ivanhoe 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 Ivanhoe Mines to buy it.
The correlation of Ivanhoe 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 Ivanhoe Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ivanhoe Mines 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 Ivanhoe 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

Other Information on Investing in Ivanhoe Stock

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