Aura Days Sales Outstanding vs Ptb Ratio Analysis

ORA Stock  CAD 18.78  0.56  3.07%   
Aura Minerals financial indicator trend analysis is way more than just evaluating Aura Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aura Minerals is a good investment. Please check the relationship between Aura Minerals Days Sales Outstanding and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aura Minerals. 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.

Days Sales Outstanding vs Ptb Ratio

Days Sales Outstanding vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aura Minerals Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Aura Minerals' Days Sales Outstanding and Ptb Ratio is -0.95. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Aura Minerals, assuming nothing else is changed. The correlation between historical values of Aura Minerals' Days Sales Outstanding and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Aura Minerals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Aura Minerals' Days Sales Outstanding and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Days Sales Outstanding

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Aura Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aura Minerals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aura Minerals. 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, Aura Minerals' Discontinued Operations is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.10, while Selling General Administrative is likely to drop about 15 M.

Aura Minerals fundamental ratios Correlations

0.440.48-0.210.410.57-0.130.260.470.480.35-0.240.430.430.310.440.270.28-0.020.31-0.530.170.32-0.250.00.52
0.440.47-0.250.950.82-0.230.960.60.60.910.730.940.940.920.960.820.850.180.91-0.710.910.230.690.80.88
0.480.470.10.580.520.410.470.590.570.70.20.480.480.410.580.760.760.320.59-0.610.460.660.070.250.6
-0.21-0.250.1-0.27-0.490.2-0.09-0.73-0.74-0.02-0.050.0-0.01-0.11-0.070.030.02-0.070.020.660.0-0.250.14-0.15-0.06
0.410.950.58-0.270.9-0.120.940.680.680.940.690.90.910.880.940.890.90.230.9-0.790.90.270.580.80.87
0.570.820.52-0.490.9-0.150.730.780.790.750.430.730.740.730.770.680.70.320.7-0.870.670.210.30.560.77
-0.13-0.230.410.2-0.12-0.15-0.120.10.10.07-0.16-0.12-0.12-0.17-0.050.190.150.20.0-0.06-0.070.37-0.26-0.17-0.09
0.260.960.47-0.090.940.73-0.120.490.480.950.830.960.960.930.970.890.90.150.97-0.60.990.190.760.90.85
0.470.60.59-0.730.680.780.10.490.990.570.270.420.420.470.540.560.570.250.47-0.960.420.630.040.40.52
0.480.60.57-0.740.680.790.10.480.990.560.260.410.410.460.530.560.560.250.46-0.970.410.640.020.390.52
0.350.910.7-0.020.940.750.070.950.570.560.720.920.930.880.970.980.990.210.97-0.670.940.390.620.810.88
-0.240.730.2-0.050.690.43-0.160.830.270.260.720.680.680.730.690.690.710.280.8-0.330.850.060.910.810.52
0.430.940.480.00.90.73-0.120.960.420.410.920.681.00.920.980.840.850.070.94-0.540.950.120.660.830.89
0.430.940.48-0.010.910.74-0.120.960.420.410.930.681.00.930.980.840.850.060.94-0.540.950.120.660.830.89
0.310.920.41-0.110.880.73-0.170.930.470.460.880.730.920.930.940.790.810.030.87-0.540.910.130.710.850.83
0.440.960.58-0.070.940.77-0.050.970.540.530.970.690.980.980.940.90.910.110.96-0.650.950.280.630.840.9
0.270.820.760.030.890.680.190.890.560.560.980.690.840.840.790.90.990.210.92-0.650.890.480.560.770.79
0.280.850.760.020.90.70.150.90.570.560.990.710.850.850.810.910.990.270.94-0.660.90.450.590.760.82
-0.020.180.32-0.070.230.320.20.150.250.250.210.280.070.060.030.110.210.270.24-0.340.140.00.21-0.130.24
0.310.910.590.020.90.70.00.970.470.460.970.80.940.940.870.960.920.940.24-0.570.970.280.70.810.82
-0.53-0.71-0.610.66-0.79-0.87-0.06-0.6-0.96-0.97-0.67-0.33-0.54-0.54-0.54-0.65-0.65-0.66-0.34-0.57-0.52-0.57-0.13-0.46-0.67
0.170.910.460.00.90.67-0.070.990.420.410.940.850.950.950.910.950.890.90.140.97-0.520.160.780.910.81
0.320.230.66-0.250.270.210.370.190.630.640.390.060.120.120.130.280.480.450.00.28-0.570.16-0.180.170.23
-0.250.690.070.140.580.3-0.260.760.040.020.620.910.660.660.710.630.560.590.210.7-0.130.78-0.180.720.53
0.00.80.25-0.150.80.56-0.170.90.40.390.810.810.830.830.850.840.770.76-0.130.81-0.460.910.170.720.66
0.520.880.6-0.060.870.77-0.090.850.520.520.880.520.890.890.830.90.790.820.240.82-0.670.810.230.530.66
Click cells to compare fundamentals

Aura Minerals Account Relationship Matchups

Aura Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab26.8M63.8M83.4M25.1M25.0M20.4M
Total Current Liabilities87.4M120.7M146.6M161.1M201.5M211.6M
Total Stockholder Equity195.6M312.7M272.3M310.1M314.8M160.4M
Retained Earnings(434.5M)(366.0M)(408.1M)(361.9M)(401.5M)(381.4M)
Accounts Payable34.6M38.3M39.6M46.9M57.4M60.3M
Common Stock Shares Outstanding65.9M69.1M72.5M72.6M72.6M76.2M
Other Stockholder Equity55.4M55.9M55.0M55.3M55.5M52.7M
Total Liab154.9M223.5M320.2M417.2M609.0M639.5M
Common Stock Total Equity548.2M569.1M569.3M618.1M710.8M550.9M
Common Stock569.3M618.1M621.1M612.0M655.6M583.6M
Total Assets350.5M536.2M592.5M727.3M923.8M970.0M
Net Debt4.1M(44.4M)(2.3M)125.4M134.9M141.7M
Cash38.9M117.8M161.5M127.9M237.3M249.2M
Cash And Short Term Investments38.9M117.8M161.5M127.9M237.3M249.2M
Liabilities And Stockholders Equity350.5M536.2M592.5M727.3M923.8M970.0M
Other Current Assets6.4M49.6M44.5M55.4M89.7M94.2M
Total Current Assets110.2M217.4M272.5M247.6M378.9M397.9M
Property Plant And Equipment Net212.5M271.2M285.8M378.5M488.7M513.2M
Non Current Assets Total240.3M318.8M320.0M479.7M544.9M572.1M
Net Receivables31.5M3.5M8.8M54.5M5.3M5.0M
Property Plant And Equipment Gross212.5M271.2M674.5M786.1M944.8M992.0M
Accumulated Other Comprehensive Income5.4M4.8M4.2M4.7M5.2M5.4M
Short Term Investments849K1.1M1.1M474K426.6K405.3K
Non Current Liabilities Total67.5M102.8M173.6M256.0M407.5M427.9M
Inventory33.5M46.5M56.6M43.0M46.7M44.5M
Short Term Debt22.1M1.9M632K85.6M96.8M101.7M
Non Currrent Assets Other9.8M10.2M13.3M15.7M56.2M59.0M
Other Assets27.8M47.7M34.2M41.2M47.4M49.8M
Short Long Term Debt Total43.5M73.4M159.1M253.3M372.2M390.9M
Current Deferred Revenue3.9M13.0M5.2M4.9M5.6M5.4M
Other Liab46.1M59.8M70.5M88.3M101.6M52.7M
Net Tangible Assets195.6M312.7M272.3M310.1M356.6M189.1M
Property Plant Equipment212.5M271.2M285.8M378.5M435.3M457.1M
Long Term Debt20.9M41.9M99.9M140.8M250.7M263.3M
Long Term Debt Total21.4M43.0M100.3M167.7M192.9M202.5M
Capital Surpluse55.4M55.9M55.0M55.3M63.6M60.6M
Non Current Liabilities Other744K560K1.0M(1K)(900.0)(855.0)
Cash And Equivalents38.9M117.8M161.5M127.9M147.1M75.3M
Net Invested Capital216.5M354.7M372.1M451.0M565.5M357.6M

Pair Trading with Aura Minerals

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 Aura Minerals 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 Aura Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving against Aura Stock

  0.69INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Aura Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aura Minerals 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 Aura Minerals - 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 Aura Minerals to buy it.
The correlation of Aura Minerals 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 Aura Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aura Minerals 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 Aura Minerals 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 Aura Stock

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