Signal Income Quality vs Roe Analysis

SGNL Stock

0.07 0.00 0.00%

Signal Gold financial indicator trend analysis is much more than just breaking down Signal Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Signal Gold is a good investment. Please check the relationship between Signal Gold Income Quality and its Roe accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signal Gold. 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.

Income Quality vs Roe

Income Quality vs Roe Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Signal Gold Income Quality account and Roe. At this time, the significance of the direction appears to have no relationship.

The correlation between Signal Gold's Income Quality and Roe is 0.09. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Roe in the same time period over historical financial statements of Signal Gold, assuming nothing else is changed. The correlation between historical values of Signal Gold's Income Quality and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Signal Gold are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Income Quality i.e., Signal Gold's Income Quality and Roe go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Roe

Most indicators from Signal Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Signal Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Signal Gold. 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, Signal Gold's Tax Provision is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value is likely to grow to about 45.5 M, while Selling General Administrative is likely to drop about 4 M.

	2021	2022	2023	2024 (projected)
Total Revenue	27.8M	41.8M	48.0M	50.4M
Depreciation And Amortization	4.1M	165.9K	288.1K	273.7K

Total Revenue Depreciation And Amortization

Signal Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock	Other Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Inventory	Short Term Debt	Current Deferred Revenue	Other Assets	Long Term Debt
Total Assets		0.57	0.99	0.46	0.2	-0.54	0.35	0.91	0.99	0.91	-0.01	0.94	-0.27	0.96	0.74	0.39	0.93	0.21	0.51	0.75	0.64	0.24	0.37	0.76	-0.78	-0.41
Total Current Liabilities	0.57		0.6	0.94	-0.41	0.08	0.81	0.52	0.51	0.53	0.25	0.43	-0.14	0.48	0.73	0.37	0.61	0.25	-0.36	-0.07	-0.08	0.62	0.73	0.34	-0.4	-0.18
Total Stockholder Equity	0.99	0.6		0.51	0.1	-0.46	0.41	0.92	0.97	0.92	0.05	0.91	-0.32	0.93	0.8	0.43	0.92	0.25	0.45	0.69	0.56	0.33	0.35	0.7	-0.76	-0.36
Property Plant And Equipment Net	0.46	0.94	0.51		-0.57	0.23	0.86	0.46	0.39	0.47	0.3	0.33	-0.07	0.33	0.74	0.43	0.51	0.33	-0.49	-0.2	-0.25	0.69	0.61	0.14	-0.33	0.01
Net Debt	0.2	-0.41	0.1	-0.57		-0.84	-0.67	-0.02	0.32	-0.03	-0.43	0.39	0.12	0.41	-0.47	-0.43	0.16	-0.18	0.8	0.72	0.84	-0.74	-0.01	0.52	-0.25	-0.22
Retained Earnings	-0.54	0.08	-0.46	0.23	-0.84		0.34	-0.32	-0.62	-0.32	0.27	-0.67	-0.26	-0.7	0.06	0.13	-0.54	0.04	-0.78	-0.84	-0.86	0.47	-0.07	-0.68	0.47	0.41
Accounts Payable	0.35	0.81	0.41	0.86	-0.67	0.34		0.31	0.28	0.31	0.43	0.14	-0.12	0.19	0.66	0.44	0.4	0.21	-0.48	-0.28	-0.43	0.76	0.27	0.09	-0.13	-0.01
Cash	0.91	0.52	0.92	0.46	-0.02	-0.32	0.31		0.87	1.0	0.05	0.86	-0.25	0.83	0.85	0.49	0.81	0.2	0.37	0.63	0.52	0.3	0.32	0.6	-0.82	-0.42
Non Current Assets Total	0.99	0.51	0.97	0.39	0.32	-0.62	0.28	0.87		0.87	-0.06	0.96	-0.25	0.99	0.65	0.32	0.92	0.18	0.58	0.8	0.72	0.13	0.35	0.81	-0.79	-0.43
Cash And Short Term Investments	0.91	0.53	0.92	0.47	-0.03	-0.32	0.31	1.0	0.87		0.05	0.86	-0.25	0.83	0.85	0.5	0.81	0.2	0.37	0.62	0.52	0.3	0.32	0.59	-0.81	-0.41
Net Receivables	-0.01	0.25	0.05	0.3	-0.43	0.27	0.43	0.05	-0.06	0.05		-0.08	-0.07	-0.12	0.27	0.16	0.02	0.13	-0.34	-0.3	-0.37	0.24	-0.05	-0.05	0.03	-0.08
Common Stock Shares Outstanding	0.94	0.43	0.91	0.33	0.39	-0.67	0.14	0.86	0.96	0.86	-0.08		-0.16	0.97	0.56	0.32	0.85	0.2	0.59	0.84	0.79	-0.04	0.33	0.82	-0.85	-0.42
Other Stockholder Equity	-0.27	-0.14	-0.32	-0.07	0.12	-0.26	-0.12	-0.25	-0.25	-0.25	-0.07	-0.16		-0.16	-0.29	-0.11	-0.2	-0.26	-0.16	-0.1	-0.05	-0.22	-0.09	-0.13	0.1	0.07
Total Liab	0.96	0.48	0.93	0.33	0.41	-0.7	0.19	0.83	0.99	0.83	-0.12	0.97	-0.16		0.56	0.27	0.89	0.1	0.62	0.84	0.79	0.03	0.38	0.85	-0.8	-0.48
Total Current Assets	0.74	0.73	0.8	0.74	-0.47	0.06	0.66	0.85	0.65	0.85	0.27	0.56	-0.29	0.56		0.61	0.74	0.27	-0.06	0.19	0.04	0.73	0.35	0.25	-0.51	-0.15
Other Current Liab	0.39	0.37	0.43	0.43	-0.43	0.13	0.44	0.49	0.32	0.5	0.16	0.32	-0.11	0.27	0.61		0.31	0.1	-0.12	0.08	-0.12	0.53	-0.15	-0.08	-0.06	0.07
Common Stock	0.93	0.61	0.92	0.51	0.16	-0.54	0.4	0.81	0.92	0.81	0.02	0.85	-0.2	0.89	0.74	0.31		0.19	0.4	0.63	0.54	0.3	0.41	0.68	-0.69	-0.38
Other Current Assets	0.21	0.25	0.25	0.33	-0.18	0.04	0.21	0.2	0.18	0.2	0.13	0.2	-0.26	0.1	0.27	0.1	0.19		-0.14	-0.03	-0.06	0.08	0.14	0.1	-0.25	0.05
Non Currrent Assets Other	0.51	-0.36	0.45	-0.49	0.8	-0.78	-0.48	0.37	0.58	0.37	-0.34	0.59	-0.16	0.62	-0.06	-0.12	0.4	-0.14		0.93	0.88	-0.46	-0.21	0.61	-0.43	-0.41
Non Current Liabilities Total	0.75	-0.07	0.69	-0.2	0.72	-0.84	-0.28	0.63	0.8	0.62	-0.3	0.84	-0.1	0.84	0.19	0.08	0.63	-0.03	0.93		0.95	-0.35	-0.01	0.76	-0.66	-0.43
Short Long Term Debt Total	0.64	-0.08	0.56	-0.25	0.84	-0.86	-0.43	0.52	0.72	0.52	-0.37	0.79	-0.05	0.79	0.04	-0.12	0.54	-0.06	0.88	0.95		-0.5	0.18	0.77	-0.66	-0.43
Inventory	0.24	0.62	0.33	0.69	-0.74	0.47	0.76	0.3	0.13	0.3	0.24	-0.04	-0.22	0.03	0.73	0.53	0.3	0.08	-0.46	-0.35	-0.5		0.22	-0.31	0.16	0.28
Short Term Debt	0.37	0.73	0.35	0.61	-0.01	-0.07	0.27	0.32	0.35	0.32	-0.05	0.33	-0.09	0.38	0.35	-0.15	0.41	0.14	-0.21	-0.01	0.18	0.22		0.32	-0.39	-0.16
Current Deferred Revenue	0.76	0.34	0.7	0.14	0.52	-0.68	0.09	0.6	0.81	0.59	-0.05	0.82	-0.13	0.85	0.25	-0.08	0.68	0.1	0.61	0.76	0.77	-0.31	0.32		-0.82	-0.67
Other Assets	-0.78	-0.4	-0.76	-0.33	-0.25	0.47	-0.13	-0.82	-0.79	-0.81	0.03	-0.85	0.1	-0.8	-0.51	-0.06	-0.69	-0.25	-0.43	-0.66	-0.66	0.16	-0.39	-0.82		0.6
Long Term Debt	-0.41	-0.18	-0.36	0.01	-0.22	0.41	-0.01	-0.42	-0.43	-0.41	-0.08	-0.42	0.07	-0.48	-0.15	0.07	-0.38	0.05	-0.41	-0.43	-0.43	0.28	-0.16	-0.67	0.6

Click cells to compare fundamentals

Signal Gold Account Relationship Matchups

Signal Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	63.8M	81.4M	95.6M	93.9M	95.3M	100.1M
Total Current Liabilities	8.5M	9.0M	16.4M	19.5M	2.0M	1.9M
Total Stockholder Equity	48.3M	64.8M	70.9M	66.2M	65.4M	68.6M
Property Plant And Equipment Net	49.8M	55.2M	73.8M	75.7M	486.4K	462.1K
Net Debt	341.6K	(12.0M)	(8.5M)	2.1M	13.2M	13.8M
Retained Earnings	(14.4M)	(5.5M)	(12.6M)	(24.2M)	(39.7M)	(37.7M)
Accounts Payable	3.3M	3.3M	6.7M	3.8M	666.6K	633.2K
Cash	4.4M	14.6M	10.1M	9.3M	9.9M	10.3M
Non Current Assets Total	52.5M	58.4M	77.7M	78.9M	85.0M	89.3M
Cash And Short Term Investments	4.7M	14.6M	10.1M	9.3M	9.9M	10.3M
Net Receivables	310.1K	585.6K	1.3M	548.9K	127.4K	121.1K
Common Stock Shares Outstanding	127.2M	146.2M	172.0M	183.7M	223.5M	234.7M
Liabilities And Stockholders Equity	63.8M	81.4M	95.6M	93.9M	95.3M	100.1M
Other Stockholder Equity	2.7M	1.6M	1.5M	982.4K	884.1K	839.9K
Total Liab	15.4M	16.6M	24.7M	27.6M	30.0M	31.5M
Total Current Assets	11.2M	23.0M	17.8M	14.9M	10.3M	7.2M
Other Current Liab	2.9M	3.6M	3.3M	165.3K	1.0M	1.8M
Common Stock	57.8M	67.0M	82.0M	87.7M	98.7M	57.6M
Accumulated Other Comprehensive Income	2.3M	1.8M	1.5M	1.8M	6.3M	6.7M
Other Current Assets	694.7K	914.3K	792.8K	682.5K	304.7K	528.9K
Non Currrent Assets Other	71.8K	79.8K	198.8K	212.8K	81.3M	85.4M
Non Current Liabilities Total	6.9M	7.5M	8.2M	8.2M	28.0M	29.4M
Short Long Term Debt Total	4.7M	2.6M	1.6M	11.4M	23.0M	24.2M
Inventory	5.6M	6.8M	5.6M	4.4M	1.0	0.95
Short Term Debt	2.3M	1.9M	1.4M	11.2M	323.1K	306.9K
Other Assets	2.7M	79.8K	198.8K	(1.0)	(0.9)	(0.85)
Long Term Debt Total	2.4M	753.7K	235.6K	155.5K	139.9K	132.9K
Cash And Equivalents	4.4M	14.6M	10.1M	9.3M	10.6M	8.1M
Property Plant Equipment	49.8M	55.2M	73.8M	75.7M	87.1M	57.8M

Pair Trading with Signal Gold

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 Signal Gold 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 Signal Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Signal Stock

0.73

ORE

Orezone Gold Corp

Pair Corr

Moving against Signal Stock

0.64	JPM	JPMorgan Chase	Pair Corr
0.6	TSLA	Tesla Inc CDR	Pair Corr
0.45	AMZN	Amazon CDR	Pair Corr
0.33	NVDA	NVIDIA CDR	Pair Corr

The ability to find closely correlated positions to Signal Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Signal Gold 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 Signal Gold - 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 Signal Gold to buy it.

The correlation of Signal Gold 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 Signal Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Signal Gold 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 Signal Gold 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 Correlation Correlation Matching

Other Information on Investing in Signal Stock

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

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Signal Income Quality vs Roe Analysis

Income Quality vs Roe

Income Quality vs Roe Correlation Analysis

Correlation Coefficient

Income Quality

Roe

Signal Gold fundamental ratios Correlations

Signal Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Signal Gold fundamental ratios Accounts

Pair Trading with Signal Gold

Moving together with Signal Stock

Moving against Signal Stock

Other Information on Investing in Signal Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.97	Common Stock Shares Outstanding

Short Long Term Debt Total	- 0.86	Retained Earnings
Other Assets	- 0.85	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.84	Retained Earnings
Retained Earnings	- 0.84	Net Debt
Other Assets	- 0.82	Current Deferred Revenue
Other Assets	- 0.82	Cash