Taseko Net Income From Continuing Ops vs Total Revenue Analysis
TKO Stock | CAD 3.06 0.07 2.34% |
Taseko Mines financial indicator trend analysis is much more than just breaking down Taseko Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taseko Mines is a good investment. Please check the relationship between Taseko Mines Net Income From Continuing Ops and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko 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. To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.
Net Income From Continuing Ops vs Total Revenue
Net Income From Continuing Ops vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taseko Mines Net Income From Continuing Ops account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Taseko Mines' Net Income From Continuing Ops and Total Revenue is 0.69. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Taseko Mines, assuming nothing else is changed. The correlation between historical values of Taseko Mines' Net Income From Continuing Ops and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Taseko Mines are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Taseko Mines' Net Income From Continuing Ops and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income From Continuing Ops
Total Revenue
Total revenue comprises all receipts Taseko Mines generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Taseko Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taseko 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko 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. To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.At this time, Taseko Mines' Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 14.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 20.9M | 15.0M | 21.1M | 15.2M | Other Operating Expenses | 290.4M | 352.4M | 338.7M | 191.8M |
Taseko Mines fundamental ratios Correlations
Click cells to compare fundamentals
Taseko Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Taseko Mines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 243.9M | 250.5M | 287.5M | 286.2M | 291.0M | 305.5M | |
Total Assets | 884.0M | 910.4M | 1.2B | 1.3B | 1.6B | 1.6B | |
Short Long Term Debt Total | 373.5M | 363.4M | 533.1M | 587.5M | 632.4M | 664.0M | |
Total Current Liabilities | 67.3M | 78.5M | 103.5M | 112.6M | 141.2M | 148.2M | |
Total Stockholder Equity | 301.7M | 317.4M | 358.5M | 356.4M | 434.1M | 257.1M | |
Property Plant And Equipment Net | 758.0M | 742.6M | 837.8M | 1.0B | 1.3B | 1.4B | |
Net Debt | 320.3M | 278.3M | 296.3M | 466.6M | 535.9M | 562.7M | |
Accounts Payable | 24.2M | 32.8M | 30.1M | 31.7M | 28.6M | 23.4M | |
Cash | 53.2M | 85.1M | 236.8M | 120.9M | 96.5M | 73.4M | |
Non Current Assets Total | 770.1M | 753.2M | 846.0M | 1.0B | 1.3B | 1.4B | |
Non Currrent Assets Other | 4.4M | 4.1M | 1.7M | 1.8M | 17.6M | 34.3M | |
Cash And Short Term Investments | 53.9M | 86.9M | 239.9M | 123.4M | 97.8M | 77.5M | |
Net Receivables | 13.8M | 6.7M | 9.6M | 13.2M | 16.5M | 17.5M | |
Liabilities And Stockholders Equity | 884.0M | 910.4M | 1.2B | 1.3B | 1.6B | 1.6B | |
Non Current Liabilities Total | 515.0M | 514.5M | 721.2M | 809.6M | 991.0M | 1.0B | |
Other Current Assets | 2.5M | 4.8M | 7.9M | 11.4M | 12.2M | 6.5M | |
Other Stockholder Equity | 51.6M | 53.4M | 55.4M | 55.8M | 54.8M | 93.8M | |
Total Liab | 582.3M | 593.0M | 824.7M | 922.3M | 1.1B | 1.2B | |
Property Plant And Equipment Gross | 758.0M | 742.6M | 1.5B | 1.7B | 2.0B | 2.1B | |
Total Current Assets | 113.9M | 157.2M | 337.2M | 240.9M | 249.5M | 137.0M | |
Accumulated Other Comprehensive Income | 6.8M | 7.7M | 6.6M | 26.8M | 16.6M | 12.4M | |
Other Current Liab | 20.7M | 20.1M | 38.9M | 49.2M | 77.0M | 80.8M | |
Retained Earnings | (193.1M) | (216.6M) | (180.1M) | (206.1M) | (123.4M) | (129.5M) | |
Short Term Debt | 16.5M | 17.6M | 18.3M | 18.4M | 22.1M | 16.1M | |
Inventory | 43.6M | 58.8M | 79.9M | 92.8M | 122.9M | 129.1M | |
Current Deferred Revenue | 4.6M | 5.6M | 13.4M | 12.1M | 10.3M | 5.7M | |
Short Term Investments | 730K | 1.8M | 3.1M | 2.6M | 1.3M | 1.3M | |
Common Stock Total Equity | 422.1M | 423.4M | 436.3M | 472.9M | 543.8M | 458.2M | |
Common Stock | 436.3M | 472.9M | 476.6M | 479.9M | 486.1M | 475.9M | |
Other Liab | 158.0M | 168.7M | 207.8M | 241.5M | 277.7M | 220.5M | |
Net Tangible Assets | 296.3M | 312.1M | 353.3M | 350.8M | 315.7M | 284.6M | |
Other Assets | 4.4M | 4.1M | 1.7M | 1.8M | 1.6M | 1.5M | |
Long Term Debt | 336.5M | 326.5M | 503.4M | 558.7M | 603.3M | 411.7M | |
Long Term Investments | 5.5M | 4.0M | 1.6M | 1.2M | 1.1M | 1.0M | |
Short Long Term Debt | 6.6M | 7.5M | 6.5M | 8.5M | 11.1M | 10.5M | |
Property Plant Equipment | 758.0M | 742.6M | 837.8M | 1.0B | 1.2B | 878.2M | |
Good Will | 5.4M | 5.3M | 5.2M | 5.6M | 5.5M | 5.9M | |
Long Term Debt Total | 357.0M | 345.8M | 514.8M | 569.1M | 654.4M | 430.2M | |
Capital Surpluse | 51.6M | 53.4M | 55.4M | 55.8M | 64.2M | 55.2M |
Pair Trading with Taseko 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 Taseko 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 Taseko Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Taseko Stock
Moving against Taseko Stock
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0.49 | BYD | Boyd Group Services | PairCorr |
0.46 | FFH | Fairfax Financial | PairCorr |
0.39 | CSU | Constellation Software | PairCorr |
0.38 | FSV | FirstService Corp | PairCorr |
The ability to find closely correlated positions to Taseko 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 Taseko 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 Taseko 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 Taseko Mines to buy it.
The correlation of Taseko 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 Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko 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 Taseko 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko 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. To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.