Xtra Free Cash Flow Yield vs Pb Ratio Analysis

XTG Stock  CAD 1.78  0.03  1.66%   
Xtra Gold financial indicator trend analysis is more than just analyzing Xtra Gold Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xtra Gold Resources is a good investment. Please check the relationship between Xtra Gold Free Cash Flow Yield and its Pb Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources Corp. 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.

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xtra Gold Resources Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Xtra Gold's Free Cash Flow Yield and Pb Ratio is -0.34. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Xtra Gold Resources Corp, assuming nothing else is changed. The correlation between historical values of Xtra Gold's Free Cash Flow Yield and Pb 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 Free Cash Flow Yield of Xtra Gold Resources Corp are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Xtra Gold's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Pb Ratio

Most indicators from Xtra Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xtra Gold Resources 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtra Gold Resources Corp. 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, Xtra Gold's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 13.67, while Tax Provision is likely to drop about 837.4 K.
 2021 2022 2023 2024 (projected)
Tax Provision1.1M800K861.8K837.4K
Reconciled Depreciation173.7K188.4K165.9K171.0K

Xtra Gold fundamental ratios Correlations

0.340.640.61.00.39-0.620.72-0.560.660.40.080.83-0.11-0.24-0.150.95-0.370.760.690.81-0.39-0.550.60.70.01
0.34-0.3-0.250.330.980.460.880.36-0.370.98-0.8-0.16-0.19-0.94-0.550.26-0.970.260.86-0.19-0.98-0.02-0.25-0.230.04
0.64-0.30.980.61-0.21-0.910.11-0.750.93-0.20.430.91-0.270.350.080.610.20.810.170.90.23-0.440.760.710.16
0.6-0.250.980.56-0.16-0.850.12-0.60.88-0.160.380.86-0.340.310.070.570.150.850.220.860.18-0.280.720.660.31
1.00.330.610.560.37-0.620.72-0.580.660.390.080.83-0.07-0.24-0.140.96-0.360.720.660.81-0.38-0.580.60.7-0.04
0.390.98-0.21-0.160.370.370.910.28-0.281.0-0.84-0.08-0.15-0.95-0.640.3-0.990.360.87-0.11-0.99-0.08-0.25-0.260.06
-0.620.46-0.91-0.85-0.620.370.00.81-0.990.37-0.64-0.940.12-0.48-0.27-0.58-0.36-0.610.04-0.94-0.370.44-0.78-0.80.1
0.720.880.110.120.720.910.0-0.040.080.92-0.60.3-0.13-0.82-0.550.64-0.910.580.930.28-0.91-0.310.070.10.01
-0.560.36-0.75-0.6-0.580.280.81-0.04-0.790.27-0.46-0.77-0.04-0.35-0.1-0.53-0.28-0.420.05-0.77-0.290.82-0.66-0.630.35
0.66-0.370.930.880.66-0.28-0.990.08-0.79-0.270.550.96-0.160.390.220.610.260.670.050.960.28-0.450.790.78-0.1
0.40.98-0.2-0.160.391.00.370.920.27-0.27-0.83-0.08-0.15-0.94-0.640.31-0.990.360.88-0.1-0.99-0.09-0.25-0.240.06
0.08-0.80.430.380.08-0.84-0.64-0.6-0.460.55-0.830.41-0.010.870.70.10.85-0.08-0.550.440.8-0.090.540.67-0.06
0.83-0.160.910.860.83-0.08-0.940.3-0.770.96-0.080.41-0.150.190.130.810.070.750.261.00.08-0.520.810.81-0.05
-0.11-0.19-0.27-0.34-0.07-0.150.12-0.13-0.04-0.16-0.15-0.01-0.150.08-0.17-0.050.15-0.34-0.27-0.150.180.0-0.45-0.3-0.13
-0.24-0.940.350.31-0.24-0.95-0.48-0.82-0.350.39-0.940.870.190.080.55-0.210.95-0.18-0.730.220.940.050.310.380.04
-0.15-0.550.080.07-0.14-0.64-0.27-0.55-0.10.22-0.640.70.13-0.170.55-0.060.66-0.3-0.530.160.620.20.440.42-0.18
0.950.260.610.570.960.3-0.580.64-0.530.610.310.10.81-0.05-0.21-0.06-0.290.680.620.8-0.3-0.540.640.690.08
-0.37-0.970.20.15-0.36-0.99-0.36-0.91-0.280.26-0.990.850.070.150.950.66-0.29-0.36-0.850.10.990.070.250.28-0.03
0.760.260.810.850.720.36-0.610.58-0.420.670.36-0.080.75-0.34-0.18-0.30.68-0.360.660.74-0.33-0.310.50.480.34
0.690.860.170.220.660.870.040.930.050.050.88-0.550.26-0.27-0.73-0.530.62-0.850.660.24-0.87-0.220.090.170.27
0.81-0.190.90.860.81-0.11-0.940.28-0.770.96-0.10.441.0-0.150.220.160.80.10.740.240.11-0.510.840.83-0.06
-0.39-0.980.230.18-0.38-0.99-0.37-0.91-0.290.28-0.990.80.080.180.940.62-0.30.99-0.33-0.870.110.090.230.22-0.03
-0.55-0.02-0.44-0.28-0.58-0.080.44-0.310.82-0.45-0.09-0.09-0.520.00.050.2-0.540.07-0.31-0.22-0.510.09-0.43-0.410.38
0.6-0.250.760.720.6-0.25-0.780.07-0.660.79-0.250.540.81-0.450.310.440.640.250.50.090.840.23-0.430.88-0.13
0.7-0.230.710.660.7-0.26-0.80.1-0.630.78-0.240.670.81-0.30.380.420.690.280.480.170.830.22-0.410.88-0.08
0.010.040.160.31-0.040.060.10.010.35-0.10.06-0.06-0.05-0.130.04-0.180.08-0.030.340.27-0.06-0.030.38-0.13-0.08
Click cells to compare fundamentals

Xtra Gold Account Relationship Matchups

Xtra Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.9M9.3M10.8M11.9M11.9M7.8M
Other Current Liab443.4K426.5K1.1M1.3M1.5M1.6M
Total Current Liabilities443.5K426.8K1.1M1.4M1.5M1.6M
Total Stockholder Equity6.9M9.2M9.8M10.5M10.2M7.3M
Property Plant And Equipment Net1.1M1.3M1.3M1.4M1.3M1.9M
Net Debt(4.0M)(4.5M)(4.7M)(5.8M)(7.2M)(6.8M)
Retained Earnings(24.7M)(22.8M)(22.0M)(21.3M)(21.5M)(22.6M)
Accounts Payable147.31286.421.0K67.6K2.1K2.0K
Cash4.0M4.5M4.7M5.8M7.2M7.5M
Non Current Assets Total1.4M1.6M1.6M1.7M1.6M2.0M
Cash And Short Term Investments4.9M6.8M8.0M9.3M9.4M9.8M
Net Receivables177.4K100.6K103.2K104.8K(2.2K)(2.1K)
Common Stock Total Equity47.8K46.2K45.8K46.8K53.8K44.9K
Short Term Investments887.1K2.3M3.4M3.5M2.2M1.6M
Liabilities And Stockholders Equity6.9M9.3M10.8M11.9M11.9M7.8M
Other Stockholder Equity31.5M32.0M31.8M31.8M31.7M28.8M
Total Liab443.5K426.8K1.1M1.4M1.5M1.6M
Property Plant And Equipment Gross1.1M1.3M3.5M3.8M3.8M2.1M
Total Current Assets5.4M7.7M9.1M10.2M10.3M10.8M
Common Stock45.8K46.8K46.7K46.4K46.2K45.9K
Other Current Assets1.1K2.4K3.5K104.8K102.2K146.7K
Inventory393.0K842.0K975.3K795.9K817.6K858.5K
Net Tangible Assets4.8M6.9M9.2M9.8M11.3M6.1M
Other Assets246.3K296.3K0.0296.3K266.7K159.9K
Property Plant Equipment1.1M1.3M1.3M1.4M1.6M1.4M
Capital Surpluse31.5M32.0M31.8M31.8M36.6M34.9M
Cash And Equivalents4.0M4.5M4.7M5.8M6.6M3.7M
Net Invested Capital6.9M9.2M9.8M10.5M10.2M8.7M
Net Working Capital5.0M7.3M8.0M8.8M8.8M6.6M
Capital Stock45.8K46.8K46.7K46.4K46.2K51.0K

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

Moving together with Xtra Stock

  0.64IE Ivanhoe EnergyPairCorr

Moving against Xtra Stock

  0.58INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Xtra 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 Xtra 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 Xtra 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources 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 Xtra 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 CorrelationCorrelation Matching

Other Information on Investing in Xtra Stock

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