SolGold Historical Valuation
| SOLG Stock | CAD 0.14 0.00 0.00% |
Some fundamental drivers such as market cap or SolGold PLC enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze SolGold PLC valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of SolGold PLC's future value.
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About SolGold Valuation Data Analysis
Valuation is the financial process of determining what SolGold PLC is worth. SolGold PLC valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. SolGold PLC valuation ratios help investors to determine whether SolGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SolGold with respect to the benefits of owning SolGold PLC security.
SolGold PLC Valuation Data Chart
Most indicators from SolGold PLC's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into SolGold PLC current financial condition. On the other hand, looking into the entire matrix of valuation accounts 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 SolGold PLC. 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. As of the 26th of March 2025, Enterprise Value is likely to grow to about 491.6 M, while Market Cap is likely to drop about 218.1 M.
SolGold PLC valuation accounts Correlations
SolGold PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SolGold PLC valuation accounts Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 833.8M | 815.5M | 520.0M | 327.1M | 294.4M | 218.1M | |
| Enterprise Value | 831.8M | 874.2M | 635.1M | 520.2M | 468.2M | 491.6M |
Pair Trading with SolGold PLC
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 SolGold PLC 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 SolGold PLC will appreciate offsetting losses from the drop in the long position's value.Moving against SolGold Stock
The ability to find closely correlated positions to SolGold PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolGold PLC 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 SolGold PLC - 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 SolGold PLC to buy it.
The correlation of SolGold PLC 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 SolGold PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolGold PLC 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 SolGold PLC 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.Other Information on Investing in SolGold Stock
Valuation is the financial process of determining what SolGold PLC is worth. SolGold PLC valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. SolGold PLC valuation ratios help investors to determine whether SolGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SolGold with respect to the benefits of owning SolGold PLC security.