USAU Capital Surpluse vs Accounts Payable Analysis
USAU Stock | USD 5.95 0.59 11.01% |
US Gold financial indicator trend analysis is much more than just breaking down US Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether US Gold Corp is a good investment. Please check the relationship between US Gold Capital Surpluse and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Capital Surpluse vs Accounts Payable
Capital Surpluse vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of US Gold Corp Capital Surpluse account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between US Gold's Capital Surpluse and Accounts Payable is -0.48. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of US Gold Corp, assuming nothing else is changed. The correlation between historical values of US Gold's Capital Surpluse and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of US Gold Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Surpluse i.e., US Gold's Capital Surpluse and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Surpluse
Accounts Payable
An accounting item on the balance sheet that represents US Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of US Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from US Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into US Gold Corp 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 US Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At this time, US Gold's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 6.8 M in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (2.53).
2023 | 2024 (projected) | Non Recurring | 4.6M | 2.8M | Reconciled Depreciation | 102.3K | 53.4K |
US Gold fundamental ratios Correlations
Click cells to compare fundamentals
US Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
US Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.8M | 31.3M | 27.5M | 24.2M | 21.8M | 17.1M | |
Total Current Liabilities | 157.8K | 619.0K | 1.1M | 378.8K | 340.9K | 323.9K | |
Total Stockholder Equity | 9.5M | 30.5M | 23.7M | 18.9M | 17.0M | 12.6M | |
Property Plant And Equipment Net | 6.3M | 16.5M | 16.8M | 14.9M | 17.1M | 18.0M | |
Net Debt | (2.7M) | (13.6M) | (9.0M) | (7.8M) | (9.0M) | (9.4M) | |
Retained Earnings | (31.6M) | (44.0M) | (57.9M) | (66.0M) | (59.4M) | (56.4M) | |
Cash | 2.7M | 13.6M | 9.1M | 7.8M | 7.0M | 5.2M | |
Non Current Assets Total | 6.7M | 17.2M | 17.6M | 15.8M | 18.1M | 19.0M | |
Cash And Short Term Investments | 2.7M | 13.6M | 9.1M | 7.8M | 7.0M | 5.2M | |
Common Stock Shares Outstanding | 2.3M | 4.7M | 7.3M | 8.4M | 9.7M | 10.2M | |
Liabilities And Stockholders Equity | 9.8M | 31.3M | 27.5M | 24.2M | 21.8M | 17.1M | |
Non Current Liabilities Total | 168.4K | 204.6K | 2.7M | 4.9M | 5.7M | 6.0M | |
Other Current Assets | 212.7K | 430.4K | 787.9K | 610.1K | 549.1K | 576.6K | |
Other Stockholder Equity | 41.1M | 74.5M | 81.6M | 84.8M | 97.5M | 102.4M | |
Total Liab | 326.2K | 823.7K | 3.8M | 5.3M | 4.8M | 4.5M | |
Total Current Assets | 3.2M | 14.1M | 9.9M | 8.4M | 7.6M | 13.0M | |
Other Current Liab | 47.9K | 3.5K | 1.1M | 346.7K | 312.0K | 296.4K | |
Accounts Payable | 154.4K | 619.0K | 1.1M | 346.7K | 312.0K | 296.4K | |
Non Currrent Assets Other | 355.6K | 718.5K | 832.5K | 857.5K | 771.8K | 810.3K | |
Property Plant And Equipment Gross | 6.3M | 16.5M | 16.8M | 15.0M | 17.3M | 18.1M | |
Common Stock Total Equity | 17.6K | 19.9K | 2.9K | 7.1K | 6.4K | 6.0K | |
Common Stock | 2.9K | 7.1K | 8.4K | 9.3K | 8.4K | 7.9K | |
Net Tangible Assets | 7.2M | 9.5M | 30.5M | 23.7M | 27.2M | 28.6M | |
Retained Earnings Total Equity | (18.2M) | (26.3M) | (31.6M) | (44.0M) | (39.6M) | (37.6M) | |
Capital Surpluse | 30.9M | 33.4M | 41.1M | 74.5M | 85.6M | 89.9M | |
Property Plant Equipment | 74.9K | 133.4K | 16.5M | 16.8M | 19.3M | 20.3M | |
Net Invested Capital | 9.5M | 30.5M | 23.7M | 18.9M | 21.7M | 16.7M | |
Net Working Capital | 3.0M | 13.5M | 8.8M | 8.1M | 9.3M | 7.0M |
Pair Trading with US 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 US 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 US Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with USAU Stock
0.89 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.87 | AG | First Majestic Silver Buyout Trend | PairCorr |
0.81 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against USAU Stock
0.63 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to US 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 US 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 US 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 US Gold Corp to buy it.
The correlation of US 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 US Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Gold Corp 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 US 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the US Gold Corp information on this page should be used as a complementary analysis to other US Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running US Gold's price analysis, check to measure US Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy US Gold is operating at the current time. Most of US Gold's value examination focuses on studying past and present price action to predict the probability of US Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move US Gold's price. Additionally, you may evaluate how the addition of US Gold to your portfolios can decrease your overall portfolio volatility.
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Is US Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of US Gold. If investors know USAU will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about US Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.73) | Return On Assets (0.25) | Return On Equity (0.40) |
The market value of US Gold Corp is measured differently than its book value, which is the value of USAU that is recorded on the company's balance sheet. Investors also form their own opinion of US Gold's value that differs from its market value or its book value, called intrinsic value, which is US Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US Gold's market value can be influenced by many factors that don't directly affect US Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.