Centerra Other Stockholder Equity from 2010 to 2024
| CGAU Stock | USD 6.72 0.18 2.61% |
Other Stockholder Equity | First Reported 2005-03-31 | Previous Quarter 33.7 M | Current Value 31.6 M | Quarterly Volatility 282.1 M |
Check Centerra Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centerra Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 159.6 M, Total Revenue of 870.2 M or Gross Profit of 350 M, as well as many indicators such as Price To Sales Ratio of 1.1, Dividend Yield of 0.018 or PTB Ratio of 0.74. Centerra financial statements analysis is a perfect complement when working with Centerra Gold Valuation or Volatility modules.
Centerra | Other Stockholder Equity |
Latest Centerra Gold's Other Stockholder Equity Growth Pattern
Below is the plot of the Other Stockholder Equity of Centerra Gold over the last few years. It is Centerra Gold's Other Stockholder Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centerra Gold's overall financial position and show how it may be relating to other accounts over time.
| Other Stockholder Equity | 10 Years Trend |
|
Other Stockholder Equity |
| Timeline |
Centerra Other Stockholder Equity Regression Statistics
| Arithmetic Mean | 72,575,510 | |
| Geometric Mean | 34,507,411 | |
| Coefficient Of Variation | 236.99 | |
| Mean Deviation | 82,871,399 | |
| Median | 29,503,000 | |
| Standard Deviation | 171,995,622 | |
| Sample Variance | 29582.5T | |
| Range | 674M | |
| R-Value | (0.36) | |
| Mean Square Error | 27667.6T | |
| R-Squared | 0.13 | |
| Significance | 0.18 | |
| Slope | (13,948,465) | |
| Total Sum of Squares | 414154.9T |
Centerra Other Stockholder Equity History
About Centerra Gold Financial Statements
Centerra Gold shareholders use historical fundamental indicators, such as Other Stockholder Equity, to determine how well the company is positioned to perform in the future. Although Centerra Gold investors may analyze each financial statement separately, they are all interrelated. The changes in Centerra Gold's assets and liabilities, for example, are also reflected in the revenues and expenses on on Centerra Gold's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Other Stockholder Equity | 33.7 M | 32 M |
Pair Trading with Centerra 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 Centerra 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 Centerra Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Centerra Stock
Moving against Centerra Stock
| 0.84 | ZEUS | Olympic Steel | PairCorr |
| 0.83 | FF | FutureFuel Corp | PairCorr |
| 0.74 | CX | Cemex SAB de | PairCorr |
| 0.68 | X | United States Steel | PairCorr |
| 0.63 | CE | Celanese | PairCorr |
The ability to find closely correlated positions to Centerra 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 Centerra 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 Centerra 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 Centerra Gold to buy it.
The correlation of Centerra 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 Centerra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centerra 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 Centerra 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.Additional Tools for Centerra Stock Analysis
When running Centerra Gold's price analysis, check to measure Centerra 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 Centerra Gold is operating at the current time. Most of Centerra Gold's value examination focuses on studying past and present price action to predict the probability of Centerra 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 Centerra Gold's price. Additionally, you may evaluate how the addition of Centerra Gold to your portfolios can decrease your overall portfolio volatility.