USAU Net Invested Capital from 2010 to 2024
| USAU Stock | USD 5.07 0.13 2.50% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 21.7 M | Current Value 16.7 M | Quarterly Volatility 9.1 M |
Check US Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among US Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 76.1 K, Total Revenue of 0.0 or Other Operating Expenses of 8 M, as well as many indicators such as Price To Sales Ratio of 10.11, Dividend Yield of 0.0442 or PTB Ratio of 1.82. USAU financial statements analysis is a perfect complement when working with US Gold Valuation or Volatility modules.
USAU | Net Invested Capital |
Latest US Gold's Net Invested Capital Growth Pattern
Below is the plot of the Net Invested Capital of US Gold Corp over the last few years. It is the total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents. US Gold's Net Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in US Gold's overall financial position and show how it may be relating to other accounts over time.
| Net Invested Capital | 10 Years Trend |
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Net Invested Capital |
| Timeline |
USAU Net Invested Capital Regression Statistics
| Arithmetic Mean | 11,073,513 | |
| Geometric Mean | 7,997,042 | |
| Coefficient Of Variation | 81.81 | |
| Mean Deviation | 7,682,507 | |
| Median | 7,152,815 | |
| Standard Deviation | 9,058,876 | |
| Sample Variance | 82.1T | |
| Range | 26.9M | |
| R-Value | 0.80 | |
| Mean Square Error | 32.3T | |
| R-Squared | 0.63 | |
| Significance | 0.0004 | |
| Slope | 1,613,512 | |
| Total Sum of Squares | 1148.9T |
USAU Net Invested Capital History
About US Gold Financial Statements
US Gold shareholders use historical fundamental indicators, such as Net Invested Capital, to determine how well the company is positioned to perform in the future. Although US Gold investors may analyze each financial statement separately, they are all interrelated. The changes in US Gold's assets and liabilities, for example, are also reflected in the revenues and expenses on on US 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 | ||
| Net Invested Capital | 21.7 M | 16.7 M |
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
Moving against USAU Stock
| 0.85 | FF | FutureFuel Corp | PairCorr |
| 0.82 | ZEUS | Olympic Steel | PairCorr |
| 0.78 | CX | Cemex SAB de | PairCorr |
| 0.73 | CE | Celanese | PairCorr |
| 0.67 | PKX | POSCO Holdings | 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.Additional Tools for USAU Stock Analysis
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.