USAU Property Plant Equipment vs Accumulated Depreciation Analysis
USAU Stock | USD 5.17 0.10 1.97% |
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 Property Plant Equipment and its Accumulated Depreciation 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 closely tied with the direction of predictive economic indicators such as signals in nation.
Property Plant Equipment vs Accumulated Depreciation
Property Plant Equipment vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of US Gold Corp Property Plant Equipment account and Accumulated Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between US Gold's Property Plant Equipment and Accumulated Depreciation is 0.34. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Accumulated Depreciation 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 Property Plant Equipment and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of US Gold Corp are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Property Plant Equipment i.e., US Gold's Property Plant Equipment and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Property Plant Equipment
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for US Gold Corp fixed asset that has been charged to US Gold expense since that asset was acquired and made available for US Gold use. The accumulated depreciation account is US Gold Corp asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by US Gold Corp.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 closely tied 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
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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
Moving against USAU Stock
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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.