Eldorado Return On Tangible Assets from 2010 to 2026
| ELD Stock | CAD 60.75 1.29 2.17% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.0779353 | Current Value 0.0818 | Quarterly Volatility 0.09202253 |
Check Eldorado Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eldorado Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 284.6 M, Interest Expense of 29.6 M or Selling General Administrative of 91.8 M, as well as many indicators such as Price To Sales Ratio of 7.72, Dividend Yield of 0.0054 or PTB Ratio of 1.96. Eldorado financial statements analysis is a perfect complement when working with Eldorado Gold Valuation or Volatility modules.
Eldorado | Return On Tangible Assets |
Evaluating Eldorado Gold's Return On Tangible Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Eldorado Gold Corp's fundamental strength.
Latest Eldorado Gold's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Eldorado Gold Corp over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Eldorado Gold's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eldorado Gold's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Eldorado Return On Tangible Assets Regression Statistics
| Arithmetic Mean | (0.01) | |
| Coefficient Of Variation | (846.92) | |
| Mean Deviation | 0.07 | |
| Median | 0.02 | |
| Standard Deviation | 0.09 | |
| Sample Variance | 0.01 | |
| Range | 0.3733 | |
| R-Value | 0.20 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.04 | |
| Significance | 0.43 | |
| Slope | 0 | |
| Total Sum of Squares | 0.14 |
Eldorado Return On Tangible Assets History
About Eldorado Gold Financial Statements
Eldorado Gold investors utilize fundamental indicators, such as Return On Tangible Assets, to predict how Eldorado Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.08 |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
| 0.91 | AG | First Majestic Silver | PairCorr |
| 0.74 | IE | Ivanhoe Energy Earnings Call Today | PairCorr |
| 0.91 | ORE | Orezone Gold Corp | PairCorr |
| 0.81 | FDY | Faraday Copper Corp | PairCorr |
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado 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 Eldorado 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 the analysis of Eldorado Gold Correlation against competitors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.