OceanaGold Net Working Capital from 2010 to 2026
| OGC Stock | CAD 53.72 4.45 7.65% |
Net Working Capital | First Reported 2020-03-31 | Previous Quarter 172.6 M | Current Value 226.1 M | Quarterly Volatility 69 M |
Check OceanaGold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OceanaGold's main balance sheet or income statement drivers, such as Interest Expense of 15.6 M, Total Revenue of 2 B or Gross Profit of 941.7 M, as well as many indicators such as Price To Sales Ratio of 3.23, Dividend Yield of 0.0036 or PTB Ratio of 3.77. OceanaGold financial statements analysis is a perfect complement when working with OceanaGold Valuation or Volatility modules.
OceanaGold | Net Working Capital |
Evaluating OceanaGold's Net Working Capital 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 OceanaGold's fundamental strength.
Latest OceanaGold's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of OceanaGold over the last few years. It is OceanaGold's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in OceanaGold's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
|
Net Working Capital |
| Timeline |
OceanaGold Net Working Capital Regression Statistics
| Arithmetic Mean | 53,824,529 | |
| Geometric Mean | 4,714,919 | |
| Coefficient Of Variation | 148.52 | |
| Mean Deviation | 61,336,215 | |
| Median | 13,500,000 | |
| Standard Deviation | 79,938,899 | |
| Sample Variance | 6390.2T | |
| Range | 237.2M | |
| R-Value | 0.79 | |
| Mean Square Error | 2560.7T | |
| R-Squared | 0.62 | |
| Significance | 0.0002 | |
| Slope | 12,508,176 | |
| Total Sum of Squares | 102243.6T |
OceanaGold Net Working Capital History
About OceanaGold Financial Statements
OceanaGold investors utilize fundamental indicators, such as Net Working Capital, to predict how OceanaGold 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 | ||
| Net Working Capital | 226.1 M | 237.4 M |
Pair Trading with OceanaGold
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 OceanaGold 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 OceanaGold will appreciate offsetting losses from the drop in the long position's value.Moving together with OceanaGold Stock
| 0.97 | AG | First Majestic Silver | PairCorr |
| 0.92 | ORE | Orezone Gold Corp | PairCorr |
| 0.9 | FDY | Faraday Copper Corp Earnings Call This Week | PairCorr |
Moving against OceanaGold Stock
The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold 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 OceanaGold - 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 OceanaGold to buy it.
The correlation of OceanaGold 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 OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold 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 OceanaGold 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.Other Information on Investing in OceanaGold Stock
OceanaGold financial ratios help investors to determine whether OceanaGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OceanaGold with respect to the benefits of owning OceanaGold security.