China Free Cash Flow Yield vs Average Payables Analysis
| CGG Stock | | | CAD 23.84 0.76 3.29% |
China Gold financial indicator trend analysis is way more than just evaluating China Gold International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Gold International is a good investment. Please check the relationship between China Gold Free Cash Flow Yield and its Average Payables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Free Cash Flow Yield vs Average Payables
Free Cash Flow Yield vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Gold International Free Cash Flow Yield account and
Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between China Gold's Free Cash Flow Yield and Average Payables is -0.04. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Payables in the same time period over historical financial statements of China Gold International, assuming nothing else is changed. The correlation between historical values of China Gold's Free Cash Flow Yield and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of China Gold International are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Yield i.e., China Gold's Free Cash Flow Yield and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from China Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Gold International 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, China Gold's
Sales General And Administrative To Revenue is very stable compared to the past year. As of the 8th of November 2025,
Enterprise Value Over EBITDA is likely to grow to 10.76, while
Selling General Administrative is likely to drop about 22
M.
China Gold fundamental ratios Correlations
Click cells to compare fundamentals
China Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Gold fundamental ratios Accounts
Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.
The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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.
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Gold International at a specified time, usually calculated after every quarter, six months, or one year. China Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which China currently owns. An asset can also be divided into two categories, current and non-current.