Allied Financial Statements From 2010 to 2026
| AAUC Stock | 34.89 0.50 1.45% |
Check Allied Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allied Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Allied financial statements analysis is a perfect complement when working with Allied Gold Valuation or Volatility modules.
Allied |
Allied Gold Company Current Valuation Analysis
Allied Gold's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Allied Gold Current Valuation | 4.16 B |
Most of Allied Gold's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allied Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Allied Gold has a Current Valuation of 4.16 B. This is 63.58% lower than that of the Basic Materials sector and 5.71% higher than that of the Gold industry. The current valuation for all Canada stocks is 75.01% higher than that of the company.
Allied Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Allied Gold's current stock value. Our valuation model uses many indicators to compare Allied Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allied Gold competition to find correlations between indicators driving Allied Gold's intrinsic value. More Info.Allied Gold is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 4.17 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Allied Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allied Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Allied Gold Financial Statements
Allied Gold investors utilize fundamental indicators, such as revenue or net income, to predict how Allied 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.
Pair Trading with Allied 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 Allied 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 Allied Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Allied Stock
| 0.61 | AEM | Agnico Eagle Mines | PairCorr |
| 0.88 | ABX | Barrick Gold Corp | PairCorr |
| 0.91 | WPM | Wheaton Precious Metals | PairCorr |
| 0.83 | FNV | Franco Nevada | PairCorr |
| 0.89 | K | Kinross Gold Corp | PairCorr |
Moving against Allied Stock
The ability to find closely correlated positions to Allied 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 Allied 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 Allied 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 Allied Gold to buy it.
The correlation of Allied 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 Allied Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allied Gold 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 Allied 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 Allied Gold Correlation against competitors. To learn how to invest in Allied Stock, please use our How to Invest in Allied Gold guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.