Allied Current Ratio from 2010 to 2026
| AAUC Stock | 38.40 0.68 1.80% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 0.83 | Current Value 0.74 | Quarterly Volatility 0.13278951 |
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 Tax Provision of 137.9 M, Interest Income of 9.2 M or Depreciation And Amortization of 39.5 M, as well as many indicators such as Price To Sales Ratio of 1.24, Dividend Yield of 0.0 or PTB Ratio of 2.01. Allied financial statements analysis is a perfect complement when working with Allied Gold Valuation or Volatility modules.
Allied | Current Ratio |
Latest Allied Gold's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of Allied Gold over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Allied Gold's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allied Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.00 X | 10 Years Trend |
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Current Ratio |
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Allied Current Ratio Regression Statistics
| Arithmetic Mean | 0.73 | |
| Geometric Mean | 0.72 | |
| Coefficient Of Variation | 18.14 | |
| Mean Deviation | 0.09 | |
| Median | 0.68 | |
| Standard Deviation | 0.13 | |
| Sample Variance | 0.02 | |
| Range | 0.4958 | |
| R-Value | 0.52 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.27 | |
| Significance | 0.03 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.28 |
Allied Current Ratio History
About Allied Gold Financial Statements
Allied Gold investors utilize fundamental indicators, such as Current Ratio, 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.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.83 | 0.74 |
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
| 0.73 | AEM | Agnico Eagle Mines | PairCorr |
| 0.91 | ABX | Barrick Gold Corp | PairCorr |
| 0.93 | WPM | Wheaton Precious Metals | PairCorr |
| 0.87 | FNV | Franco Nevada | PairCorr |
| 0.92 | K | Kinross Gold Corp | PairCorr |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.