Erdene Cash from 2010 to 2026
| ERD Stock | CAD 9.68 0.16 1.68% |
Cash | First Reported 2004-03-31 | Previous Quarter 5.9 M | Current Value 5.4 M | Quarterly Volatility 5.7 M |
Check Erdene Resource financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Erdene Resource's main balance sheet or income statement drivers, such as Interest Expense of 1.8 M, Total Revenue of 0.0 or Selling General Administrative of 6.1 M, as well as many indicators such as Price To Sales Ratio of 128, Dividend Yield of 0.0 or PTB Ratio of 15.03. Erdene financial statements analysis is a perfect complement when working with Erdene Resource Valuation or Volatility modules.
Erdene | Cash |
Latest Erdene Resource's Cash Growth Pattern
Below is the plot of the Cash of Erdene Resource Development over the last few years. Cash refers to the most liquid asset of Erdene Resource Deve, which is listed under current asset account on Erdene Resource Development balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Erdene Resource customers. The amounts must be unrestricted with restricted cash listed in a different Erdene Resource account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Erdene Resource's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Erdene Resource's overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
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Cash |
| Timeline |
Erdene Cash Regression Statistics
| Arithmetic Mean | 4,013,373 | |
| Geometric Mean | 2,323,442 | |
| Coefficient Of Variation | 85.76 | |
| Mean Deviation | 2,694,090 | |
| Median | 4,104,350 | |
| Standard Deviation | 3,441,950 | |
| Sample Variance | 11.8T | |
| Range | 12.7M | |
| R-Value | 0.64 | |
| Mean Square Error | 7.5T | |
| R-Squared | 0.40 | |
| Significance | 0.01 | |
| Slope | 433,333 | |
| Total Sum of Squares | 189.6T |
Erdene Cash History
About Erdene Resource Financial Statements
Erdene Resource investors utilize fundamental indicators, such as Cash, to predict how Erdene 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 Erdene Resource
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 Erdene Resource 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 Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
| 0.7 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.7 | ORE | Orezone Gold Corp | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
Moving against Erdene Stock
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource 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 Erdene Resource - 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 Erdene Resource Development to buy it.
The correlation of Erdene Resource 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 Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve 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 Erdene Resource 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 Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.