Athabasca Financial Statements From 2010 to 2024
| ATH Stock | CAD 5.51 0.04 0.73% |
Check Athabasca Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Athabasca Oil's main balance sheet or income statement drivers, such as , as well as many indicators such as . Athabasca financial statements analysis is a perfect complement when working with Athabasca Oil Valuation or Volatility modules.
Athabasca |
Athabasca Oil Corp Company Current Valuation Analysis
Athabasca Oil'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 Athabasca Oil Current Valuation | 2.63 B |
Most of Athabasca Oil'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, Athabasca Oil Corp 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, Athabasca Oil Corp has a Current Valuation of 2.63 B. This is 93.25% lower than that of the Oil, Gas & Consumable Fuels sector and 71.36% lower than that of the Energy industry. The current valuation for all Canada stocks is 84.16% higher than that of the company.
Athabasca Oil Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Athabasca Oil's current stock value. Our valuation model uses many indicators to compare Athabasca Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Athabasca Oil competition to find correlations between indicators driving Athabasca Oil's intrinsic value. More Info.Athabasca Oil Corp is rated second in return on equity category among its peers. It is number one stock in return on asset category among its peers reporting about 0.78 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Athabasca Oil Corp is roughly 1.29 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Athabasca Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Athabasca Oil'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 Athabasca Oil Financial Statements
Athabasca Oil investors utilize fundamental indicators, such as revenue or net income, to predict how Athabasca 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.
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. Athabasca Oil Corporation was incorporated in 2006 and is headquartered in Calgary, Canada. ATHABASCA OIL operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 146 people.
Pair Trading with Athabasca Oil
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 Athabasca Oil 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Athabasca Stock
The ability to find closely correlated positions to Athabasca Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athabasca Oil 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 Athabasca Oil - 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 Athabasca Oil Corp to buy it.
The correlation of Athabasca Oil 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 Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca Oil Corp 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 Athabasca Oil 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 Athabasca Stock
Athabasca Oil financial ratios help investors to determine whether Athabasca 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 Athabasca with respect to the benefits of owning Athabasca Oil security.