Tap Financial Statements From 2010 to 2025
| TAPP Stock | USD 0.03 0.13 79.37% |
Check Tap Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tap Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Tap financial statements analysis is a perfect complement when working with Tap Resources Valuation or Volatility modules.
Tap |
Tap Resources Company Current Valuation Analysis
Tap Resources' 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 Tap Resources Current Valuation | 18.1 M |
Most of Tap Resources' 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, Tap Resources 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, Tap Resources has a Current Valuation of 18.1 M. This is 99.94% lower than that of the sector and 99.95% lower than that of the Current Valuation industry. The current valuation for all United States stocks is 99.89% higher than that of the company.
Tap Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tap Resources's current stock value. Our valuation model uses many indicators to compare Tap Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tap Resources competition to find correlations between indicators driving Tap Resources's intrinsic value. More Info.Tap Resources is rated second in current valuation category among its peers. It is rated below average in shares outstanding category among its peers creating about 1.03 of Shares Outstanding per Current Valuation. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tap Resources' earnings, one of the primary drivers of an investment's value.About Tap Resources Financial Statements
Tap Resources shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Tap Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Tap Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Tap Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Tap Resources, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. Its mining exploration project is the Marowijine project located in the Republic of Suriname. Tap Resources is traded on OTC Exchange in the United States.
Pair Trading with Tap Resources
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 Tap Resources 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 Tap Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Tap Pink Sheet
Moving against Tap Pink Sheet
| 0.89 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.87 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.86 | AKAM | Akamai Technologies | PairCorr |
| 0.8 | AAPL | Apple Inc | PairCorr |
| 0.78 | BMYMP | Bristol Myers Squibb | PairCorr |
The ability to find closely correlated positions to Tap Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tap Resources 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 Tap Resources - 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 Tap Resources to buy it.
The correlation of Tap Resources 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 Tap Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tap Resources 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 Tap Resources 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.Additional Tools for Tap Pink Sheet Analysis
When running Tap Resources' price analysis, check to measure Tap Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tap Resources is operating at the current time. Most of Tap Resources' value examination focuses on studying past and present price action to predict the probability of Tap Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tap Resources' price. Additionally, you may evaluate how the addition of Tap Resources to your portfolios can decrease your overall portfolio volatility.