We strongly advise to harness Independence Gold fundamental analysis to find out if markets are presently mispricing the company. Simply put you can make use of it to find out if Independence Gold Corp is indeed mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to interpolate twenty-seven available reported financial drivers for Independence Gold Corp, which can be compared to its competitors. The stock experiences a very speculative upward sentiment. Check odds of Independence Gold to be traded at C$0.275 in 90 days. Key indicators impacting Independence Gold's financial strength include:
Understanding current and past Independence Gold Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Independence Gold's financial statements are interrelated, with each one affecting the others. For example, an increase in Independence Gold's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Independence Gold's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Independence Gold Corp. Check Independence Gold's Beneish M Score to see the likelihood of Independence Gold's management manipulating its earnings.
Independence Gold Stock Summary
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. INDEPENDENCE GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange.
You should never invest in Independence Gold without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Independence Stock, because this is throwing your money away. Analyzing the key information contained in Independence Gold's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Independence Gold Key Financial Ratios
There are many critical financial ratios that Independence Gold's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Independence Gold Corp reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining Independence Gold's current stock value. Our valuation model uses many indicators to compare Independence Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Independence Gold competition to find correlations between indicators driving Independence Gold's intrinsic value. More Info.
Independence Gold Corp is rated fifth overall in return on equity category among its peers. It also is rated fifth overall in return on asset category among its peers . At this time, Independence Gold's Return On Equity is fairly stable compared to the past year. 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 Independence Gold's earnings, one of the primary drivers of an investment's value.
Independence Gold Corp Systematic Risk
Independence Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Independence Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Independence Gold Corp correlated with the market. If Beta is less than 0 Independence Gold generally moves in the opposite direction as compared to the market. If Independence Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Independence Gold Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Independence Gold is generally in the same direction as the market. If Beta > 1 Independence Gold moves generally in the same direction as, but more than the movement of the benchmark.
Independence Gold Corp Total Assets Over Time
Today, most investors in Independence Gold Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Independence Gold's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Independence Gold growth as a starting point in their analysis.
Independence Gold November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Independence Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Independence Gold Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Independence Gold Corp based on widely used predictive technical indicators. In general, we focus on analyzing Independence Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Independence Gold's daily price indicators and compare them against related drivers.
When running Independence Gold's price analysis, check to measure Independence Gold's 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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.