We advise to exercise Spruce Ridge fundamental analysis to find out if markets are presently mispricing the firm. In other words this technique allows you to confirm available indicators of Spruce Ridge Resources as well as the relationship between them. We were able to interpolate twenty-eight available drivers for Spruce Ridge Resources, which can be compared to its competition. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Spruce Ridge to be traded at C$0.0297 in 90 days. Key indicators impacting Spruce Ridge's financial strength include:
Understanding current and past Spruce Ridge Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Spruce Ridge's financial statements are interrelated, with each one affecting the others. For example, an increase in Spruce Ridge's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Spruce Ridge's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Spruce Ridge Resources. Check Spruce Ridge's Beneish M Score to see the likelihood of Spruce Ridge's management manipulating its earnings.
Spruce Ridge Stock Summary
Spruce Ridge competes with CVS HEALTH, Jamieson Wellness, Reliq Health, T2 Metals, and Cogeco Communications. Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 1989 and is headquartered in Puslinch, Canada. SPRUCE RIDGE is traded on Commodity Exchange in Exotistan.
You should never invest in Spruce Ridge without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Spruce Stock, because this is throwing your money away. Analyzing the key information contained in Spruce Ridge's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Spruce Ridge Key Financial Ratios
There are many critical financial ratios that Spruce Ridge's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Spruce Ridge Resources reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining Spruce Ridge's current stock value. Our valuation model uses many indicators to compare Spruce Ridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spruce Ridge competition to find correlations between indicators driving Spruce Ridge's intrinsic value. More Info.
Spruce Ridge Resources is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . At this time, Spruce Ridge'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 Spruce Ridge's earnings, one of the primary drivers of an investment's value.
Spruce Ridge Resources Systematic Risk
Spruce Ridge's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Spruce Ridge 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.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Spruce Ridge Resources correlated with the market. If Beta is less than 0 Spruce Ridge generally moves in the opposite direction as compared to the market. If Spruce Ridge Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Spruce Ridge Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Spruce Ridge is generally in the same direction as the market. If Beta > 1 Spruce Ridge moves generally in the same direction as, but more than the movement of the benchmark.
Spruce Ridge Resources Total Assets Over Time
Today, most investors in Spruce Ridge Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Spruce Ridge'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 Spruce Ridge growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Spruce Ridge help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Spruce Ridge Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Spruce Ridge Resources based on widely used predictive technical indicators. In general, we focus on analyzing Spruce Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Spruce Ridge's daily price indicators and compare them against related drivers.
When running Spruce Ridge's price analysis, check to measure Spruce Ridge'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 Spruce Ridge is operating at the current time. Most of Spruce Ridge's value examination focuses on studying past and present price action to predict the probability of Spruce Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Ridge's price. Additionally, you may evaluate how the addition of Spruce Ridge to your portfolios can decrease your overall portfolio volatility.