Great Western Mining Stock Shares Outstanding
| 8GW Stock | EUR 0 0.00 0.00% |
Great Western Mining fundamentals help investors to digest information that contributes to Great Western's financial success or failures. It also enables traders to predict the movement of Great Stock. The fundamental analysis module provides a way to measure Great Western's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Great Western stock.
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Great Western Mining Company Shares Outstanding Analysis
Great Western's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Great Western Shares Outstanding | 4.58 B |
Most of Great Western's fundamental indicators, such as Shares Outstanding, 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, Great Western Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Great Western Mining has 4.58 B of shares currently outstending. This is much higher than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The shares outstanding for all Ireland stocks is significantly lower than that of the firm.
Great Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Great Western's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Great Western could also be used in its relative valuation, which is a method of valuing Great Western by comparing valuation metrics of similar companies.Great Western is rated below average in shares outstanding category among its peers.
Great Fundamentals
| Return On Equity | -0.0622 | |||
| Return On Asset | -0.0364 | |||
| Current Valuation | 3.62 M | |||
| Shares Outstanding | 4.58 B | |||
| Shares Owned By Insiders | 14.03 % | |||
| Price To Book | 0.78 X | |||
| EBITDA | (536.18 K) | |||
| Net Income | (535.96 K) | |||
| Book Value Per Share | 0 X | |||
| Cash Flow From Operations | (810.87 K) | |||
| Beta | 0.74 | |||
| Market Capitalization | 4.58 M | |||
| Total Asset | 9.31 M | |||
| Net Asset | 9.31 M |
About Great Western Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Great Western Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Great Western using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Great Western Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Great Western
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 Great Western 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 Great Western will appreciate offsetting losses from the drop in the long position's value.Moving together with Great Stock
Moving against Great Stock
| 0.85 | UPR | Uniphar Group PLC | PairCorr |
| 0.68 | KRX | Kingspan Group plc | PairCorr |
| 0.42 | EG7 | FBD Holdings PLC | PairCorr |
The ability to find closely correlated positions to Great Western could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Western 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 Great Western - 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 Great Western Mining to buy it.
The correlation of Great Western 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 Great Western moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Western Mining 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 Great Western 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 Great Stock Analysis
When running Great Western's price analysis, check to measure Great Western'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 Great Western is operating at the current time. Most of Great Western's value examination focuses on studying past and present price action to predict the probability of Great Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Western's price. Additionally, you may evaluate how the addition of Great Western to your portfolios can decrease your overall portfolio volatility.