Faraday Copper Corp Stock Cash Position Weight
| FDY Stock | CAD 0.87 0.03 3.33% |
Faraday Copper Corp fundamentals help investors to digest information that contributes to Faraday Copper's financial success or failures. It also enables traders to predict the movement of Faraday Stock. The fundamental analysis module provides a way to measure Faraday Copper'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 Faraday Copper stock.
Faraday | Cash Position Weight |
Faraday Copper Corp Company Cash Position Weight Analysis
Faraday Copper's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Faraday Cash Position Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for Faraday Copper is extremely important. It helps to project a fair market value of Faraday Stock properly, considering its historical fundamentals such as Cash Position Weight. Since Faraday Copper's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Faraday Copper's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Faraday Copper's interrelated accounts and indicators.
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Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
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In accordance with the recently published financial statements, Faraday Copper Corp has 0.0% in Cash Position Weight. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
Faraday Copper Current Valuation Drivers
We derive many important indicators used in calculating different scores of Faraday Copper from analyzing Faraday Copper's financial statements. These drivers represent accounts that assess Faraday Copper's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Faraday Copper's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.9M | 13.0M | 65.1M | 61.5M | 55.4M | 58.2M | |
| Enterprise Value | 10.9M | 13.3M | 60.9M | 52.0M | 46.8M | 49.1M |
Fund Asset Allocation for Faraday Copper
The fund invests 99.52% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Faraday Copper's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Faraday Fundamentals
| Return On Equity | -0.5 | ||||
| Return On Asset | -0.32 | ||||
| Current Valuation | 156.55 M | ||||
| Shares Outstanding | 205.34 M | ||||
| Shares Owned By Insiders | 13.72 % | ||||
| Shares Owned By Institutions | 14.01 % | ||||
| Number Of Shares Shorted | 24.22 K | ||||
| Price To Earning | 16.18 X | ||||
| Price To Book | 4.23 X | ||||
| EBITDA | (21.46 M) | ||||
| Net Income | (20.5 M) | ||||
| Total Debt | 2.49 M | ||||
| Book Value Per Share | 0.21 X | ||||
| Cash Flow From Operations | (18.99 M) | ||||
| Short Ratio | 0.19 X | ||||
| Earnings Per Share | (0.11) X | ||||
| Target Price | 1.42 | ||||
| Number Of Employees | 14 | ||||
| Beta | 1.66 | ||||
| Market Capitalization | 188.91 M | ||||
| Total Asset | 36.59 M | ||||
| Retained Earnings | (77.46 M) | ||||
| Working Capital | 12.79 M | ||||
| One Year Return | 10.82 % | ||||
| Three Year Return | (0.31) % | ||||
| Net Asset | 36.59 M | ||||
| Equity Positions Weight | 99.52 % |
About Faraday Copper Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Faraday Copper Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Faraday Copper using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Faraday Copper Corp 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 Faraday Copper
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 Faraday Copper 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 Faraday Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Faraday Stock
Moving against Faraday Stock
The ability to find closely correlated positions to Faraday Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Faraday Copper 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 Faraday Copper - 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 Faraday Copper Corp to buy it.
The correlation of Faraday Copper 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 Faraday Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Faraday Copper 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 Faraday Copper 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 Faraday Stock
Faraday Copper financial ratios help investors to determine whether Faraday 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 Faraday with respect to the benefits of owning Faraday Copper security.