Globex Mining Enterprises Stock Minimum Initial Investment
| GMX Stock | CAD 1.12 0.02 1.75% |
Globex Mining Enterprises fundamentals help investors to digest information that contributes to Globex Mining's financial success or failures. It also enables traders to predict the movement of Globex Stock. The fundamental analysis module provides a way to measure Globex Mining'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 Globex Mining stock.
Globex | Minimum Initial Investment |
Globex Mining Enterprises Company Minimum Initial Investment Analysis
Globex Mining's Minimum Initial Investment refers to minimum amount the fund family or category will require an investor to deposit to acquire the very first position in the fund or to open an account. In other words, Minimum Initial Investment is a guarantee that any investment from a purchaser of a fund meets the minimum requirement of the fund.
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Minimum Initial Investment | = | First Fund Deposit |
Globex Minimum Initial Investment Driver Correlations
Understanding the fundamental principles of building solid financial models for Globex Mining is extremely important. It helps to project a fair market value of Globex Stock properly, considering its historical fundamentals such as Minimum Initial Investment. Since Globex Mining'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 Globex Mining'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 Globex Mining's interrelated accounts and indicators.
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Fund managers put minimum investment restrictions on fund investments in order to allow the fund to function properly. Minimum restrictions allow fund managers to regulate cash flows of the fund, while guarding it against random trades that may negatively affect fund strategy.
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Globex Cash And Short Term Investments
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Based on the recorded statements, Globex Mining Enterprises has a Minimum Initial Investment of 0.0. 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).
Globex Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Globex Mining from analyzing Globex Mining's financial statements. These drivers represent accounts that assess Globex Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Globex Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 19.1M | 37.7M | 60.7M | 38.3M | 51.5M | 54.1M | |
| Enterprise Value | 17.4M | 33.0M | 48.6M | 36.8M | 44.9M | 47.2M |
Globex Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0286 | |||
| Profit Margin | 1.03 % | |||
| Operating Margin | (2.92) % | |||
| Current Valuation | 35.51 M | |||
| Shares Outstanding | 56.07 M | |||
| Shares Owned By Insiders | 13.21 % | |||
| Number Of Shares Shorted | 37.84 K | |||
| Price To Earning | 43.57 X | |||
| Price To Book | 1.93 X | |||
| Price To Sales | 14.10 X | |||
| Revenue | 4.13 M | |||
| Gross Profit | 35.27 M | |||
| EBITDA | 1.39 M | |||
| Net Income | 1.37 M | |||
| Cash And Equivalents | 3.28 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 171.4 K | |||
| Debt To Equity | 1.10 % | |||
| Current Ratio | 12.63 X | |||
| Book Value Per Share | 0.58 X | |||
| Cash Flow From Operations | 2.27 M | |||
| Short Ratio | 0.06 X | |||
| Earnings Per Share | 0.08 X | |||
| Beta | 1.2 | |||
| Market Capitalization | 62.79 M | |||
| Total Asset | 32.42 M | |||
| Retained Earnings | (29.06 M) | |||
| Working Capital | 24.54 M | |||
| Net Asset | 32.42 M |
About Globex Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Globex Mining Enterprises's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Globex Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Globex Mining Enterprises 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 Globex Mining
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 Globex Mining 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 Globex Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Globex Stock
Moving against Globex Stock
| 0.79 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.67 | NG | NovaGold Resources | PairCorr |
| 0.56 | INFM | Infinico Metals Corp | PairCorr |
| 0.4 | ORE | Orezone Gold Corp | PairCorr |
The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining 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 Globex Mining - 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 Globex Mining Enterprises to buy it.
The correlation of Globex Mining 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 Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises 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 Globex Mining 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 Globex Stock
Globex Mining financial ratios help investors to determine whether Globex 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 Globex with respect to the benefits of owning Globex Mining security.