Gear Energy Stock Return On Asset
| GXE Stock | CAD 0.55 0.02 3.77% |
Gear Energy fundamentals help investors to digest information that contributes to Gear Energy's financial success or failures. It also enables traders to predict the movement of Gear Stock. The fundamental analysis module provides a way to measure Gear Energy'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 Gear Energy stock.
As of the 23rd of November 2024, Return On Assets is likely to grow to 0.03. Gear | Return On Asset |
Gear Energy Company Return On Asset Analysis
Gear Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Gear Energy Return On Asset | 0.0472 |
Most of Gear Energy's fundamental indicators, such as Return On Asset, 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, Gear Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gear Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Gear Energy is extremely important. It helps to project a fair market value of Gear Stock properly, considering its historical fundamentals such as Return On Asset. Since Gear Energy'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 Gear Energy'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 Gear Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Gear Total Assets
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Based on the latest financial disclosure, Gear Energy has a Return On Asset of 0.0472. This is 18.0% higher than that of the Oil, Gas & Consumable Fuels sector and 100.65% lower than that of the Energy industry. The return on asset for all Canada stocks is 133.71% lower than that of the firm.
Gear Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gear Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Gear Energy could also be used in its relative valuation, which is a method of valuing Gear Energy by comparing valuation metrics of similar companies.Gear Energy is currently under evaluation in return on asset category among its peers.
Gear Fundamentals
| Return On Equity | 0.0495 | ||||
| Return On Asset | 0.0472 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 160.34 M | ||||
| Shares Outstanding | 263.59 M | ||||
| Shares Owned By Insiders | 7.62 % | ||||
| Shares Owned By Institutions | 2.42 % | ||||
| Number Of Shares Shorted | 2.34 M | ||||
| Price To Earning | 48.33 X | ||||
| Price To Book | 0.57 X | ||||
| Price To Sales | 1.10 X | ||||
| Revenue | 148.71 M | ||||
| Gross Profit | 118.17 M | ||||
| EBITDA | 66.27 M | ||||
| Net Income | 8.59 M | ||||
| Cash And Equivalents | 693 K | ||||
| Cash Per Share | 0.36 X | ||||
| Total Debt | 21.16 M | ||||
| Debt To Equity | 1.08 % | ||||
| Current Ratio | 0.26 X | ||||
| Book Value Per Share | 0.93 X | ||||
| Cash Flow From Operations | 63.59 M | ||||
| Short Ratio | 5.73 X | ||||
| Earnings Per Share | 0.04 X | ||||
| Target Price | 0.83 | ||||
| Number Of Employees | 30 | ||||
| Beta | 3.5 | ||||
| Market Capitalization | 144.97 M | ||||
| Total Asset | 338.82 M | ||||
| Retained Earnings | (130.49 M) | ||||
| Working Capital | 756 K | ||||
| Current Asset | 20.59 M | ||||
| Current Liabilities | 64.39 M | ||||
| Annual Yield | 0.11 % | ||||
| Net Asset | 338.82 M | ||||
| Last Dividend Paid | 0.06 |
About Gear Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gear Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gear Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gear Energy 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 Gear Energy
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 Gear Energy 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 Gear Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Gear Stock
| 0.86 | FFH | Fairfax Financial | PairCorr |
| 0.81 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.79 | ENS | E Split Corp | PairCorr |
| 0.74 | ENS-PA | E Split Corp | PairCorr |
| 0.71 | FFH-PC | Fairfax Fin Hld | PairCorr |
The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy 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 Gear Energy - 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 Gear Energy to buy it.
The correlation of Gear Energy 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 Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear Energy 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 Gear Energy 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 Gear Stock
Gear Energy financial ratios help investors to determine whether Gear 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 Gear with respect to the benefits of owning Gear Energy security.