Royal Canadian Mint Stock Return On Equity
| MNS Stock | CAD 23.88 0.51 2.09% |
Royal Canadian Mint fundamentals help investors to digest information that contributes to Royal Canadian's financial success or failures. It also enables traders to predict the movement of Royal Stock. The fundamental analysis module provides a way to measure Royal Canadian'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 Royal Canadian stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.14 | 0.13 |
Royal | Return On Equity |
Royal Canadian Mint Company Return On Equity Analysis
Royal Canadian's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Royal Canadian Return On Equity | 0.13 |
Most of Royal Canadian's fundamental indicators, such as Return On Equity, 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, Royal Canadian Mint is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Royal Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Royal Canadian is extremely important. It helps to project a fair market value of Royal Stock properly, considering its historical fundamentals such as Return On Equity. Since Royal Canadian'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 Royal Canadian'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 Royal Canadian's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Royal Shareholders Equity Per Share
Shareholders Equity Per Share |
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Royal Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Royal Canadian's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Royal Canadian could also be used in its relative valuation, which is a method of valuing Royal Canadian by comparing valuation metrics of similar companies.Royal Canadian is currently under evaluation in return on equity category among its peers.
Royal Fundamentals
| Current Valuation | (44.98 M) | ||||
| Market Capitalization | 58.62 K |
About Royal Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Royal Canadian Mint's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Royal Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Royal Canadian Mint 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 Royal Canadian
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 Royal Canadian 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 Royal Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Royal Stock
The ability to find closely correlated positions to Royal Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Canadian 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 Royal Canadian - 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 Royal Canadian Mint to buy it.
The correlation of Royal Canadian 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 Royal Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Canadian Mint 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 Royal Canadian 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 Royal Stock
Royal Canadian financial ratios help investors to determine whether Royal 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 Royal with respect to the benefits of owning Royal Canadian security.