Royal Canadian Mint Stock Current Valuation
| MNT-U Stock | USD 27.09 0.00 0.00% |
Valuation analysis of ROYAL CANADIAN MINT helps investors to measure ROYAL CANADIAN's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
ROYAL CANADIAN MINT Company Current Valuation Analysis
ROYAL CANADIAN's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
In accordance with the recently published financial statements, ROYAL CANADIAN MINT has a Current Valuation of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Current Valuation (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
ROYAL Current Valuation 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 Current Valuation 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 current valuation category among its peers.
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
Moving against ROYAL Stock
| 0.84 | TGO | TeraGo Inc | PairCorr |
| 0.53 | RHC | Royal Helium | PairCorr |
| 0.48 | GPV | GreenPower Motor | PairCorr |
| 0.36 | VGZ | Vista Gold | PairCorr |
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.Additional Tools for ROYAL Stock Analysis
When running ROYAL CANADIAN's price analysis, check to measure ROYAL CANADIAN'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 ROYAL CANADIAN is operating at the current time. Most of ROYAL CANADIAN's value examination focuses on studying past and present price action to predict the probability of ROYAL CANADIAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ROYAL CANADIAN's price. Additionally, you may evaluate how the addition of ROYAL CANADIAN to your portfolios can decrease your overall portfolio volatility.