Paiute Oil Mining Stock Fundamentals
| PIUTQ Stock | USD 0.0001 0.00 0.00% |
Paiute Oil Mining fundamentals help investors to digest information that contributes to Paiute Oil's financial success or failures. It also enables traders to predict the movement of Paiute OTC Stock. The fundamental analysis module provides a way to measure Paiute Oil'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 Paiute Oil otc stock.
Paiute |
Paiute Oil Mining OTC Stock Shares Outstanding Analysis
Paiute Oil's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Paiute Oil Shares Outstanding | 45.41 M |
Most of Paiute Oil's fundamental indicators, such as Shares Outstanding, 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, Paiute Oil Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Based on the latest financial disclosure, Paiute Oil Mining has 45.41 M of shares currently outstending. This is much higher than that of the sector and significantly higher than that of the Shares Outstanding industry. The shares outstanding for all United States stocks is notably lower than that of the firm.
Paiute Oil Mining Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Paiute Oil's current stock value. Our valuation model uses many indicators to compare Paiute Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Paiute Oil competition to find correlations between indicators driving Paiute Oil's intrinsic value. More Info.Paiute Oil Mining is rated below average in shares outstanding category among its peers. It is rated below average in market capitalization category among its peers . The ratio of Shares Outstanding to Market Capitalization for Paiute Oil Mining is about 1,009,133 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Paiute Oil's earnings, one of the primary drivers of an investment's value.Paiute Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Paiute Oil's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Paiute Oil could also be used in its relative valuation, which is a method of valuing Paiute Oil by comparing valuation metrics of similar companies.Paiute Oil is currently under evaluation in shares outstanding category among its peers.
Paiute Fundamentals
About Paiute Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Paiute Oil Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paiute Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paiute Oil Mining based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.Paiute Oil Mining Corp. provides services to mining, and oil and gas exploration companies in the United States. Paiute Oil is traded on OTC Exchange in the United States.
Pair Trading with Paiute Oil
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 Paiute Oil 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 Paiute Oil will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Paiute Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paiute Oil 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 Paiute Oil - 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 Paiute Oil Mining to buy it.
The correlation of Paiute Oil 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 Paiute Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paiute Oil Mining 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 Paiute Oil 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 Paiute OTC Stock Analysis
When running Paiute Oil's price analysis, check to measure Paiute Oil'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 Paiute Oil is operating at the current time. Most of Paiute Oil's value examination focuses on studying past and present price action to predict the probability of Paiute Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paiute Oil's price. Additionally, you may evaluate how the addition of Paiute Oil to your portfolios can decrease your overall portfolio volatility.