Polymeric Resources Stock Fundamentals
| PLYR Stock | USD 35.00 0.00 0.00% |
Polymeric Resources fundamentals help investors to digest information that contributes to Polymeric Resources' financial success or failures. It also enables traders to predict the movement of Polymeric Pink Sheet. The fundamental analysis module provides a way to measure Polymeric Resources' 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 Polymeric Resources pink sheet.
Polymeric |
Polymeric Resources Company Shares Outstanding Analysis
Polymeric Resources' 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 Polymeric Resources Shares Outstanding | 1.13 M |
Most of Polymeric Resources' 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, Polymeric Resources 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.
| Competition |
Based on the latest financial disclosure, Polymeric Resources has 1.13 M of shares currently outstending. This is 99.82% lower than that of the Basic Materials sector and 99.61% lower than that of the Chemicals industry. The shares outstanding for all United States stocks is 99.8% higher than that of the company.
Polymeric Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Polymeric Resources's current stock value. Our valuation model uses many indicators to compare Polymeric Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Polymeric Resources competition to find correlations between indicators driving Polymeric Resources's intrinsic value. More Info.Polymeric Resources is considered to be number one stock in shares outstanding category among its peers. It also is considered to be number one stock in number of employees category among its peers . The ratio of Shares Outstanding to Number Of Employees for Polymeric Resources is about 563,000 . 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 Polymeric Resources' earnings, one of the primary drivers of an investment's value.Polymeric Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Polymeric Resources' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Polymeric Resources could also be used in its relative valuation, which is a method of valuing Polymeric Resources by comparing valuation metrics of similar companies.Polymeric Resources is currently under evaluation in shares outstanding category among its peers.
Polymeric Fundamentals
| Shares Outstanding | 1.13 M | |||
| Beta | 1.15 | |||
| Market Capitalization | 72.06 M |
About Polymeric Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Polymeric Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Polymeric Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Polymeric Resources 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.Polymeric Resources Corporation, together with its subsidiaries, compounds, manufactures, and markets engineering thermoplastics. The company was incorporated in 1976 and is based in Wayne, New Jersey with locations in New Jersey, Kentucky, and Canada. Polymeric Resources operates under Chemicals classification in the United States and is traded on OTC Exchange.
Pair Trading with Polymeric Resources
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 Polymeric Resources 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 Polymeric Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Polymeric Pink Sheet
| 0.79 | SLMNP | A Schulman | PairCorr |
| 0.39 | AUR | Aurora Innovation Sell-off Trend | PairCorr |
| 0.31 | GNENF | Ganfeng Lithium | PairCorr |
The ability to find closely correlated positions to Polymeric Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Polymeric Resources 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 Polymeric Resources - 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 Polymeric Resources to buy it.
The correlation of Polymeric Resources 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 Polymeric Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polymeric Resources 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 Polymeric Resources 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 Polymeric Pink Sheet Analysis
When running Polymeric Resources' price analysis, check to measure Polymeric Resources' 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 Polymeric Resources is operating at the current time. Most of Polymeric Resources' value examination focuses on studying past and present price action to predict the probability of Polymeric Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polymeric Resources' price. Additionally, you may evaluate how the addition of Polymeric Resources to your portfolios can decrease your overall portfolio volatility.