Prom Resources Stock Price To Book
| PRMODelisted Stock | USD 0.0001 0.00 0.00% |
Prom Resources fundamentals help investors to digest information that contributes to Prom Resources' financial success or failures. It also enables traders to predict the movement of Prom Pink Sheet. The fundamental analysis module provides a way to measure Prom 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 Prom Resources pink sheet.
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Prom Resources Company Price To Book Analysis
Prom Resources' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CompetitionBased on the latest financial disclosure, Prom Resources has a Price To Book of 0.0 times. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Industrial Metals & Mining (which currently averages 0.0) industry. The price to book for all United States stocks is 100.0% higher than that of the company.
Prom Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Prom Resources' direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Prom Resources could also be used in its relative valuation, which is a method of valuing Prom Resources by comparing valuation metrics of similar companies.Prom Resources is currently under evaluation in price to book category among its peers.
Prom Fundamentals
| Profit Margin | 0.49 % | ||||
| Operating Margin | 0.48 % | ||||
| Current Valuation | 23.04 M | ||||
| Shares Outstanding | 8.42 B | ||||
| Shares Owned By Insiders | 0.06 % | ||||
| Price To Earning | 0.20 X | ||||
| Price To Sales | 0.19 X | ||||
| Revenue | 6.17 M | ||||
| Gross Profit | 5.25 M | ||||
| EBITDA | 4.67 M | ||||
| Net Income | 2.31 M | ||||
| Cash And Equivalents | 569.17 K | ||||
| Total Debt | 7.59 M | ||||
| Debt To Equity | 0.51 % | ||||
| Current Ratio | 78.69 X | ||||
| Book Value Per Share | 0 X | ||||
| Cash Flow From Operations | 2.57 M | ||||
| Earnings Per Share | 0 X | ||||
| Number Of Employees | 15 | ||||
| Beta | -0.67 | ||||
| Market Capitalization | 841.82 K | ||||
| Total Asset | 18.33 M | ||||
| Retained Earnings | (64.03 M) | ||||
| Working Capital | 12.35 M | ||||
| Current Asset | 16.52 M | ||||
| Current Liabilities | 4.18 M | ||||
| Z Score | -4.2 | ||||
| Net Asset | 18.33 M |
About Prom Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Prom Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Prom Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Prom 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.
Pair Trading with Prom 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 Prom 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 Prom Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Prom 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 Prom 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 Prom 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 Prom Resources to buy it.
The correlation of Prom 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 Prom Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prom 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 Prom 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Prom Pink Sheet
If you are still planning to invest in Prom Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Prom Resources' history and understand the potential risks before investing.
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