Radium Resources Corp Stock Net Income
| RADRDelisted Stock | USD 0.0001 0.00 0.00% |
Fundamental analysis of Radium Resources allows traders to better anticipate movements in Radium Resources' stock price by examining its financial health and performance throughout various phases of its business cycle.
Radium |
Radium Resources Corp Company Net Income Analysis
Radium Resources' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, Radium Resources Corp reported net income of 0.0. 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 net income for all United States stocks is 100.0% higher than that of the company.
Radium Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Radium Resources' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Radium Resources could also be used in its relative valuation, which is a method of valuing Radium Resources by comparing valuation metrics of similar companies.Radium Resources is currently under evaluation in net income category among its peers.
Radium Fundamentals
| Current Valuation | 107.74 K | |||
| Shares Outstanding | 65.38 M | |||
| Beta | 354.4 | |||
| Market Capitalization | 6.53 K |
About Radium Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Radium Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Radium Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Radium Resources Corp 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 Radium 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 Radium 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 Radium Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Radium 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 Radium 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 Radium 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 Radium Resources Corp to buy it.
The correlation of Radium 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 Radium Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radium Resources Corp 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 Radium 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 small area income & poverty estimates. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Radium Pink Sheet
If you are still planning to invest in Radium Resources Corp 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 Radium Resources' history and understand the potential risks before investing.
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