Trilogy Metals Stock Net Asset
| TMQ Stock | CAD 1.60 0.10 5.88% |
Trilogy Metals fundamentals help investors to digest information that contributes to Trilogy Metals' financial success or failures. It also enables traders to predict the movement of Trilogy Stock. The fundamental analysis module provides a way to measure Trilogy Metals' 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 Trilogy Metals stock.
Trilogy | Net Asset |
Trilogy Metals Company Net Asset Analysis
Trilogy Metals' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Trilogy Metals Net Asset | 138.02 M |
Most of Trilogy Metals' fundamental indicators, such as Net Asset, 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, Trilogy Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Trilogy Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Trilogy Metals is extremely important. It helps to project a fair market value of Trilogy Stock properly, considering its historical fundamentals such as Net Asset. Since Trilogy Metals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Trilogy Metals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Trilogy Metals' interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Trilogy Total Assets
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Based on the recorded statements, Trilogy Metals has a Net Asset of 138.02 M. This is much higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net asset for all Canada stocks is notably lower than that of the firm.
Trilogy Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Trilogy Metals' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Trilogy Metals could also be used in its relative valuation, which is a method of valuing Trilogy Metals by comparing valuation metrics of similar companies.Trilogy Metals is currently under evaluation in net asset category among its peers.
Trilogy Metals Current Valuation Drivers
We derive many important indicators used in calculating different scores of Trilogy Metals from analyzing Trilogy Metals' financial statements. These drivers represent accounts that assess Trilogy Metals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Trilogy Metals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 273.0M | 245.5M | 85.7M | 65.2M | 58.7M | 55.7M | |
| Enterprise Value | 262.5M | 239.6M | 83.3M | 62.6M | 56.4M | 112.6M |
Trilogy Fundamentals
| Return On Equity | -0.0729 | ||||
| Return On Asset | -0.0286 | ||||
| Current Valuation | 237.66 M | ||||
| Shares Outstanding | 160.9 M | ||||
| Shares Owned By Insiders | 17.82 % | ||||
| Shares Owned By Institutions | 46.41 % | ||||
| Number Of Shares Shorted | 26.5 K | ||||
| Price To Book | 1.46 X | ||||
| Gross Profit | (2.61 M) | ||||
| EBITDA | (7.08 M) | ||||
| Net Income | (14.95 M) | ||||
| Cash And Equivalents | 2.57 M | ||||
| Cash Per Share | 0.20 X | ||||
| Total Debt | 33 K | ||||
| Current Ratio | 0.85 X | ||||
| Book Value Per Share | 0.83 X | ||||
| Cash Flow From Operations | (3.09 M) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (0.08) X | ||||
| Target Price | 1.09 | ||||
| Beta | 1.36 | ||||
| Market Capitalization | 257.44 M | ||||
| Total Asset | 138.02 M | ||||
| Retained Earnings | (81.81 M) | ||||
| Working Capital | 2.42 M | ||||
| Net Asset | 138.02 M |
About Trilogy Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Trilogy Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trilogy Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trilogy Metals 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 Trilogy Metals
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 Trilogy Metals 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 Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Trilogy Stock
The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals 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 Trilogy Metals - 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 Trilogy Metals to buy it.
The correlation of Trilogy Metals 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 Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals 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 Trilogy Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.