Entree Historical Financial Ratios
ETG Stock | CAD 2.51 0.10 3.83% |
Entree Resources is recently reporting on over 96 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 225 or Invested Capital of 148.3 K will help investors to properly organize and evaluate Entree Resources financial condition quickly.
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About Entree Financial Ratios Analysis
Entree ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Entree Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Entree financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Entree Resources history.
Entree Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Entree Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Entree Resources sales, a figure that is much harder to manipulate than other Entree Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Entree Resources. There are two different methods for calculating Entree Resources invested capital: operating approach and financing approach. Understanding Entree Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Entree Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Entree Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. 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. At this time, Entree Resources' Current Ratio is very stable compared to the past year. As of the 23rd of January 2025, Receivables Turnover is likely to grow to 1.67, while Price To Sales Ratio is likely to drop 188.17.
2024 | 2025 (projected) | Net Current Asset Value | 156.1K | 180.9K | Days Payables Outstanding | 0.77 | 0.73 |
Entree Resources fundamentals Correlations
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Entree Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Entree 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 Entree 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Entree Stock
Moving against Entree Stock
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The ability to find closely correlated positions to Entree 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 Entree 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 Entree 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 Entree Resources to buy it.
The correlation of Entree 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree 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 Entree 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.Other Information on Investing in Entree Stock
Entree ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Entree Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Entree financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Entree Resources history.