Western Copper Book Value Per Share vs. Current Valuation
| 31WN Stock | EUR 1.04 0.01 0.97% |
For Western Copper profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Western Copper to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Western Copper and utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Western Copper's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Western Copper and over time as well as its relative position and ranking within its peers.
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Western Copper Current Valuation vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Western Copper's current stock value. Our valuation model uses many indicators to compare Western Copper value to that of its competitors to determine the firm's financial worth. Western Copper and is number one stock in book value per share category among its peers. It also is the top company in current valuation category among its peers reporting about 322,139,745 of Current Valuation per Book Value Per Share. 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 Western Copper's earnings, one of the primary drivers of an investment's value.Western Current Valuation vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Western Copper |
| = | 0.73 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Western Copper |
| = | 235.16 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Western Current Valuation vs Competition
Western Copper and is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrial Metals & Minerals industry is presently estimated at about 322.63 Billion. Western Copper adds roughly 235.16 Million in current valuation claiming only tiny portion of equities under Industrial Metals & Minerals industry.
Western Copper Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Western Copper, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Western Copper will eventually generate negative long term returns. The profitability progress is the general direction of Western Copper's change in net profit over the period of time. It can combine multiple indicators of Western Copper, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. Western Copper and Gold Corporation was founded in 2006 and is headquartered in Vancouver, Canada. WESTERN COPPERGOLD operates under Industrial Metals Minerals classification in Germany and is traded on Frankfurt Stock Exchange.
Western Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Western Copper. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Western Copper position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Western Copper's important profitability drivers and their relationship over time.
Use Western Copper in pair-trading
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 Western Copper 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 Western Copper will appreciate offsetting losses from the drop in the long position's value.Western Copper Pair Trading
Western Copper and Pair Trading Analysis
The ability to find closely correlated positions to Western Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Copper 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 Western Copper - 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 Western Copper and to buy it.
The correlation of Western Copper 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 Western Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Copper 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 Western Copper 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.Use Investing Themes to Complement your Western Copper position
In addition to having Western Copper in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Sports Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Western Stock
When determining whether Western Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Copper And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Copper And Stock:Check out Trending Equities. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
To fully project Western Copper's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Western Copper at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Western Copper's income statement, its balance sheet, and the statement of cash flows.