ADRIATIC METALS Total Debt vs. Z Score
| 3FNA Stock | EUR 2.46 0.04 1.65% |
For ADRIATIC METALS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ADRIATIC METALS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ADRIATIC METALS LS 013355 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ADRIATIC METALS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ADRIATIC METALS LS 013355 over time as well as its relative position and ranking within its peers.
ADRIATIC |
ADRIATIC METALS LS Z Score vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ADRIATIC METALS's current stock value. Our valuation model uses many indicators to compare ADRIATIC METALS value to that of its competitors to determine the firm's financial worth. ADRIATIC METALS LS 013355 is the top company in total debt category among its peers. It also is number one stock in z score category among its peers . The ratio of Total Debt to Z Score for ADRIATIC METALS LS 013355 is about 423,551 . 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 ADRIATIC METALS's earnings, one of the primary drivers of an investment's value.ADRIATIC Total Debt vs. Competition
ADRIATIC METALS LS 013355 is the top company in total debt category among its peers. Total debt of Other Industrial Metals & Mining industry is presently estimated at about 116 Billion. ADRIATIC METALS adds roughly 11.69 Million in total debt claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
ADRIATIC Z Score vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
ADRIATIC METALS |
| = | 11.69 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
ADRIATIC METALS |
| = | 27.6 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
ADRIATIC Z Score Comparison
ADRIATIC METALS is currently under evaluation in z score category among its peers.
ADRIATIC METALS Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ADRIATIC METALS, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ADRIATIC METALS will eventually generate negative long term returns. The profitability progress is the general direction of ADRIATIC METALS's change in net profit over the period of time. It can combine multiple indicators of ADRIATIC METALS, 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.
Adriatic Metals PLC, through its subsidiaries, engages in the mineral exploration and development business in Bosnia and Herzegovina. The company was incorporated in 2017 and is based in Cheltenham, the United Kingdom. ADRIATIC METALS operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange. It employs 73 people.
ADRIATIC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ADRIATIC METALS. 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 ADRIATIC METALS 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 ADRIATIC METALS's important profitability drivers and their relationship over time.
Use ADRIATIC METALS 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 ADRIATIC 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 ADRIATIC METALS will appreciate offsetting losses from the drop in the long position's value.ADRIATIC METALS Pair Trading
ADRIATIC METALS LS 013355 Pair Trading Analysis
The ability to find closely correlated positions to ADRIATIC 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 ADRIATIC 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 ADRIATIC 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 ADRIATIC METALS LS 013355 to buy it.
The correlation of ADRIATIC 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 ADRIATIC METALS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADRIATIC METALS LS 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 ADRIATIC 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.Use Investing Themes to Complement your ADRIATIC METALS position
In addition to having ADRIATIC METALS 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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Other Information on Investing in ADRIATIC Stock
To fully project ADRIATIC METALS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ADRIATIC METALS LS 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 ADRIATIC METALS's income statement, its balance sheet, and the statement of cash flows.