Adex Mining Beta vs. Total Debt
| ADXDF Stock | USD 0.01 0 41.43% |
For Adex Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Adex Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Adex Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Adex Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Adex Mining over time as well as its relative position and ranking within its peers.
Adex |
Adex Mining Total Debt vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Adex Mining's current stock value. Our valuation model uses many indicators to compare Adex Mining value to that of its competitors to determine the firm's financial worth. Adex Mining is number one stock in beta category among its peers. It also is the top company in total debt category among its peers making up about 2,319,778 of Total Debt per Beta. 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 Adex Mining's earnings, one of the primary drivers of an investment's value.Adex Total Debt vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Adex Mining |
| = | 1.64 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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.
Adex Mining |
| = | 3.8 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.
Adex Total Debt vs Competition
Adex Mining is the top company in total debt category among its peers. Total debt of Materials industry is presently estimated at about 3.88 Billion. Adex Mining adds roughly 3.8 Million in total debt claiming only tiny portion of all equities under Materials industry.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Adex Mining will likely underperform.
Adex Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Adex Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Adex Mining will eventually generate negative long term returns. The profitability progress is the general direction of Adex Mining's change in net profit over the period of time. It can combine multiple indicators of Adex Mining, 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.
Adex Mining Inc. engages in the exploration and development of mineral properties in Canada. Adex Mining Inc. is a subsidiary of Great Harvest Canadian Investment Company Limited. Adex Mining operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Adex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Adex Mining. 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 Adex Mining 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 Adex Mining's important profitability drivers and their relationship over time.
Use Adex Mining 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 Adex Mining 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 Adex Mining will appreciate offsetting losses from the drop in the long position's value.Adex Mining Pair Trading
Adex Mining Pair Trading Analysis
The ability to find closely correlated positions to Adex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adex Mining 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 Adex Mining - 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 Adex Mining to buy it.
The correlation of Adex Mining 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 Adex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adex Mining 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 Adex Mining 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 Adex Mining position
In addition to having Adex Mining 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 Adex Pink Sheet
To fully project Adex Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Adex Mining 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 Adex Mining's income statement, its balance sheet, and the statement of cash flows.