Adyton Resources Beta vs. Price To Sales
| ADY Stock | CAD 0.17 0.01 5.56% |
For Adyton Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Adyton Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Adyton Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Adyton Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Adyton Resources Corp over time as well as its relative position and ranking within its peers.
Adyton |
Adyton Resources Corp Price To Sales vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Adyton Resources's current stock value. Our valuation model uses many indicators to compare Adyton Resources value to that of its competitors to determine the firm's financial worth. Adyton Resources Corp is number one stock in beta category among its peers. It also is number one stock in price to sales category among its peers fabricating about 1.28 of Price To Sales 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 Adyton Resources' earnings, one of the primary drivers of an investment's value.Adyton Price To Sales 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.
Adyton Resources |
| = | 1.06 |
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.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Adyton Resources |
| = | 1.35 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Adyton Price To Sales Comparison
Adyton Resources is currently under evaluation in price to sales category among its peers.
Beta Analysis
Adyton Resources returns are very sensitive to returns on the market. As the market goes up or down, Adyton Resources is expected to follow.
Adyton Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Adyton Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Adyton Resources will eventually generate negative long term returns. The profitability progress is the general direction of Adyton Resources' change in net profit over the period of time. It can combine multiple indicators of Adyton Resources, 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.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 965.1 K | 1 M | |
| Operating Income | -452.4 K | -475 K | |
| Net Loss | -643.3 K | -675.4 K | |
| Income Before Tax | -643.3 K | -675.4 K | |
| Net Loss | -643.3 K | -675.4 K | |
| Net Interest Income | -3.8 K | -3.6 K | |
| Total Other Income Expense Net | -187.1 K | -177.8 K | |
| Change To Netincome | -4.5 M | -4.3 M |
Adyton Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Adyton Resources. 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 Adyton Resources 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 Adyton Resources' important profitability drivers and their relationship over time.
Use Adyton Resources 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 Adyton 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 Adyton Resources will appreciate offsetting losses from the drop in the long position's value.Adyton Resources Pair Trading
Adyton Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Adyton 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 Adyton 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 Adyton 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 Adyton Resources Corp to buy it.
The correlation of Adyton 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 Adyton Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adyton Resources Corp 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 Adyton 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.Use Investing Themes to Complement your Adyton Resources position
In addition to having Adyton Resources 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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Additional Tools for Adyton Stock Analysis
When running Adyton Resources' price analysis, check to measure Adyton Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adyton Resources is operating at the current time. Most of Adyton Resources' value examination focuses on studying past and present price action to predict the probability of Adyton Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adyton Resources' price. Additionally, you may evaluate how the addition of Adyton Resources to your portfolios can decrease your overall portfolio volatility.