Apex Mining Z Score vs. Earnings Per Share
| APX Stock | 3.59 0.01 0.28% |
For Apex Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Apex Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Apex Mining Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Apex Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Apex Mining Co over time as well as its relative position and ranking within its peers.
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Apex Mining Earnings Per Share vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Apex Mining's current stock value. Our valuation model uses many indicators to compare Apex Mining value to that of its competitors to determine the firm's financial worth. Apex Mining Co is number one stock in z score category among its peers. It also is number one stock in earnings per share category among its peers creating about 0.04 of Earnings Per Share per Z Score. The ratio of Z Score to Earnings Per Share for Apex Mining Co is roughly 25.21 . 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 Apex Mining's earnings, one of the primary drivers of an investment's value.Apex Earnings Per Share vs. Z Score
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..
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| = | 2.4 |
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.
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
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| = | 0.1 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Apex Earnings Per Share Comparison
Apex Mining is currently under evaluation in earnings per share category among its peers.
Apex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Apex 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 Apex 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 Apex Mining's important profitability drivers and their relationship over time.
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Use Apex 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 Apex 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 Apex Mining will appreciate offsetting losses from the drop in the long position's value.Apex Mining Pair Trading
Apex Mining Co Pair Trading Analysis
The ability to find closely correlated positions to Apex 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 Apex 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 Apex 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 Apex Mining Co to buy it.
The correlation of Apex 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 Apex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apex 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 Apex 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 Apex Mining position
In addition to having Apex 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 Apex Stock
To fully project Apex Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Apex 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 Apex Mining's income statement, its balance sheet, and the statement of cash flows.