Argo Gold Shares Outstanding vs. Total Asset
| ARBTF Stock | USD 0.06 0 4.18% |
For Argo Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Argo Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Argo Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Argo Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Argo Gold over time as well as its relative position and ranking within its peers.
Argo |
Argo Gold Total Asset vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Argo Gold's current stock value. Our valuation model uses many indicators to compare Argo Gold value to that of its competitors to determine the firm's financial worth. Argo Gold is rated third in shares outstanding category among its peers. It also is rated third in total asset category among its peers fabricating about 0.03 of Total Asset per Shares Outstanding. The ratio of Shares Outstanding to Total Asset for Argo Gold is roughly 30.83 . 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 Argo Gold's earnings, one of the primary drivers of an investment's value.Argo Total Asset vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Argo Gold |
| = | 65.99 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Argo Gold |
| = | 2.14 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Argo Total Asset Comparison
Argo Gold is currently under evaluation in total asset category among its peers.
Argo Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Argo Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Argo Gold will eventually generate negative long term returns. The profitability progress is the general direction of Argo Gold's change in net profit over the period of time. It can combine multiple indicators of Argo Gold, 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.
Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada. Argo Gold is traded on OTC Exchange in the United States.
Argo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Argo Gold. 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 Argo Gold 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 Argo Gold's important profitability drivers and their relationship over time.
Use Argo Gold 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 Argo Gold 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 Argo Gold will appreciate offsetting losses from the drop in the long position's value.Argo Gold Pair Trading
Argo Gold Pair Trading Analysis
The ability to find closely correlated positions to Argo Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argo Gold 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 Argo Gold - 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 Argo Gold to buy it.
The correlation of Argo Gold 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 Argo Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argo Gold 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 Argo Gold 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 Argo Gold position
In addition to having Argo Gold 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?
Run Insurance Providers Thematic Idea Now
Insurance Providers
Companies providing all types of insurance and insurance services. The Insurance Providers theme has 41 constituents at this time.
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 Insurance Providers Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Argo Pink Sheet
To fully project Argo Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Argo Gold 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 Argo Gold's income statement, its balance sheet, and the statement of cash flows.