Athabasca Oil Net Income vs. Current Valuation
| ATHOF Stock | USD 3.59 0.07 1.99% |
For Athabasca Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Athabasca Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Athabasca Oil Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Athabasca Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Athabasca Oil Corp over time as well as its relative position and ranking within its peers.
Athabasca |
Athabasca Oil Corp Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Athabasca Oil's current stock value. Our valuation model uses many indicators to compare Athabasca Oil value to that of its competitors to determine the firm's financial worth. Athabasca Oil Corp is number one stock in net income category among its peers. It also is the top company in current valuation category among its peers reporting about 2.14 of Current Valuation per Net Income. 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 Athabasca Oil's earnings, one of the primary drivers of an investment's value.Athabasca Current Valuation vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Athabasca Oil |
| = | 457.61 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Athabasca Oil |
| = | 979.95 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Athabasca Current Valuation vs Competition
Athabasca Oil Corp is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is presently estimated at about 45.6 Trillion. Athabasca Oil adds roughly 979.95 Million in current valuation claiming only tiny portion of equities under Energy industry.
Athabasca Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Athabasca Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Athabasca Oil will eventually generate negative long term returns. The profitability progress is the general direction of Athabasca Oil's change in net profit over the period of time. It can combine multiple indicators of Athabasca Oil, 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.
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. Athabasca Oil Corporation was incorporated in 2006 and is headquartered in Calgary, Canada. Athabasca Oil operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 146 people.
Athabasca Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Athabasca Oil. 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 Athabasca Oil 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 Athabasca Oil's important profitability drivers and their relationship over time.
Use Athabasca Oil 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 Athabasca Oil 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.Athabasca Oil Pair Trading
Athabasca Oil Corp Pair Trading Analysis
The ability to find closely correlated positions to Athabasca Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athabasca Oil 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 Athabasca Oil - 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 Athabasca Oil Corp to buy it.
The correlation of Athabasca Oil 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 Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca Oil 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 Athabasca Oil 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 Athabasca Oil position
In addition to having Athabasca Oil 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 Defense Thematic Idea Now
Defense
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Defense theme has 16 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 Defense Theme or any other thematic opportunities.
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Other Information on Investing in Athabasca Pink Sheet
To fully project Athabasca Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Athabasca Oil Corp 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 Athabasca Oil's income statement, its balance sheet, and the statement of cash flows.