Bravada Gold Cash And Equivalents vs. Price To Earning
| BGAVF Stock | USD 0.01 0 25.83% |
For Bravada Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bravada Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bravada Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bravada Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bravada Gold over time as well as its relative position and ranking within its peers.
Bravada |
Bravada Gold Price To Earning vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bravada Gold's current stock value. Our valuation model uses many indicators to compare Bravada Gold value to that of its competitors to determine the firm's financial worth. Bravada Gold is rated second in cash and equivalents category among its peers. It is rated third in price to earning category among its peers . 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 Bravada Gold's earnings, one of the primary drivers of an investment's value.Bravada Price To Earning vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Bravada Gold |
| = | 1.6 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Bravada Gold |
| = | (2.06) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Bravada Price To Earning Comparison
Bravada Gold is currently under evaluation in price to earning category among its peers.
Bravada Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bravada Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bravada Gold will eventually generate negative long term returns. The profitability progress is the general direction of Bravada Gold's change in net profit over the period of time. It can combine multiple indicators of Bravada 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.
Bravada Gold Corporation engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. Bravada Gold Corporation was incorporated in 2009 and is based in Vancouver, Canada. BRAVADA GOLD operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Bravada Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bravada 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 Bravada 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 Bravada Gold's important profitability drivers and their relationship over time.
Use Bravada 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 Bravada 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 Bravada Gold will appreciate offsetting losses from the drop in the long position's value.Bravada Gold Pair Trading
Bravada Gold Pair Trading Analysis
The ability to find closely correlated positions to Bravada 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 Bravada 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 Bravada 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 Bravada Gold to buy it.
The correlation of Bravada 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 Bravada Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bravada 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 Bravada 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 Bravada Gold position
In addition to having Bravada 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?
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Other Information on Investing in Bravada OTC Stock
To fully project Bravada Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bravada 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 Bravada Gold's income statement, its balance sheet, and the statement of cash flows.