Black Tusk Beta vs. Current Ratio
| BTKRFDelisted Stock | USD 0.07 0.00 0.00% |
For Black Tusk profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Black Tusk to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Black Tusk Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Black Tusk's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Black Tusk Resources over time as well as its relative position and ranking within its peers.
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Black Tusk Resources Current Ratio vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Black Tusk's current stock value. Our valuation model uses many indicators to compare Black Tusk value to that of its competitors to determine the firm's financial worth. Black Tusk Resources is rated fourth in beta category among its peers. It is number one stock in current ratio category among its peers fabricating about 14.13 of Current Ratio 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 Black Tusk's earnings, one of the primary drivers of an investment's value.Black Current Ratio 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.
Black Tusk |
| = | 1.38 |
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.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Black Tusk |
| = | 19.54 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Black Current Ratio Comparison
Black Tusk is currently under evaluation in current ratio category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Black Tusk will likely underperform.
Black Tusk Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Black Tusk, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Black Tusk will eventually generate negative long term returns. The profitability progress is the general direction of Black Tusk's change in net profit over the period of time. It can combine multiple indicators of Black Tusk, 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.
Black Tusk Resources Inc. engages in the exploration and development of mineral properties in Canada. Black Tusk Resources Inc. was incorporated in 2016 and is based in Vancouver, Canada. Black Tusk is traded on OTC Exchange in the United States.
Black Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Black Tusk. 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 Black Tusk 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 Black Tusk's important profitability drivers and their relationship over time.
Use Black Tusk 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 Black Tusk 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 Black Tusk will appreciate offsetting losses from the drop in the long position's value.Black Tusk Pair Trading
Black Tusk Resources Pair Trading Analysis
The ability to find closely correlated positions to Black Tusk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Tusk 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 Black Tusk - 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 Black Tusk Resources to buy it.
The correlation of Black Tusk 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 Black Tusk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Tusk Resources 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 Black Tusk 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 Black Tusk position
In addition to having Black Tusk 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 Consideration for investing in Black Pink Sheet
If you are still planning to invest in Black Tusk Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Black Tusk's history and understand the potential risks before investing.
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