CANEX Metals Book Value Per Share vs. Price To Earning
| CANX Stock | CAD 0.05 0.01 25.00% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 0.0668 | Current Value 0.0634 | Quarterly Volatility 0.19031315 |
For CANEX Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CANEX Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CANEX Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CANEX Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CANEX Metals over time as well as its relative position and ranking within its peers.
CANEX |
CANEX Metals Price To Earning vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CANEX Metals's current stock value. Our valuation model uses many indicators to compare CANEX Metals value to that of its competitors to determine the firm's financial worth. CANEX Metals is rated fifth in book value per share category among its peers. It is rated second in price to earning category among its peers reporting about 256.35 of Price To Earning per Book Value Per Share. At this time, CANEX Metals' Book Value Per Share is fairly stable compared to the past year. 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 CANEX Metals' earnings, one of the primary drivers of an investment's value.CANEX Price To Earning vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
CANEX Metals |
| = | 0.05 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
CANEX Metals |
| = | 13.33 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.
CANEX Price To Earning Comparison
CANEX Metals is currently under evaluation in price to earning category among its peers.
CANEX Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CANEX Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CANEX Metals will eventually generate negative long term returns. The profitability progress is the general direction of CANEX Metals' change in net profit over the period of time. It can combine multiple indicators of CANEX Metals, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 2.2 M | 1.3 M | |
| Operating Income | -386.8 K | -406.1 K | |
| Net Loss | -615.7 K | -646.5 K | |
| Income Tax Expense | -114.5 K | -108.8 K | |
| Income Before Tax | -615.7 K | -646.5 K | |
| Total Other Income Expense Net | -74.7 K | -78.5 K | |
| Net Loss | -481.9 K | -457.8 K | |
| Net Loss | -703.2 K | -668.1 K | |
| Net Interest Income | 27.9 K | 29.3 K | |
| Interest Income | 27.9 K | 29.3 K | |
| Change To Netincome | 186.5 K | 195.8 K | |
| Net Loss | 0.00 | (0.01) | |
| Income Quality | 0.78 | 0.44 | |
| Net Loss | (2.31) | (2.19) |
CANEX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CANEX Metals. 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 CANEX Metals 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 CANEX Metals' important profitability drivers and their relationship over time.
Use CANEX Metals 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 CANEX Metals 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 CANEX Metals will appreciate offsetting losses from the drop in the long position's value.CANEX Metals Pair Trading
CANEX Metals Pair Trading Analysis
The ability to find closely correlated positions to CANEX Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CANEX Metals 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 CANEX Metals - 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 CANEX Metals to buy it.
The correlation of CANEX Metals 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 CANEX Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CANEX Metals 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 CANEX Metals 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 CANEX Metals position
In addition to having CANEX Metals 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 Real Estate ETFs Thematic Idea Now
Real Estate ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Real Estate ETFs theme has 66 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 Real Estate ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.