Commerce Resources Price To Book vs. Market Capitalization
| CCE Stock | CAD 0.08 0.01 11.11% |
For Commerce Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Commerce Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Commerce Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Commerce Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Commerce Resources Corp over time as well as its relative position and ranking within its peers.
Commerce |
Commerce Resources Corp Market Capitalization vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Commerce Resources's current stock value. Our valuation model uses many indicators to compare Commerce Resources value to that of its competitors to determine the firm's financial worth. Commerce Resources Corp is rated third in price to book category among its peers. It is number one stock in market capitalization category among its peers creating about 52,464,460 of Market Capitalization per Price To Book. At this time, Commerce Resources' Market Cap 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 Commerce Resources' earnings, one of the primary drivers of an investment's value.Commerce Market Capitalization vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Commerce Resources |
| = | 0.32 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Commerce Resources |
| = | 16.96 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Commerce Market Capitalization vs Competition
Commerce Resources Corp is number one stock in market capitalization category among its peers. Market capitalization of Materials industry is currently estimated at about 35.39 Million. Commerce Resources totals roughly 16.96 Million in market capitalization claiming about 48% of all equities under Materials industry.
Commerce Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Commerce Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Commerce Resources will eventually generate negative long term returns. The profitability progress is the general direction of Commerce Resources' change in net profit over the period of time. It can combine multiple indicators of Commerce Resources, 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 | 12.7 M | 13.3 M | |
| Operating Income | -1.9 M | -2 M | |
| Income Before Tax | -1.9 M | -2 M | |
| Total Other Income Expense Net | 14.8 K | 15.5 K | |
| Net Loss | -2 M | -2 M | |
| Income Tax Expense | 18.6 K | 19.5 K | |
| Net Loss | -2 M | -2 M | |
| Net Loss | -832.1 K | -873.7 K | |
| Net Interest Income | -11 K | -11.6 K | |
| Interest Income | 7.4 K | 8.7 K | |
| Change To Netincome | -226.7 K | -215.3 K | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 0.27 | 0.51 | |
| Net Income Per E B T | 1.16 | 0.96 |
Commerce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Commerce Resources. 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 Commerce Resources 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 Commerce Resources' important profitability drivers and their relationship over time.
Use Commerce Resources 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 Commerce Resources 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 Commerce Resources will appreciate offsetting losses from the drop in the long position's value.Commerce Resources Pair Trading
Commerce Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Commerce Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commerce Resources 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 Commerce Resources - 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 Commerce Resources Corp to buy it.
The correlation of Commerce Resources 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 Commerce Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commerce Resources 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 Commerce Resources 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 Commerce Resources position
In addition to having Commerce Resources 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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Additional Tools for Commerce Stock Analysis
When running Commerce Resources' price analysis, check to measure Commerce Resources' 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 Commerce Resources is operating at the current time. Most of Commerce Resources' value examination focuses on studying past and present price action to predict the probability of Commerce Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commerce Resources' price. Additionally, you may evaluate how the addition of Commerce Resources to your portfolios can decrease your overall portfolio volatility.