Canadian Palladium Return On Asset vs. EBITDA
| DCNNF Stock | USD 0.04 0.01 15.03% |
For Canadian Palladium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canadian Palladium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canadian Palladium Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canadian Palladium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canadian Palladium Resources over time as well as its relative position and ranking within its peers.
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Canadian Palladium EBITDA vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canadian Palladium's current stock value. Our valuation model uses many indicators to compare Canadian Palladium value to that of its competitors to determine the firm's financial worth. Canadian Palladium Resources is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in ebitda 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 Canadian Palladium's earnings, one of the primary drivers of an investment's value.Canadian EBITDA vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Canadian Palladium |
| = | -0.69 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Canadian Palladium |
| = | (1.51 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Canadian EBITDA Comparison
Canadian Palladium is currently under evaluation in ebitda category among its peers.
Canadian Palladium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canadian Palladium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canadian Palladium will eventually generate negative long term returns. The profitability progress is the general direction of Canadian Palladium's change in net profit over the period of time. It can combine multiple indicators of Canadian Palladium, 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.
Canadian Palladium Resources Inc. engages in the acquisition and exploration of resource properties in North America and Europe. Canadian Palladium Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada. 21C Metals is traded on OTC Exchange in the United States.
Canadian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canadian Palladium. 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 Canadian Palladium 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 Canadian Palladium's important profitability drivers and their relationship over time.
Use Canadian Palladium 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 Canadian Palladium 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 Canadian Palladium will appreciate offsetting losses from the drop in the long position's value.Canadian Palladium Pair Trading
Canadian Palladium Resources Pair Trading Analysis
The ability to find closely correlated positions to Canadian Palladium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Palladium 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 Canadian Palladium - 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 Canadian Palladium Resources to buy it.
The correlation of Canadian Palladium 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 Canadian Palladium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Palladium 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 Canadian Palladium 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 Canadian Palladium position
In addition to having Canadian Palladium 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 Personal Services Thematic Idea Now
Personal Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Personal Services theme has 61 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 Personal Services Theme or any other thematic opportunities.
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Other Information on Investing in Canadian Pink Sheet
To fully project Canadian Palladium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canadian Palladium 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 Canadian Palladium's income statement, its balance sheet, and the statement of cash flows.