Silver Elephant Return On Asset vs. Cash And Equivalents
| ELEF Stock | CAD 0.43 0.01 2.38% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.14 | 0.16 |
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For Silver Elephant profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Silver Elephant to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Silver Elephant Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Silver Elephant's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Silver Elephant Mining over time as well as its relative position and ranking within its peers.
Silver |
Silver Elephant Mining Cash And Equivalents vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Silver Elephant's current stock value. Our valuation model uses many indicators to compare Silver Elephant value to that of its competitors to determine the firm's financial worth. Silver Elephant Mining is rated # 2 in return on asset category among its peers. It is rated # 3 in cash and equivalents category among its peers . At this time, Silver Elephant's Cash And Equivalents is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Silver Elephant by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Silver Elephant's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Silver Cash And Equivalents 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.
Silver Elephant |
| = | -0.0782 |
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.
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.
Silver Elephant |
| = | 3.83 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).
Silver Cash And Equivalents Comparison
Silver Elephant is currently under evaluation in cash and equivalents category among its peers.
Silver Elephant Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Silver Elephant, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Silver Elephant will eventually generate negative long term returns. The profitability progress is the general direction of Silver Elephant's change in net profit over the period of time. It can combine multiple indicators of Silver Elephant, 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 | 29.3 M | 30.7 M | |
| Operating Income | -7 M | -6.7 M | |
| Income Before Tax | -9.2 M | -9.6 M | |
| Total Other Income Expense Net | -2.2 M | -2.3 M | |
| Net Loss | -6.5 M | -6.9 M | |
| Income Tax Expense | -2.7 M | -2.5 M | |
| Interest Income | 292.4 K | 387.2 K | |
| Net Loss | -5.2 M | -5.5 M | |
| Net Interest Income | -173.2 K | -181.9 K | |
| Net Loss | -13.1 M | -13.8 M | |
| Change To Netincome | -1.7 M | -1.6 M | |
| Net Loss | (0.20) | (0.44) | |
| Income Quality | 0.04 | 0.46 | |
| Net Income Per E B T | 0.71 | 1.01 |
Silver Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Silver Elephant. 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 Silver Elephant 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 Silver Elephant's important profitability drivers and their relationship over time.
Use Silver Elephant 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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.Silver Elephant Pair Trading
Silver Elephant Mining Pair Trading Analysis
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant 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 Silver Elephant - 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 Silver Elephant Mining to buy it.
The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Elephant position
In addition to having Silver Elephant 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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Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 43 constituents at this time.
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Other Information on Investing in Silver Stock
To fully project Silver Elephant's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Silver Elephant Mining 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 Silver Elephant's income statement, its balance sheet, and the statement of cash flows.