Eminent Gold Number Of Shares Shorted vs. Market Capitalization
| EMNT Stock | CAD 0.31 0.01 3.33% |
For Eminent Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eminent Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eminent Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eminent Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eminent Gold Corp over time as well as its relative position and ranking within its peers.
Eminent |
Eminent Gold Corp Market Capitalization vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eminent Gold's current stock value. Our valuation model uses many indicators to compare Eminent Gold value to that of its competitors to determine the firm's financial worth. Eminent Gold Corp is rated # 5 in number of shares shorted category among its peers. It also is rated # 5 in market capitalization category among its peers creating about 3,049 of Market Capitalization per Number Of Shares Shorted. At this time, Eminent Gold's 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 Eminent Gold's earnings, one of the primary drivers of an investment's value.Eminent Market Capitalization vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Eminent Gold |
| = | 5.58 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
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.
Eminent Gold |
| = | 17.02 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.
Eminent Market Capitalization vs Competition
Eminent Gold Corp is rated # 5 in market capitalization category among its peers. Market capitalization of Materials industry is currently estimated at about 4.78 Billion. Eminent Gold adds roughly 17.02 Million in market capitalization claiming only tiny portion of all equities under Materials industry.
Eminent Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eminent Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eminent Gold will eventually generate negative long term returns. The profitability progress is the general direction of Eminent Gold's change in net profit over the period of time. It can combine multiple indicators of Eminent Gold, 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 | ||
| Net Loss | -1.1 M | -1.1 M | |
| Operating Income | -976.7 K | -1 M | |
| Net Loss | -4.2 M | -4 M | |
| Income Before Tax | -4.2 M | -4 M | |
| Net Loss | -4.2 M | -4 M | |
| Net Interest Income | -7.8 K | -8.2 K | |
| Total Other Income Expense Net | -3.2 M | -3 M | |
| Change To Netincome | 782.8 K | 821.9 K | |
| Net Loss | (0.09) | (0.08) | |
| Income Quality | 0.04 | 0.03 | |
| Net Income Per E B T | 0.85 | 0.75 |
Eminent Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eminent Gold. 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 Eminent Gold 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 Eminent Gold's important profitability drivers and their relationship over time.
Use Eminent Gold 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 Eminent Gold 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 Eminent Gold will appreciate offsetting losses from the drop in the long position's value.Eminent Gold Pair Trading
Eminent Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Eminent Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eminent Gold 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 Eminent Gold - 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 Eminent Gold Corp to buy it.
The correlation of Eminent Gold 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 Eminent Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eminent Gold 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 Eminent Gold 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 Eminent Gold position
In addition to having Eminent Gold 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 Candy and Soda Thematic Idea Now
Candy and Soda
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Candy and Soda theme has 13 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 Candy and Soda Theme or any other thematic opportunities.
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Additional Tools for Eminent Stock Analysis
When running Eminent Gold's price analysis, check to measure Eminent Gold's 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 Eminent Gold is operating at the current time. Most of Eminent Gold's value examination focuses on studying past and present price action to predict the probability of Eminent Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eminent Gold's price. Additionally, you may evaluate how the addition of Eminent Gold to your portfolios can decrease your overall portfolio volatility.