Altamira Gold Return On Asset vs. Net Income
| EQTRF Stock | USD 0.09 0 3.18% |
For Altamira Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altamira Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altamira Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altamira Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altamira Gold Corp over time as well as its relative position and ranking within its peers.
Altamira |
Altamira Gold Corp Net Income vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altamira Gold's current stock value. Our valuation model uses many indicators to compare Altamira Gold value to that of its competitors to determine the firm's financial worth. Altamira Gold Corp is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in net income 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 Altamira Gold's earnings, one of the primary drivers of an investment's value.Altamira Net Income 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.
Altamira Gold |
| = | -0.0469 |
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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Altamira Gold |
| = | (1.58 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Altamira Net Income Comparison
Altamira Gold is currently under evaluation in net income category among its peers.
Altamira Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altamira Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altamira Gold will eventually generate negative long term returns. The profitability progress is the general direction of Altamira Gold's change in net profit over the period of time. It can combine multiple indicators of Altamira 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.
Altamira Gold Corp. engages in the acquisition, exploration, development, and mining of mineral properties in Brazil. Altamira Gold Corp. was incorporated in 1994 and is headquartered in Vancouver, Canada. ALTAMIRA GOLD is traded on OTC Exchange in the United States.
Altamira Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altamira 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 Altamira 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 Altamira Gold's important profitability drivers and their relationship over time.
Use Altamira 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 Altamira 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 Altamira Gold will appreciate offsetting losses from the drop in the long position's value.Altamira Gold Pair Trading
Altamira Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Altamira 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 Altamira 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 Altamira 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 Altamira Gold Corp to buy it.
The correlation of Altamira 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 Altamira Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altamira 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 Altamira 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 Altamira Gold position
In addition to having Altamira 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 World Allocation Funds Thematic Idea Now
World Allocation Funds
Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 43 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 World Allocation Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Altamira Pink Sheet
To fully project Altamira Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Altamira Gold Corp 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 Altamira Gold's income statement, its balance sheet, and the statement of cash flows.