Eros Resources Current Valuation vs. Shares Outstanding
| EROSF Stock | USD 0.04 0.00 0.00% |
For Eros Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eros Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eros Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eros Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eros Resources Corp over time as well as its relative position and ranking within its peers.
Eros |
Eros Resources Corp Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eros Resources's current stock value. Our valuation model uses many indicators to compare Eros Resources value to that of its competitors to determine the firm's financial worth. Eros Resources Corp is rated # 3 in current valuation category among its peers. It also is rated # 3 in shares outstanding category among its peers creating about 25.12 of Shares Outstanding per Current Valuation. 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 Eros Resources' earnings, one of the primary drivers of an investment's value.Eros Current Valuation vs. Competition
Eros Resources Corp is rated # 3 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Industrial Metals & Mining industry is currently estimated at about 47.42 Million. Eros Resources holds roughly 3.9 Million in current valuation claiming about 8% of all equities under Other Industrial Metals & Mining industry.
Eros Shares Outstanding vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Eros Resources |
| = | 3.9 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Eros Resources |
| = | 97.89 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Eros Shares Outstanding Comparison
Eros Resources is currently under evaluation in shares outstanding category among its peers.
Eros Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eros Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eros Resources will eventually generate negative long term returns. The profitability progress is the general direction of Eros Resources' change in net profit over the period of time. It can combine multiple indicators of Eros 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.
Eros Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and gas resource properties in North America. Its principal property is the Bell Mountain project, which consists of unpatented mining claims located to the southeast of Reno, Nevada. Eros Resources operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Eros Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eros 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 Eros 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 Eros Resources' important profitability drivers and their relationship over time.
Use Eros 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 Eros 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 Eros Resources will appreciate offsetting losses from the drop in the long position's value.Eros Resources Pair Trading
Eros Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Eros 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 Eros 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 Eros 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 Eros Resources Corp to buy it.
The correlation of Eros 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 Eros Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eros 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 Eros 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 Eros Resources position
In addition to having Eros 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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Other Information on Investing in Eros OTC Stock
To fully project Eros Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eros Resources 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 Eros Resources' income statement, its balance sheet, and the statement of cash flows.