EnviroGold Global Cash Flow From Operations vs. Current Valuation
| ESGLF Stock | USD 0.04 0.0009 2.19% |
For EnviroGold Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EnviroGold Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well EnviroGold Global Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EnviroGold Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of EnviroGold Global Limited over time as well as its relative position and ranking within its peers.
EnviroGold |
EnviroGold Global Current Valuation vs. Cash Flow From Operations Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EnviroGold Global's current stock value. Our valuation model uses many indicators to compare EnviroGold Global value to that of its competitors to determine the firm's financial worth. EnviroGold Global Limited is rated below average in cash flow from operations category among its peers. It is rated below average in current valuation 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 EnviroGold Global's earnings, one of the primary drivers of an investment's value.EnviroGold Current Valuation vs. Cash Flow From Operations
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
EnviroGold Global |
| = | (3.23 M) |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
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.
EnviroGold Global |
| = | 27.8 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.
EnviroGold Current Valuation vs Competition
EnviroGold Global Limited is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Precious Metals & Mining industry is currently estimated at about 622.69 Million. EnviroGold Global holds roughly 27.8 Million in current valuation claiming about 4% of all equities under Other Precious Metals & Mining industry.
EnviroGold Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EnviroGold Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EnviroGold Global will eventually generate negative long term returns. The profitability progress is the general direction of EnviroGold Global's change in net profit over the period of time. It can combine multiple indicators of EnviroGold Global, 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.
EnviroGold Global Limited operates as a clean technology company in Canada. EnviroGold Global Limited is headquartered in Vancouver, Canada. Envirogold Global operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange. It employs 9 people.
EnviroGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EnviroGold Global. 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 EnviroGold Global 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 EnviroGold Global's important profitability drivers and their relationship over time.
Use EnviroGold Global 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 EnviroGold Global 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 EnviroGold Global will appreciate offsetting losses from the drop in the long position's value.EnviroGold Global Pair Trading
EnviroGold Global Limited Pair Trading Analysis
The ability to find closely correlated positions to EnviroGold Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnviroGold Global 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 EnviroGold Global - 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 EnviroGold Global Limited to buy it.
The correlation of EnviroGold Global 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 EnviroGold Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EnviroGold Global 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 EnviroGold Global 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 EnviroGold Global position
In addition to having EnviroGold Global 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 Sport Products Thematic Idea Now
Sport Products
Companies manufacturing sporting goods and accessories. The Sport Products theme has 44 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 Sport Products Theme or any other thematic opportunities.
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Other Information on Investing in EnviroGold OTC Stock
To fully project EnviroGold Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of EnviroGold Global 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 EnviroGold Global's income statement, its balance sheet, and the statement of cash flows.