Eskay Mining Shares Outstanding vs. Beta
| ESKYF Stock | USD 0.11 0.01 10.00% |
For Eskay Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eskay Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eskay Mining Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eskay Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eskay Mining Corp over time as well as its relative position and ranking within its peers.
Eskay |
Eskay Mining Corp Beta vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eskay Mining's current stock value. Our valuation model uses many indicators to compare Eskay Mining value to that of its competitors to determine the firm's financial worth. Eskay Mining Corp is rated below average in shares outstanding category among its peers. It is rated below average in beta category among its peers . The ratio of Shares Outstanding to Beta for Eskay Mining Corp is about 171,572,596 . 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 Eskay Mining's earnings, one of the primary drivers of an investment's value.Eskay Beta vs. Shares Outstanding
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.
Eskay Mining |
| = | 183.62 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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Eskay Mining |
| = | 1.07 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Eskay Beta Comparison
Eskay Mining is currently under evaluation in beta category among its peers.
Beta Analysis
Eskay Mining returns are very sensitive to returns on the market. As the market goes up or down, Eskay Mining is expected to follow.
Eskay Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eskay Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eskay Mining will eventually generate negative long term returns. The profitability progress is the general direction of Eskay Mining's change in net profit over the period of time. It can combine multiple indicators of Eskay Mining, 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.
Eskay Mining Corp., a natural resource company, engages in the acquisition and exploration of mineral properties, and precious and base metal deposits in British Columbia, Canada. Eskay Mining Corp. was founded in 1980 and is headquartered in Toronto, Canada. ESKAY MINING operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Eskay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eskay Mining. 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 Eskay Mining 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 Eskay Mining's important profitability drivers and their relationship over time.
Use Eskay Mining 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 Eskay Mining 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 Eskay Mining will appreciate offsetting losses from the drop in the long position's value.Eskay Mining Pair Trading
Eskay Mining Corp Pair Trading Analysis
The ability to find closely correlated positions to Eskay Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eskay Mining 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 Eskay Mining - 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 Eskay Mining Corp to buy it.
The correlation of Eskay Mining 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 Eskay Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eskay Mining 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 Eskay Mining 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 Eskay Mining position
In addition to having Eskay Mining 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 Eskay Pink Sheet
To fully project Eskay Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eskay Mining 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 Eskay Mining's income statement, its balance sheet, and the statement of cash flows.