FPX Nickel Current Valuation vs. Price To Book
| FPX Stock | CAD 0.24 0.01 4.00% |
For FPX Nickel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of FPX Nickel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well FPX Nickel Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between FPX Nickel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of FPX Nickel Corp over time as well as its relative position and ranking within its peers.
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FPX Nickel Corp Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining FPX Nickel's current stock value. Our valuation model uses many indicators to compare FPX Nickel value to that of its competitors to determine the firm's financial worth. FPX Nickel Corp is rated # 2 in current valuation category among its peers. It also is rated # 2 in price to book category among its peers . The ratio of Current Valuation to Price To Book for FPX Nickel Corp is about 36,476,424 . Price To Book Ratio is likely to climb to 2.61 in 2024. 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 FPX Nickel's earnings, one of the primary drivers of an investment's value.FPX Current Valuation vs. Competition
FPX Nickel Corp is rated # 2 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 686.64 Billion. FPX Nickel adds roughly 38.69 Million in current valuation claiming only tiny portion of all equities under Materials industry.
FPX Price To Book 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.
FPX Nickel |
| = | 38.69 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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
FPX Nickel |
| = | 1.06 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
FPX Price To Book Comparison
FPX Nickel is currently under evaluation in price to book category among its peers.
FPX Nickel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in FPX Nickel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, FPX Nickel will eventually generate negative long term returns. The profitability progress is the general direction of FPX Nickel's change in net profit over the period of time. It can combine multiple indicators of FPX Nickel, 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 | ||
| Accumulated Other Comprehensive Income | 924.8 K | 878.6 K | |
| Operating Income | -5.7 M | -5.4 M | |
| Net Loss | -4.4 M | -4.2 M | |
| Income Tax Expense | -106.3 K | -101 K | |
| Income Before Tax | -4.4 M | -4.2 M | |
| Total Other Income Expense Net | 1.2 M | 1.3 M | |
| Net Loss | -4.4 M | -4.2 M | |
| Net Loss | -3.5 M | -3.3 M | |
| Net Interest Income | 1.2 M | 1.3 M | |
| Interest Income | 1.2 M | 1.3 M | |
| Change To Netincome | 2.6 M | 2.7 M | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 0.44 | 0.63 | |
| Net Income Per E B T | 0.98 | 0.72 |
FPX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on FPX Nickel. 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 FPX Nickel 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 FPX Nickel's important profitability drivers and their relationship over time.
Use FPX Nickel 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 FPX Nickel 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 FPX Nickel will appreciate offsetting losses from the drop in the long position's value.FPX Nickel Pair Trading
FPX Nickel Corp Pair Trading Analysis
The ability to find closely correlated positions to FPX Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPX Nickel 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 FPX Nickel - 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 FPX Nickel Corp to buy it.
The correlation of FPX Nickel 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 FPX Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPX Nickel 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 FPX Nickel 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 FPX Nickel position
In addition to having FPX Nickel 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 Theme ETFs Thematic Idea Now
Theme ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Theme ETFs theme has 483 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 Theme ETFs Theme or any other thematic opportunities.
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Additional Tools for FPX Stock Analysis
When running FPX Nickel's price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.