Gitennes Exploration Book Value Per Share vs. Net Income
| GIT Stock | CAD 0.29 0.01 3.57% |
For Gitennes Exploration profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gitennes Exploration to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gitennes Exploration utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gitennes Exploration's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gitennes Exploration over time as well as its relative position and ranking within its peers.
Gitennes |
Gitennes Exploration Net Income vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gitennes Exploration's current stock value. Our valuation model uses many indicators to compare Gitennes Exploration value to that of its competitors to determine the firm's financial worth. Gitennes Exploration is rated below average in book value per share category among its peers. It is rated # 4 in net income category among its peers . At this time, Gitennes Exploration's Net Loss is fairly stable compared to the past year. 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 Gitennes Exploration's earnings, one of the primary drivers of an investment's value.Gitennes Net Income vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Gitennes Exploration |
| = | (0.03) X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
Gitennes Exploration |
| = | (435.95 K) |
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.
Gitennes Net Income Comparison
Gitennes Exploration is currently under evaluation in net income category among its peers.
Gitennes Exploration Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Gitennes Exploration, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Gitennes Exploration will eventually generate negative long term returns. The profitability progress is the general direction of Gitennes Exploration's change in net profit over the period of time. It can combine multiple indicators of Gitennes Exploration, 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 | ||
| Operating Income | -593.4 K | -623.1 K | |
| Net Loss | -435.9 K | -457.7 K | |
| Income Before Tax | -435.9 K | -457.7 K | |
| Total Other Income Expense Net | 157.5 K | 165.4 K | |
| Net Loss | -1.6 M | -1.5 M | |
| Net Loss | -435.9 K | -457.7 K | |
| Income Tax Expense | -134.1 K | -127.4 K | |
| Change To Netincome | -50 K | -47.5 K |
Gitennes Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gitennes Exploration. 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 Gitennes Exploration 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 Gitennes Exploration's important profitability drivers and their relationship over time.
Use Gitennes Exploration 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 Gitennes Exploration 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 Gitennes Exploration will appreciate offsetting losses from the drop in the long position's value.Gitennes Exploration Pair Trading
Gitennes Exploration Pair Trading Analysis
The ability to find closely correlated positions to Gitennes Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gitennes Exploration 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 Gitennes Exploration - 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 Gitennes Exploration to buy it.
The correlation of Gitennes Exploration 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 Gitennes Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gitennes Exploration 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 Gitennes Exploration 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 Gitennes Exploration position
In addition to having Gitennes Exploration 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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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 Machinery Theme or any other thematic opportunities.
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Additional Tools for Gitennes Stock Analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration'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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.