Golden Goliath Debt To Equity vs. Price To Earning
| GNG Stock | CAD 0.04 0.01 20.00% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter 0.0981 | Current Value 0.088 | Quarterly Volatility 0.00594425 |
For Golden Goliath profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Golden Goliath to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Golden Goliath Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Golden Goliath's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Golden Goliath Resources over time as well as its relative position and ranking within its peers.
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Golden Goliath Resources Price To Earning vs. Debt To Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Golden Goliath's current stock value. Our valuation model uses many indicators to compare Golden Goliath value to that of its competitors to determine the firm's financial worth. Golden Goliath Resources is rated # 5 in debt to equity category among its peers. It also is rated # 5 in price to earning category among its peers . At this time, Golden Goliath's Debt To Equity 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 Golden Goliath's earnings, one of the primary drivers of an investment's value.Golden Price To Earning vs. Debt To Equity
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Golden Goliath |
| = | 0.11 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Golden Goliath |
| = | (5.00) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Golden Price To Earning Comparison
Golden Goliath is currently under evaluation in price to earning category among its peers.
Golden Goliath Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Golden Goliath, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Golden Goliath will eventually generate negative long term returns. The profitability progress is the general direction of Golden Goliath's change in net profit over the period of time. It can combine multiple indicators of Golden Goliath, 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 | 4.1 M | 2.6 M | |
| Operating Income | -590.8 K | -620.3 K | |
| Income Before Tax | -635.5 K | -667.3 K | |
| Total Other Income Expense Net | -44.7 K | -46.9 K | |
| Net Loss | -635.5 K | -667.3 K | |
| Income Tax Expense | -151.1 K | -143.6 K | |
| Net Loss | -635.5 K | -667.3 K | |
| Net Loss | -686.1 K | -720.4 K | |
| Net Interest Income | 14.1 K | 10.1 K | |
| Interest Income | 14.1 K | 10.1 K | |
| Change To Netincome | 791.10 | 751.55 | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 0.46 | 0.44 | |
| Net Income Per E B T | 0.90 | 0.68 |
Golden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Golden Goliath. 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 Golden Goliath 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 Golden Goliath's important profitability drivers and their relationship over time.
Use Golden Goliath 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 Golden Goliath 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 Golden Goliath will appreciate offsetting losses from the drop in the long position's value.Golden Goliath Pair Trading
Golden Goliath Resources Pair Trading Analysis
The ability to find closely correlated positions to Golden Goliath could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Goliath 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 Golden Goliath - 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 Golden Goliath Resources to buy it.
The correlation of Golden Goliath 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 Golden Goliath moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Goliath Resources 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 Golden Goliath 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 Golden Goliath position
In addition to having Golden Goliath 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 Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 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 Banking Theme or any other thematic opportunities.
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Additional Tools for Golden Stock Analysis
When running Golden Goliath's price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.