Golden Lake Current Valuation vs. Earnings Per Share
| GOLXF Stock | USD 0.03 0 3.48% |
For Golden Lake profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Golden Lake to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Golden Lake Exploration utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Golden Lake's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Golden Lake Exploration over time as well as its relative position and ranking within its peers.
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Golden Lake Exploration Earnings Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Golden Lake's current stock value. Our valuation model uses many indicators to compare Golden Lake value to that of its competitors to determine the firm's financial worth. Golden Lake Exploration is rated below average in current valuation category among its peers. It is rated below average in earnings per share 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 Golden Lake's earnings, one of the primary drivers of an investment's value.Golden Current Valuation vs. Competition
Golden Lake Exploration is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Industrial Metals & Mining industry is currently estimated at about 20.25 Billion. Golden Lake adds roughly 2.62 Million in current valuation claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
Golden Earnings Per Share 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.
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| = | 2.62 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.
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
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| = | (0.03) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Golden Earnings Per Share Comparison
Golden Lake is currently under evaluation in earnings per share category among its peers.
Golden Lake Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Golden Lake, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Golden Lake will eventually generate negative long term returns. The profitability progress is the general direction of Golden Lake's change in net profit over the period of time. It can combine multiple indicators of Golden Lake, 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.
Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. Golden Lake Exploration Inc. was incorporated in 2018 and is based in Vancouver, Canada. Golden Lake operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Golden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Golden Lake. 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 Lake 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 Lake's important profitability drivers and their relationship over time.
Use Golden Lake 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 Lake 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 Lake will appreciate offsetting losses from the drop in the long position's value.Golden Lake Pair Trading
Golden Lake Exploration Pair Trading Analysis
The ability to find closely correlated positions to Golden Lake 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 Lake 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 Lake - 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 Lake Exploration to buy it.
The correlation of Golden Lake 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 Lake moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Lake 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 Golden Lake 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 Lake position
In addition to having Golden Lake 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 Golden OTC Stock
To fully project Golden Lake's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Golden Lake Exploration 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 Golden Lake's income statement, its balance sheet, and the statement of cash flows.