Giga Metals Total Debt vs. Debt To Equity
| HNCKFDelisted Stock | USD 0.19 0.01 5.56% |
For Giga Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Giga Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Giga Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Giga Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Giga Metals over time as well as its relative position and ranking within its peers.
Giga |
Giga Metals Debt To Equity vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Giga Metals's current stock value. Our valuation model uses many indicators to compare Giga Metals value to that of its competitors to determine the firm's financial worth. Giga Metals is rated # 3 in total debt category among its peers. It is rated # 2 in debt to equity category among its peers . The ratio of Total Debt to Debt To Equity for Giga Metals is about 5,714,286 . 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 Giga Metals' earnings, one of the primary drivers of an investment's value.Giga Total Debt vs. Competition
Giga Metals is rated # 3 in total debt category among its peers. Total debt of Materials industry is currently estimated at about 532,921. Giga Metals holds roughly 40,000 in total debt claiming about 8% of all equities under Materials industry.
Giga Debt To Equity vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Giga Metals |
| = | 40 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Giga Metals |
| = | 0.01 % |
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.
Giga Debt To Equity Comparison
Giga Metals is currently under evaluation in debt to equity category among its peers.
Giga Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Giga Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Giga Metals will eventually generate negative long term returns. The profitability progress is the general direction of Giga Metals' change in net profit over the period of time. It can combine multiple indicators of Giga Metals, 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.
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. Giga Metals Corporation was incorporated in 1983 and is headquartered in Vancouver, Canada. Giga Metals is traded on OTC Exchange in the United States.
Giga Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Giga Metals. 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 Giga Metals 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 Giga Metals' important profitability drivers and their relationship over time.
Use Giga Metals 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 Giga Metals 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 Giga Metals will appreciate offsetting losses from the drop in the long position's value.Giga Metals Pair Trading
Giga Metals Pair Trading Analysis
The ability to find closely correlated positions to Giga Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Giga Metals 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 Giga Metals - 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 Giga Metals to buy it.
The correlation of Giga Metals 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 Giga Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Giga Metals 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 Giga Metals 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 Giga Metals position
In addition to having Giga Metals 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 Insurance Thematic Idea Now
Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance 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 Insurance Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in Giga OTC Stock
If you are still planning to invest in Giga Metals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Giga Metals' history and understand the potential risks before investing.
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