Happy Creek Return On Equity vs. Return On Asset
| HPY Stock | CAD 0.05 0.01 16.67% |
For Happy Creek profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Happy Creek to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Happy Creek Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Happy Creek's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Happy Creek Minerals over time as well as its relative position and ranking within its peers.
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Happy Creek Minerals Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Happy Creek's current stock value. Our valuation model uses many indicators to compare Happy Creek value to that of its competitors to determine the firm's financial worth. Happy Creek Minerals is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset 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 Happy Creek's earnings, one of the primary drivers of an investment's value.Happy Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Happy Creek |
| = | -0.0366 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Happy Creek |
| = | -0.028 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Happy Return On Asset Comparison
Happy Creek is currently under evaluation in return on asset category among its peers.
Happy Creek Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Happy Creek, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Happy Creek will eventually generate negative long term returns. The profitability progress is the general direction of Happy Creek's change in net profit over the period of time. It can combine multiple indicators of Happy Creek, 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.
Happy Creek Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. Happy Creek Minerals Ltd. was incorporated in 2004 and is headquartered in Vancouver, Canada. HAPPY CREEK operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Happy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Happy Creek. 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 Happy Creek 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 Happy Creek's important profitability drivers and their relationship over time.
Use Happy Creek 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 Happy Creek 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 Happy Creek will appreciate offsetting losses from the drop in the long position's value.Happy Creek Pair Trading
Happy Creek Minerals Pair Trading Analysis
The ability to find closely correlated positions to Happy Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Happy Creek 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 Happy Creek - 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 Happy Creek Minerals to buy it.
The correlation of Happy Creek 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 Happy Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Happy Creek Minerals 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 Happy Creek 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 Happy Creek position
In addition to having Happy Creek 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 Automobiles and Trucks Thematic Idea Now
Automobiles and Trucks
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Automobiles and Trucks 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 Automobiles and Trucks Theme or any other thematic opportunities.
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Additional Tools for Happy Stock Analysis
When running Happy Creek's price analysis, check to measure Happy Creek'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 Happy Creek is operating at the current time. Most of Happy Creek's value examination focuses on studying past and present price action to predict the probability of Happy Creek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Happy Creek's price. Additionally, you may evaluate how the addition of Happy Creek to your portfolios can decrease your overall portfolio volatility.